Replenishment Manager

Responsibilities

• Lead and manage a team of replenishment analysts to ensure efficient inventory replenishment, maximize product availability, and drive profitability.
• Provide strategic guidance, mentorship, and support to the team, enabling them to optimize inventory levels and make data-driven decisions.
• Manage and lead a team of replenishment analysts, providing guidance, coaching, and support to drive high performance and professional development.
• Develop and implement replenishment strategies and policies to optimize inventory levels and ensure product availability across retail channels.
• Collaborate with cross-functional teams, including merchandising, procurement, and logistics, to align replenishment strategies with overall business goals.
• Oversee the demand forecasting process, ensuring accuracy and timely adjustments to inventory plans based on market trends, promotions, and seasonality.
• Analyze sales data, inventory levels, and historical information to identify patterns, insights, and opportunities for process improvement.
• Monitor key performance indicators (KPIs) related to inventory management, including stock turnover, fill rate, and forecast accuracy, and implement corrective actions when necessary.
• Review and optimize inventory replenishment parameters such as safety stock levels, reorder points, and lead times to minimize stockouts and overstock situations.
• Foster effective relationships with vendors and suppliers to ensure timely and efficient replenishment of products.
• Stay informed about industry trends, emerging technologies, and best practices in replenishment and supply chain management, recommending and implementing process improvements and innovative solutions.
• Prepare and present regular reports and performance updates to senior management, providing insights, recommendations, and data-driven strategies to drive operational excellence.
• Create a supportive and empowering work environment for your team.
• Be part of a team that celebrates achievements, promotes teamwork, and recognizes individual contributions.
• Lead associates in a way that exemplifies the leadership principles taught in Rural King’s Thrive Leadership Program.
• Use discretion and independent judgment in daily decisions while maintaining a high level of confidentiality and professionalism.
• Actively participate in learning initiatives offered such as training programs, workshops, and webinars.
• Provide friendly, proactive, and professional internal and external support to others, assisting with inquiries, concerns, and issues promptly and effectively.
• Demonstrate behaviors that exemplify Rural King’s Values: People First, Integrity, Attitude, Initiative, Teamwork, Accountability, and Continuous Improvement.
• Perform other duties as assigned.

Qualifications

• At least 6 years of relevant experience or equivalent combination of experience and education.
• Proven experience in replenishment analysis or a similar role within the retail industry, with expertise in inventory management and demand forecasting.
• Proven experience in effectively supervising and leading a diverse team, guiding them toward achieving department goals and objectives.
• Proficiency in using inventory management software and data analysis tools (e.g., Excel, SQL) for reporting and insights.
• Knowledge of industry regulations, compliance standards, and best practices in inventory management.
• Proficiency in adapting communication style and tone to effectively interact with individuals from diverse backgrounds and at different levels within the organization.
• Experience in working with complex data or documents, carefully examining details, and verifying information for completeness or correctness.
• Adaptable in response to changing priorities, unexpected challenges, and evolving business needs.
• Strong communication and persuasive skills to negotiate and influence stakeholders at various levels in the organization.
• Proficiency with Microsoft Office Suite with high proficiency in Microsoft Excel.
• Proficiency with or the ability to quickly learn Oracle Systems.
• Ability to prioritize tasks and to delegate when appropriate.