Inventory Planning Manager

CVS Health•Woonsocket, RI

3d•Onsite

About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. The Inventory Planner is accountable for managing/shaping forecasts and inventory as well as all supply components for a group of retail products to ensure Store and DC service levels achieve targets. The Inventory Planner will execute business plans that achieve enterprise goals including sales, margin, in-stock, turn, fill rate, customer satisfaction and GMROII, receipts, and EOP. This person will be working collaboratively with cross functional internal and external partners to deliver results and ensure outcomes.

Requirements

3+ years of retail industry experience in forecasting and/or supply planning in retail, Merchandising, ecommerce, or CPG
2+ Year Experience with MS Office Suite (Word, Excel, PowerPoint, Access, Teams

Nice To Haves

Blue Yonder Forecasting & Replenishment knowledge
Experience using quantitative technical tools (e.g., Tableau, SQL, ThoughtSpot, Oracle)
Previous Experience in an S&OP environment
Demonstrates understanding of inter-relationship between demand planning, category management, supply planning, and finance
Ability to calculate and analyze key forecasting metrics
Motivated self-starter that displays intellectual curiosity
Results driven with strong time management and organizational skills with a desire to work in a fast-paced environment
Strong interpersonal skills with the ability to build strong relationships and contribute ideas in a team setting
Curiosity to explore and identify insights that result in the development of actionable strategies and tactical plans
Strong business/financial acumen and Supply Chain knowledge
Strong analytical and problem-solving skills
Ability to resolve high profile issues
Good judgment and decision-making ability
Excellent verbal and written communication skills, including facilitation skills

Responsibilities

Overall responsibility for developing and maintaining accurate forecasts across a set of products/categories so that the business may be appropriately planned based on that forecast
Develop and maintain promotional, seasonal and event forecasts
Monitor Forecast accuracy and resolve exceptions with the goal of forecast improvement accounting for market intelligence for an assigned assortment of Beauty Personal Care categories
Works with Category and Planning leadership to understand trends, identify new products, promotional strategies and evaluate impacts on demand
Work collaboratively with merchants, vendors, and other parts of the business to ensure that key factors influencing demand are understood and reflected in the forecast
Use input from the analytics team to determine appropriate forecast models and parameter settings
Responsible for managing inventory levels for a set of products/vendors/categories to support demand while meeting inventory turn and service level targets
Develop actionable plans to meet financial and inventory goals
Develop and maintain inventory and purchase plans using Blue Yonder Fulfill and Order Optimization module
Generate and analyze inventory and service level performance reports
Manage/resolve stock-out occurrences
Monitor inventory and service level performance and resolve exceptions
Partner with Finance, Logistics & the Transportation organization to identify supply chain and financial opportunities
Represent project standards by attending and facilitating meetings to prioritize inventory requirements across the organization
Collaborate with vendors, carriers, and DC teams to enable on time and in-full delivery of purchase orders
Review deal buying opportunities and make decisions on purchase quantities and timing based on targets defined by leadership