Job Description
The Planning organization is responsible for the strategic planning of inventory positions to drive sales, manage inventory turn, and deliver profit objectives. Inventory leaders are innovators, optimizers and problem solvers who are constantly seeking opportunities to move the business forward. We seek a candidate who loves using data to tell the story and a team player who goes above and beyond. The successful candidate will be curious, motivated and will think outside the box, challenging the status quo. This role requires being onsite in our Brooklyn office Monday through Thursday, and remote option on Friday.
Essential Functions:
Plan and manage a department through the entire product life cycle:
* Partner with Merchants to create pre-season, item-level sales plans that align with the product rankings, merchandising strategies, and tops-down financial goals
* Present plans at investment review
* Manage monthly open to buy forecasts to drive sales and margin
* Manage inventory levels and turn targets
* Forecast and review buys and replenishment by SKU to maintain optimal inventory flow
* Utilize planning software to forecast sales and manage replenishment
* Partner with the Inventory Distribution team to develop allocation strategies and with E-commerce team on site merchandising opportunities
* Identify potential inventory liabilities and take action to maintain inventory targets
*Determine item level order quantities and flow strategies and partner with the Supply Chain Coordinator to ensure timely and accurate execution of purchase orders
*Determine markdown and end-of-life disposition strategy for non-go forward product
Key in this role:
* Build a relationship with Merchant counterparts and partner to develop financial merchandise plans by department
* Identify opportunities to drive the top line
* The ability to analyze the business day to day through reading and reacting to trends, and communicate actions to take
* Develop and provide appropriate business analysis to influence purchases and assortment strategies
* Be an integral partner with Visual, Store Operations, Sourcing, and the Distributions Centers
* Act like an owner, being the expert on everything relating to the sales, inventory and margin of your department
You:
* Have a desire and willingness to work collaboratively in a group
* Have an innate willingness to dig in and contribute with your team
* Are driven and motivated by the possibilities ahead
* Are a true business owner, comfortable with decision making and taking calculated risk for the benefit of your business
* Think innovation is critical in a business environment and support others in creative thinking
* Pride yourself on the quality of work and are a stickler for the details
* Naturally challenge yourself and others to grow.
Qualifications:
* Minimum 3-4 years of experience in inventory management in retail
* Strong business acumen, financial analysis, and technical skills
* Experience with open-to-buy forecasting
* Ability to work in a fast-paced entrepreneurial environment
* Superior written, communication, presentation, and listening skills
Our Culture & Values
We believe that taking care of our people is vital to our success and we strive to offer equitable and transparent practices for all. We prioritize connection, growth, and wellbeing.
People First
Putting People First means investing in overall well-being and opportunities to grow and advance within the organization. Depending on the position and location, here are a few highlights of what benefits may be available:
Benefits
A generous discount on all WSI brands
A 401(k) plan and other investment opportunities
Paid vacations, holidays, and time off to volunteer
Health benefits, dental and vision insurance, including same-sex domestic partner benefits
Tax-free commuter benefits
A wellness program that supports your physical, financial and emotional health
Continued Learning
In-person and online learning opportunities through WSI University
Cross-brand and cross-function career opportunities
Resources for self-development
Advisor (Mentor) program
Career development workshops, learning programs, and speaker series
This role is not eligible for relocation assistance.
The expected starting pay range for this position is $71,400- $96,300. Applicable pay ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. In addition to competitive pay, compensation may include a variety of other components like benefits, paid time off, merit, and bonus opportunities.
