Director of Inventory Planning
Stio® · Salt Lake City, UT · 2 mo ago
RemoteRemoteManagement$110k–$140k/yrFull-time
Your Responsibilities
- Manages, coaches and develops the Inventory Planning team by fostering a culture of collaboration, high performance and continual process improvement
- Prioritizes and balances the team's workload across in-season and pre-season planning deadlines to ensure on-time and accurate execution
- Participates as a member of the Operations Leadership team including All Staff presentations, department meetings and cultural initiatives
- Partner with VP of Ops to develop and manage Planning team's OKRs, ensuring they are aligned with company priorities and progress is tracked and communicated regularly
Seasonal Inventory Planning Strategies
- Develops, communicates, and gains alignment on seasonal inventory strategies throughout the GTM process including OTB and Revenue meetings
- Oversees pre-season, item-level sales and inventory plans that align with historical performance, merchandising strategies and financial targets
- Provides Category Planning Managers with category/channel level strategy direction including growth, margin, safety stock and delivery targets. Ensures the alignment of bottoms-up sales and buy plans to the tops down targets
Inventory Management and Optimization
- Manage in-season pricing and markdown strategies to maximize sales and margin, while meeting sell through targets
- Oversee omni-channel approach to inventory planning, ensuring optimization across sales channels. Partner with key stakeholders to provide visibility to slow moving inventory and work cross functionally on action plans to hit target inventory levels
- Identify and implement tools, KPIs, processes and best practices to optimize inventory performance
Cross-Functional Collaboration & Process Improvements
- Actively partner cross functionally to drive shared business goals and key outcomes
- Identify and lead projects to continuously improve current processes, tools and meeting
- Manage weekly and monthly inventory reporting and insights, highlighting opportunities and risk. Look for opportunities to standardize reports and streamline processes
- Lead the implementation of new workflows to maximize inventory planning software across the planning team