Director of Inventory Replenishment

Job Description

Job Description

Job Title: Director of Inventory Replenishment

Department: Purchasing

Reports To: Vice President of Purchasing

Location:   Corporate Office in Jonesboro, Arkansas

General Description: Management and administration of merchandise inventory. Optimize “in-business” position while reducing overstocks and liquidating discontinued merchandise. Manage capital invested in inventory to a level that supports sales, increases turns, and positions company for growth.

Essential Job Functions include the following, other activities may be assigned:

Develops and maintains an “open-to-buy” system in concert with buyers.

Takes active role in product reviews, participates in stock item discussions.

Visits stores to ensure replenishment is efficient and effective.

Manages capital investment in inventory to optimize both in-business position and turn-over of goods.

Publishes replenishment calendars and schedules indicating review date and frequency of review for every continuity supplier. This includes supplier direct to store, supplier direct to distribution centers, and distribution center to store products.

Administers all vendor direct purchases to stores, other than SLE items, including the monitoring and adjusting of replenishment as necessary.

Coordination with buyers and operations on all product needs to determine necessary improvements to replenishment processes.

Maintains real time supplier contacts listing, inclusive of minimum shipping needs of each.

Coordinates all distribution center replenishment to the stores once buyers determine products are ready for distribution.

Coordinates all merchandise purchases for new stores.

Reviews all merchandise distributions from distribution centers to stores, correcting as justified.

Forecast needs to support marketing schedule and orders goods to ensure in-business position.

Recommends inter-store transfers to reduce excess on-hand quantities and to balance goods as needed.

Teaming truckload vendors to reduce lead-times.

Managing goods in short supply in concert with buyers.

Production and distribution of daily and weekly replenishment reports including the inbound and out of stock reports.

Coordinates moving through obsolete or aged goods in the distribution centers.

Monitoring all goods in distribution centers to be certain pushes are working properly, and items are turned on for future replenishment.

Managing and maintaining all existing system products including the creation of new stock items.

Supervises Inventory & Replenishment Assistants.

All other duties as assigned.

Supervisory Responsibilities  

Supervises team performing inventory and replenishment functions.

Performance Behaviors To perform the job successfully, an individual should demonstrate the following performance behaviors:

Analytical – Review and integrate complex or diverse information; Collects and researches data; Uses intuition and experience to complement data.

Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals.

Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.

Quality - Demonstrates accuracy and thoroughness; Looks for ways to improve and promote quality; Applies feedback to improve performance; Monitors own work to ensure quality.

Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or Experience  

Bachelor’s degree or higher plus three to five years retail operations experience. Inventory management, forecasting, or related experience required. 

Language Skills  

Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.

Mathematical Skills  

Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.

Reasoning Ability  

Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.

Computer Skills  

To perform this job successfully, an individual should have knowledge of inventory related software; Microsoft Office Suite (intermediate to advanced knowledge of Excel).

Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is regularly required to sit and talk or hear. The employee is frequently required to stand and walk. The employee is occasionally required to reach with hands and arms; climb or balance and stoop, kneel, crouch, or crawl. The employee may occasionally lift and/or move some inventory or inventory samples. 

Requires excellent communications skills (listening and speaking), mental/visual applications for administrative work and the ability to successfully handle all or a number of job functions, at or about the same time, and be able to prioritize.

Work Environment The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this Job, the employee is occasionally exposed to moving mechanical parts and outside weather conditions. The noise level in the work environment is usually moderate.