Temporary Inventory Planning Analyst

Job Description

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:

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• Strategic Collaboration: Partner with Inventory Control supervisors to formulate and implement comprehensive inventory strategies throughout the product lifecycle, ensuring alignment with business objectives.
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• Demand Forecasting: Support 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.
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• Inventory Management: Support the management of in-season inventory by monitoring sales performance, inventory levels, markdown activity, and sell-through trends.
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• Data Interpretation: Utilize Tableau to generate and interpret exception reports for inventory management and reconciliation, facilitating data-driven decision-making across the organization.
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• Trend Analysis: Assist in developing weekly projections by monitoring sales trends across colors, sizes, and styles, and analyzing return patterns. Generate reports to help inform inventory planning and business strategies.
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• Performance Review: Assist in reviewing demand analysis reports to evaluate sales trends and item performance, providing insights that help inform future marketing and promotional strategies.
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• Operational Efficiency: Evaluate stock levels to provide insights on backorders, cancellations, and lost demand, ensuring optimal inventory flow and operational efficiency.
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• 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.
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• Backorder Management: Track and prioritize top backorder and anticipated backorder items through Lognet, expediting shipments of high-priority POs with designated coordinators.
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• 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.
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• Liquidation Oversight: Maintain overstock disposition codes and identify end-of-season overstocks for strategic turnover to liquidation channels.
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• KPI Achievement: Drive efforts to meet service KPI goals related to backorders and cancellations, ensuring operational excellence and enhanced customer satisfaction.
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MINIMUM QUALIFICATIONS:

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• 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.
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• Ability to understand demand forecasting concepts and apply knowledge on the job with strong analytical skills.
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• Ability to effectively operate in a fast-paced, business-decision driving analytical environment.
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• Functional knowledge of Inventory Management principles and KPIs of OTB, sell through and inventory turn rates, COGS variance, WOS, etc.
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• Ability to demonstrate intermediate skill level in MS Excel, including formulating pivot tables, if statements, vlookup statements, etc.
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• 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.
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• Passionate about working with business partners to identify opportunities, driving business decisions with data and analysis.
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• Proactive, self-directed, strategic, and tactical with an intellectual curiosity for analyzing and interpreting information.
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• Strong communication skills with the ability to interact collaboratively and influence others without authority.
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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.