Inventory Planning Manager

Squishable-posted 12 days ago
$85,000 - $105,000/Yr
Full-time • Manager
Remote • New York City, NY
251-500 employees
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Squishable is a close-knit team of designers, artists, pop culture-fanatics, and lovers of all things adorable. Together we create the cutest, cuddliest, (and sometimes downright unusual) plush and lifestyle products in the world. With the millions-strong Squishable fan community cheering us on (and a lot of cupcakes, coffee, and karaoke) we make people say "awww." Our offices are in a sunny Soho loft in NYC, and downtown Washington DC. Job Summary: Responsible for preparing production forecasts to ensure we manufacture sufficient amounts of products to meet order demands and allocating inventory to our corporate store, wholesale, and eCommerce customers. You'll help strategically plan optimal inventory levels to drive sales, manage inventory turnover, and meet/exceed financial targets. You will analyze sales forecasts with the production and sales team to understand current demand and ensure production meets those demands. We expect our Inventory Planner to document inventory immediately and adequately communicate any production issues with upper management.

  • Monitor inventory levels to ensure that they remain within set parameters at all times.
  • Coordinate inventory flow-through to each retail location.
  • Review stock-to-sales ratios and respond to changing trends to ensure plan sales.
  • Develop plans for maintaining inventory levels, including determining how much inventory should be kept on hand and anticipating potential shortages while limiting inventory liability and maintaining high stock levels.
  • Collaborate with vendors and the sales team to analyze current trends and production needs
  • Manage excess inventory and determine ways to prevent overproduction.
  • Develop top-line, category, and SKU-level inventory plans that drive growth and adhere to financial budgets.
  • Issue PO's accurately and on time, and work closely with Supply Chain/Ops to ensure that inbound receipts are tracked and accounted for in sales plans.
  • Provide rolling order forecasts to suppliers and rolling receipt forecasts to Finance, making recommendations along the way to ensure financial goals are met.
  • Provide end-of-month and ad hoc reporting and analysis of sales trends, impact on inventory needs, and liabilities to management.
  • Identify areas of operational efficiency on an ongoing basis, driving continuous improvement of the end-to-end planning process.
  • Forecast future inventory based on historical buys, recurring buys, and current inventory levels.
  • Assists the Finance Department with audits, inventory control, and reconciliations.
  • Develop policies and procedures for inventory management, including how to handle damaged goods.
  • Recommend improvements to inventory management systems based on past results.
  • Partner closely with the operations and internal supply chain department to ensure timely delivery to our warehouses.
  • Manage the integrity of information related to inventory levels (Surplus/Dead/Stocked and Non Stocked).
  • Serve and protect the internal and external customer base with inventory-related subjects
  • Manages the inventory tracking system to record deliveries, shipments, and stock levels.
  • Bachelor's degree in logistics or a relevant field
  • 3-5 years of relevant experience in inventory control planning
  • Advanced Excel/modeling and presentation skills
  • Firm grasp of retail math and inventory concepts
  • Excellent communication skills to express ideas and concepts verbally, visually, and in writing
  • Attention to detail
  • Certification in Production and Inventory Management (CPIM) or similar is preferred.
  • NetSuite experience is a plus
  • New York–based candidates preferred; remote consideration available for exceptional candidates.
  • The annual salary range for the position is $85,000 - $105,000
  • 100% employer paid health insurance
  • 100% employer paid short and long-term disability insurance
  • 100% employer paid life insurance
  • Affordable vision and dental insurance
  • 18 days of PTO per year, plus 2 floating holidays
  • 401k with employer matching
  • Generous employee discount (hello, giant plush!)
  • A fun, creative, and welcoming workplace where your voice matters!
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