Inventory Planner, Bath - West Elm

About the role

Born in Brooklyn and at home in the world, west elm has been helping customers express their personal style at home since 2002. The Planning organization is responsible for the strategic planning of inventory positions to drive sales, manage inventory turn, and deliver profit objectives. We seek a candidate who loves using data to tell the story and is a team player who goes above and beyond. This role requires being onsite in our Brooklyn office Monday through Thursday, with a remote option on Friday.

Responsibilities

• Plan and manage a department through the entire product life cycle.
• Partner with Merchants to create pre-season, item-level sales plans that align with product rankings, merchandising strategies, and top-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 the 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; 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.
• Build relationships with Merchant counterparts and partner to develop financial merchandise plans by department.
• Identify opportunities to drive the top line.
• Analyze the business day-to-day through reading and reacting to trends, and communicate actions to take.
• Develop and provide appropriate business analysis to influence purchases and assortment strategies.
• Be an integral partner with Visual, Store Operations, Sourcing, and Distribution Centers.
• Act like an owner, being the expert on everything relating to the sales, inventory, and margin of your department.

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.

Skills

• A desire and willingness to work collaboratively in a group.
• An innate willingness to dig in and contribute with your team.
• Driven and motivated by the possibilities ahead.
• A true business owner, comfortable with decision-making and taking calculated risks for the benefit of your business.
• Belief that innovation is critical in a business environment and support for others in creative thinking.
• Pride in the quality of work and attention to detail.
• Naturally challenge yourself and others to grow.

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 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.

Pay

The expected starting pay range for this position is $71,400 - $83,850. Applicable pay ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. In addition to competitive pay, compensation may include benefits, paid time off, merit, and bonus opportunities.

Schedule

This role requires being onsite in our Brooklyn office Monday through Thursday, with a remote option on Friday.