Overview
Inventory Planning Analyst Jobs in New York, NY at FULLBEAUTY Brands
Title: Inventory Planning Analyst
Company: FULLBEAUTY Brands
Location: New York, NY
FULLBEAUTY Brands™ is the premier fashion and lifestyle destination for the plus size customer. We are an online and catalog marketplace offering a curated collection of the finest family of plus size brands and thousands of products.
PRIMARY RESPONSIBILITIES:
- Strategic Collaboration: Partner with Inventory Control supervisors to formulate and implement comprehensive inventory strategies throughout the product lifecycle, ensuring alignment with business objectives.
- Demand Forecasting: Lead the analysis and updating of demand forecasts by synthesizing sales history, sales rates, weeks of supply, safety stock, and quality-related issues to identify and execute improvement initiatives.
- Inventory Management: Oversee the management of in-season inventory, strategically balancing sales, margin targets, markdowns, and sell-through goals to maximize profitability and efficiency.
- Data Interpretation: Utilize Tableau to generate and interpret exception reports for inventory management and reconciliation, facilitating data-driven decision-making across the organization.
- Trend Analysis: Conduct weekly projections by analyzing color and size selling trends, along with style return rates, to prepare detailed reports that inform inventory needs and business strategy.
- Performance Review: Analyze the Demand Analysis report to assess sales trends and item performance, making strategic recommendations for future media and marketing initiatives.
- Operational Efficiency: Evaluate stock levels to provide insights on backorders, cancellations, and lost demand, ensuring optimal inventory flow and operational efficiency.
- Cross-Departmental Coordination: Collaborate with the production department on reorder placements, actively monitoring purchase order (PO) shipping statuses and delivering timely updates to senior management.
- Backorder Management: Track and prioritize top backorder and anticipated backorder items through Lognet, expediting shipments of high-priority POs with designated coordinators.
- Overstock Strategy: Identify overstocks and develop actionable strategies for both book and web clearance, including seasonal promotions; adjust retail pricing to optimize the sell-down of excess inventory.
- Liquidation Oversight: Maintain overstock disposition codes and identify end-of-season overstocks for strategic turnover to liquidation channels.
- KPI Achievement: Drive efforts to meet service KPI goals related to backorders and cancellations, ensuring operational excellence and enhanced customer satisfaction.
MINIMUM QUALIFICATIONS:
- Bachelor’s Degree, preferably in Business, Finance or Mathematics; or in lieu of a degree, relevant prior work experience in inventory management is acceptable, preferably with e-commerce and/or retail industry.
- Ability to understand demand forecasting concepts and apply knowledge on the job with strong analytical skills.
- Ability to effectively operate in a fast-paced, business-decision driving analytical environment.
- Functional knowledge of Inventory Management principles and KPIs of OTB, sell through and inventory turn rates, COGS variance, WOS, etc.
- Ability to demonstrate intermediate skill level in MS Excel, including formulating pivot tables, if statements, vlookup statements, etc.
- Ability to demonstrate a basic skill level in utilizing reporting/data of various Inventory Management and Business Intelligence tools, such as Tableau, to run reports online and build basic report queries.
- Passionate about working with business partners to identify opportunities, driving business decisions with data and analysis.
- Proactive, self-directed, strategic, and tactical with an intellectual curiosity for analyzing and interpreting information.
- Strong communication skills with the ability to interact collaboratively and influence others without authority.
FULLBEAUTY Brands™ is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability or protected veteran status.
