Manager, Inventory Management, Bath - Rejuvenation
About The Position
The Inventory Planning team is responsible for maximizing sales and margin through strategic inventory management. As the Inventory Planning Manager, you will be responsible for setting, directing and executing the inventory planning and management strategy for your product category. You will manage the team to execute planning and purchasing in accordance with brand financial plans, working to maximize fulfillment, minimize overstocks, and achieve optimum inventory levels for all selling channels. In partnership with Merchant, Sourcing, and sales Channel teams, you will review and make recommendations regarding merchandising plans and strategies.
Requirements
- 5-8 years of experience in Inventory Planning and Management, Retail Systems, or other analytical role
- Advanced Excel skills
- Proficiency with SQL and other business intelligence/ reporting platforms
- Strong analytical thinking skills
- Strong understanding of Retail Math
- Flexible and growth-oriented mindset
- Able to clearly communicate complex ideas
Nice To Haves
- College degree preferred
Responsibilities
- Manage the monthly Open-to-Buy process for your product category
- Forecast sales, backorders, margin, receipts and end-of-period inventories.
- Gain alignment from your merch partners
- Present plan and variances to prior forecast to brand leadership, effectively communicating challenges to maintaining inventory to budget and proposing solutions
- Collaborate with your merchant partners to build quarterly bottom-up sales, margin and receipt plans for your division at the SKU level that are presented to senior brand leadership for alignment.
- Maintain unit sales forecast in the JustEnough statistical planning software
- Participate in weekly business review meetings, communicating relevant inventory issues to brand stakeholders
- Propose monthly re-orders for your category, ensuring they optimize to in-stock rates and the inventory budget and pass off to the Supply Chain Optimization (SCO) team for placement.
- Monitor and assess current purchase orders monthly for any desired shifts in receipts (pull-up, push-out, cancel) or unexpected shifts in delivery dates.
- Create weekly Clearance and Promotional pricing proposals to manage in-season inventory and exits, balancing margin with inventory targets.
- Review daily sales results and react to the business
- Provide ad hoc reporting for senior leadership and brand partners.
Benefits
- A generous discount on all WSI brands
- A 401(k) plan and other investment opportunities
- Paid vacations, holidays, and time off to volunteer
- Health benefits, dental and vision insurance, including same-sex domestic partner benefits
- Tax-free commuter benefits
- A wellness program that supports your physical, financial and emotional health
- In-person and online learning opportunities through WSI University
- Cross-brand and cross-function career opportunities
- Resources for self-development
- Advisor (Mentor) program
- Career development workshops, learning programs, and speaker series
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What This Job Offers
Job Type
Full-time
Career Level
Manager
Education Level
Associate degree
