Inventory Strategist

Inventory Strategist

The Inventory Strategist works within Supply Chain and is responsible for partnering with merchandising and store operations to develop, implement and execute inventory strategies that maximize sales and inventory productivity for Floor & Decor. In order to maximize sales and inventory productivity, it is critical that the Strategist maintain appropriate in-stock positions in both the stores and distribution centers for all SKUs. The Strategist will work closely with merchants, stores, vendors, logistics, distribution, and the Asian souring office (ASO) to accomplish team goals.

The Strategist is responsible for creating and maintaining accurate SKU forecasts, developing the inventory & replenishment strategy, managing replenishment parameters for each SKU & location to execute the strategy, achieving targeted in-stock levels & planned inventory turns and developing recommendations to improve inventory productivity.

You'll be Successful With:

• Bachelor's degree or equivalent preferred
• Critical thinking skills to identify the strengths and weaknesses of alternative solutions
• Strong self-starter with ability to work with minimal supervision
• Must be detail-oriented and organized
• Action-oriented and accountable for responsibilities
• Ability to adapt well in a dynamic retail corporate environment
• Proficient in MS Office applications especially Excel
• DFIO forecasting and replenishment solution knowledge is a plus
• Ability to communicate effectively with all levels of management
• Possess excellent customer service skills and work well under pressure
• Strong computer skills including Microsoft Office Suite
• Ability to multi-task, meet deadlines, and work in a fast-paced environment
• Excellent verbal, written, and interpersonal skills

Your Day Consist Of:

• Develop the inventory and replenishment strategy for assigned SKUs and locations
• Participate in product line reviews and partner with merchandising and stores teams to influence the product assortment to maximize in-stocks and inventory turns
• Recommend opportunities to both merchandising and regional merchandising to adjust visual presentation settings and job size parameters to maximize inventory turns and sales
• Focus on maintaining higher in stock for Top SKUs in area of responsibility
• Keep Running Line Program SKUs in stock at each store while minimizing inventory investment in order to maximize inventory productivity
• Generate sales forecasts for new and existing items, improving accuracy over time.
• Identify root cause drivers of poor in-stocks and turnover and provide actions steps to improve results
• Partner with stores on forecast and replenishment settings as well as manual order needs.
• Produce necessary allocations and own purchase order responsibility from domestic and import vendors to keep both the distribution centers and stores in stock
• Collaborate with vendors to improve on-time and complete shipments
• Reduce discontinued inventory investment to <10% for their area of responsibility through collaboration with both merchandising and regional merchandising
• Recommend strategies to minimize inventory investment to improve Turns and ensure compliance to the company's "Open to Buy" constraints.

Working Conditions (travel & environment)

• This position is salaried, knowing it may include hours which exceed eight hours in a day or forty hours in a week.
• Occasional travel required including air and car travel
• While performing the duties of this job, the employee is frequently exposed to a warehouse environment and moving vehicles. The noise level in the work environment is typically moderate to noisy.

PHYSICAL/SENSORY REQUIREMENTS

Medium Work Ability to exert 20-50 pounds of force occasionally, and/or 10-25 pounds of force frequently, and/or greater than negligible up to 10 pounds of force constantly to lift, carry, push, pull, or otherwise move objects. The employee is often required to use their hands and fingers, to handle or feel. The employee is occasionally required to stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl.

Note: Floor & Decor considers all applicants for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, medical condition, pregnancy, marital or familial status, veteran status, or based on any other class protected by applicable federal, state, or local law. Floor & Decor also provides reasonable accommodations to qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local law.

This job description does not constitute an employment agreement between the employer and the employee and is subject to change by the employer at its sole discretion.

Benefits & Rewards

Bonus opportunities & career advancement opportunities at every level

Programs that help you reach your financial goals: 401k with company match, Employee Stock Purchase Plan, and Referral Bonus Program

Medical, Dental, Vision, Life, and other Insurance Plans (subject to eligibility criteria)

Work-life balance, including:

• Paid vacation and sick time for eligible associates
• Paid holidays plus a personal holiday
• Paid Volunteer Time Off that starts on Day 1

Equal Employment Opportunity

Floor & Decor provides equal employment opportunities to all associates and applicants without regard to age, race, color, religion or creed, national origin or ancestry, sex (including pregnancy), sexual orientation, gender, gender identity, disability, veteran status, genetic information, ethnicity, citizenship, or any other category protected by law.

This policy applies to all areas of employment, including recruitment, testing, screening, hiring, selection for training, upgrading, transfer, demotion, layoff, discipline, termination, compensation, benefits and all other privileges, terms and conditions of employment. This policy and the law prohibit employment discrimination against any associate or applicant on the basis of any legally protected status outlined above.