Inventory Planner, Bath - West Elm

About the role

The Planning organization is responsible for the strategic planning of inventory positions to drive sales, manage inventory turn, and deliver profit objectives. Inventory leaders are innovators, optimizers and problem solvers who are constantly seeking opportunities to move the business forward. We seek a candidate who loves using data to tell the story and a team player who goes above and beyond.

Responsibilities

• Partner with Merchants to create pre-season, item-level sales plans that align with the product rankings, merchandising strategies, and tops-down financial goals
• Present plans at investment review
• Manage monthly open to buy forecasts to drive sales and margin
• Manage inventory levels and turn targets
• Forecast and review buys and replenishment by SKU to maintain optimal inventory flow
• Utilize planning software to forecast sales and manage replenishment
• Partner with the Inventory Distribution team to develop allocation strategies and with E-commerce team on site merchandising opportunities
• Identify potential inventory liabilities and take action to maintain inventory targets
• Determine item level order quantities and flow strategies and partner with the Supply Chain Coordinator to ensure timely and accurate execution of purchase orders
• Determine markdown and end-of-life disposition strategy for non-go-forward product

Qualifications

• Minimum 3-4 years of experience in inventory management in retail
• Strong business acumen, financial analysis, and technical skills
• Experience with open-to-buy forecasting
• Ability to work in a fast-paced entrepreneurial environment
• Superior written, communication, presentation, and listening skills