Buyer, Replenishment

Candidates must be authorized to work in the United States without the need for current or future visa sponsorship. General Summary The Replenishment Buyers manage the portion of Family Dollar business classified as "Basic." Replenishment manages over 70% of total company sales. The primary goal of Replenishment is to achieve an optimal inventory investment while maintaining the desired In-Stock positions for both the Stores and Distribution Centers. Replenishment Buyers optimize basic inventory to maximize Family Dollar’s sales, profitability and inventory turn while meeting Store In-Stocks and Service Level goals. This position supports and executes all aspects of basic SKUs including, but not limited to base sales, seasonal sales and promotional sales for the entire Replenishment Life Cycle. Replenishment Buyers work cross functionally with Merchandising, Planning and Supply Chain to meet/exceed Company goals while maintaining a partnership with the Supplier community Principal Duties & Responsibilities Replenishment Buyers manage an average of 250 SKUs in over 7,700 stores out of 11 Distribution Centers representing $200M in annual sales Manage all allocations of Basic product to support promotions, special events and improve Store In-Stock to maximize sales and dropped SKU execution to minimize markdowns. Forecast assigned SKUs by Distribution Center to ensure sufficient inventory to support sales, Company goals and initiatives while providing Suppliers with accurate projections to secure production and consistent inventory flow Maintain data integrity to ensure optimal order strategies. Conduct analysis to validate system accuracies in Retek in order to attain Store In-Stocks, Service Levels and Turn objectives. Investigate root cause of overstocks, out of stocks, Store In-Stock and Turn opportunities and implement action plan Track and expedite inbound Purchase Orders. Perform necessary changes to Purchase Orders to accommodate market changes and ensure that products arrive in the most cost effective and efficient manner. Maintain and balance inventory levels in the Stores and Distribution Centers using on-hand, on-order and transfer quantities to maximize sales, margin and turn goals Review the Distribution Center inventory levels and SKU status on a daily basis and monitor against budgeted receipt plan. Analyze Store and Distribution Center Seasonality profiles to ensure seasonal accuracy and execution of optimal inventory levels Partner with Suppliers to establish and maintain compliance in all areas of Store In-Stock, Service Levels and Inventory Turn objectives via email, conference calls and on-site meetings Provide supply chain expertise to Merchandising and Planning partners. Conduct all supply chain and inventory analytics. Conduct weekly postmortem analysis of assigned categories and present findings and actions to category team Analyze new item PSAs, store order multiples, case pack week of supply, etc. and provide recommendations to create most efficient ordering strategy to maximize inventory and sales Extract and analyze data, provide recommendations, and implement exit strategy for markdown optimization of discontinued SKUs Deliver results on assigned cross-functional project with major company impact Authority to approve Purchase Orders up to $65,000 at cost Position Requirements Office work environment, 40+ work hours per week Minimum Requirements Education: Bachelor’s Degree from a four-year college or university or equivalent experience/training Experience: One (1) or more years of related retail and/or replenishment experience Must be results driven, adaptable, detail oriented and organized. Ability to make sound decisions with limited Managerial direction, takes accountability for decisions, actions and results. Must exhibit strong problem solving/decision making and time management skills. Demonstrates the ability to analyze data, identify root causes, trends, opportunities and concerns. Exhibits excellent written and verbal communication skills as well as relationship management. Projected Salary Range: $68,000 - $85,000 20% annual bonus opportunity and other incentives Family Dollar is an equal opportunity employer and committed to recruiting, hiring, training, and promoting qualified people of all backgrounds, and make all employment decisions without regard to any protected status. We are committed to complying with the Americans with Disabilities Act (ADA) and providing reasonable accommodations to qualified individuals with disabilities Full time 510 Volvo Parkway,Chesapeake,Virginia 23320 Inventory Management Family Dollar