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World Market · 1 month ago

Inventory Management Planner

CA, 1201 Marina Village Pkwy, Alameda 94501

Full-time

Hybrid

Mid, Senior Level

$115K/yr - $135K/yr

3+ years exp

World Market is a company that has been inspiring home decorators and entertainers for over 60 years with unique products sourced globally. The Inventory Management Planner will develop and manage financial plans to support merchandising strategies, oversee departmental inventory, and ensure profitability through effective planning and analysis.

Home DecorRetail

Responsibilities

Develop and manage departmental financial plans in support of merchandising strategies

Partner with merchandising in developing item/program/category strategies to support financial plans

Recommend and execute changes as needed to ensure profitability and productivity

Responsible for the professional development of the Inventory Management Analyst and/or Inventory Management Specialist

Manage the departmental annual financial plans and the OTB at the department and category level with monthly presentation to senior management

Partner with Merchant on cost to assort for core schematic, seasonal shops, and guidelines and execute appropriate buys to support

Develop pre and in season financial plans and analysis (units, sales, and margin) at the SKU, program, collection, or category level, and order corresponding quantities

Develop and manage inventory plans for shops and advertising

Manage order flow quantities to support sales, inventory, margin, DC space plans, and turn targets

Develop profitable entrance and exit strategies with merchandising for new, seasonal and core replacement programs

Responsible for forecast accuracy

Develop in season pricing strategies with appropriate margin for discontinued inventories

Develop and manage PO generation, maintenance, and vendor communication. This includes projections, timely ordering in system based on lead times, balance between DCs, and flow for shops, guidelines, and advertised goods

Be an integral partner with Visual, Merchandising, Store Operations, Vendors, Distribution Centers, and E-Commerce

Communicate assortment plan with Inventory Management Analyst to achieve appropriate inventory optimization by store level, by developing flow strategies for all product types: core, seasonal, new, and advertised goods

Direct Inventory Management Analyst to allocate appropriately to support schematic, shops, and guidelines to stay within in stock and turn goals

Direct Inventory Management Specialist in PO generation, maintenance, and vendor communication. This includes projections, timely ordering in system based on lead times, balance between DCs, and flow for shops, guidelines, and advertised goods

Qualification

Retail Planning ExperienceOTB ManagementFinancial PlanningAdvanced ExcelAnalytical SkillsSupervising ExperienceProblem-Solving SkillsCommunication SkillsOrganizational SkillsPresentation Skills