Tiffany & Co

Manager, Inventory Planning

Tiffany & Co$120K — $150K *
Retail & Consumer Goods
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • 7-10 years of business experience
  • Bachelor's degree in related field
  • Experience in retail merchandise planning or replenishment
  • Excellent communication and leadership skills
  • Strong conflict resolution and negotiation abilities
  • Capability to manage multiple projects in a dynamic environment
  • Commitment to team member professional development

Responsibilities

  • Plan inventory levels based on sales forecasts and productivity goals
  • Place manufacturing orders and ensure on-time delivery
  • Project inventory for a 24-month rolling horizon
  • Collaborate with Supply Chain Teams on zonal inventory targets
  • Deliver daily inventory allocations based on sell-through data
  • Analyze new product availability and sales trends
  • Lead and inspire the team while fostering a collaborative culture

Benefits

  • Opportunities for professional growth and career development
  • Collaborative team environment
  • Participation in new business processes and technology integration
  • Involvement in innovative reporting tools and techniques
  • Dynamic working environment with varied responsibilities
Full Job Description
Job Description

Position Overview

The Manager - Inventory Planning is accountable for finished goods purchasing, safety stock planning, zonal allocations and overall inventory productivity for their specific product category. The manager's product accountability scope covers roughly $750M in sales and $220M in inventory cost. The role is responsible for driving and supporting sales globally with the right amount of product at the right time and place while balancing with healthy turn and productivity.

Key Accountabilities

Finished Goods Purchasing
• Plan target inventory levels at global and zonal level based on provided sales forecasts and inventory policies/productivity objectives.
• Place manufacturing orders with supply team and follow through on receipt timing and on-time delivery
• Project inventory landing at rolling 24-month horizon at global level
• Plan, present and justify OTB targets for purchase plans

Inventory Allocation
• Collaborate with regional Supply Chain Teams on zonal inventory/safety stock targets against given sales forecasts
• Deliver daily allocations to zones based on sell through and safety stock targets
• Analyze New Product sell through, availability and turn, adjusting for unexpected trends
• Review zone's bottoms-up inventory plans for ensure policies and turn targets are met and consolidate to plan global purchases
• Partner with distribution and logistics teams centrally and regionally to optimize lead times and manage multi-nodal shipping structure

Innovation and Analytics
• Possess strong ability to create and analyze reporting, with a focus on Power BI, to draw impactful and actionable conclusions
• Participate in workshopping new business process and platform integration for recently launched Anaplan system as subject matter expert
• Articulate business goals and process requirements while maintaining blue-sky objectivity to re-define new processes

Team Management
• Lead and inspire team, drive culture of accountability and collaboration
• Manage recruitment efforts and restructure responsibilities as necessary
• Motivate and drive career development for team members

Required Qualifications
  • 7 - 10 years business experience
  • College degree
  • Retail management experience in merchandise planning and/or replenishment planning
  • Excellent communicator with the ability to lead in a team environment
  • Excellent conflict resolution and negotiation skills
  • Ability to manage and function in a dynamic environment while handling multiple assignments
  • Ability to provide for the professional development and growth of a highly motivated and driven staff

Preferred Qualifications
  • Strong analytical skills. Familiarity with multi-product, multi-sales channel environment.
  • Knowledge of distribution operations and merchandise planning experience
  • Anaplan or other planning tool experience

The hiring range for this position ranges from $120,000 - $150,000. The rate of pay offered will be dependent upon candidates' relevant skills and experience.

About Tiffany & Co

Tiffany & Co. is a luxury jewelry and specialty retailer that sells jewelry, watches, fragrances, and accessories. The company operates in three segments: Americas, Asia-Pacific, and Europe. The Americas segment includes sales in the United States, Canada, Mexico, Brazil, and Chile. The Asia-Pacific segment includes sales in China, Japan, Australia, Singapore, and Korea. The Europe segment includes sales in the United Kingdom, Italy, Germany, and France. Tiffany & Co. is headquartered in New York, New York and operates over 300 stores worldwide.
Learn more about Tiffany & Co
Size
14,100 employees
Market Cap
$16 billion
Industry
Net Income
$287.5 million
Founded
1837
5 Year Trend
+0.8%
Revenue
$3.6 billion
NASDAQ

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