Inventory Planner - New York, United States - Burrow
Description
** Inventory Planner**
Operations
New York, United States
** Inventory Planner**
** Job description**
**About Burrow**
Burrow designs and manufactures innovative furniture that make so much sense, people wonder why it hasnt always been this way. We utilize extensive data and research to create the most convenient and comfortable end-to-end experience for our customers, from shopping to shipping to living with to moving furniture. We sell online at and operate our own retail store in New York City. Our corporate headquarters are in New York City.
**Summary**
As Burrow continues its rapid growth, product diversification and international expansion, we are seeking a detail- and action-oriented, entrepreneurial Inventory Planner to manage demand planning and inventory management across our diverse product portfolio. This new role will be responsible for maximizing our top line revenue potential by ensuring the health of our inventory, creating appropriate order strategies that balance cash flow and inventory levels, and will develop and own the strategies to successfully expand into new products categories. As the Planner you will sit at the nexus of Merchandising, Sourcing, Operations, Finance, and Accounting, and will be the leader in driving our current and future planning strategies forward. This role reports into our VP of Operations.
**Day-to-Day Responsibilities**
Develop, maintain, and improve demand planning models to provide accurate product forecasts in an ever-changing business environment
Apply analytical tools to ensure the accuracy of forecasts and to develop strategies to reduce forecast bias
Review historical sales trends, research demand drivers, and prepare forecast data for new products and categories
Update appropriate cross functional departments including marketing, ecommerce, merchandising, customer experience, and partnerships with product availability information to align customer expectations with realistic ship dates
Work closely with sourcing, production, and external vendors team to identify, monitor, and communicate to the team any issues affecting delivery against forecasts and customer orders
Partner with finance and accounting to understand cash flow implications for forward looking purchasing strategies, and alignment of these strategies with the company revenue model
Analyze current inventory position and risks to recommend and communicate markdown and promotional strategies
Execute and transmit new product and replenishment purchase orders to suppliers
Manage special projects aligned with company strategic growth plans
** Job requirements**
Minimum 5 years retail or ecommerce planning and/or inventory management experience; experience in direct-to-consumer ecommerce a plus
Solid understanding of retail inventory metrics including; sales, inventory turn, sell through, weeks of supply, in-stock rates, and how each of these metrics impact the P&L
Advanced level Microsoft excel skills, with a knack for creative problem solving
**You in a nutshell**
Insanely curious mind, with a constant hunger for more data points
Scrappy, action-oriented executioner with an unrelenting detail-orientation and obsessive organization
Want to make an immediate and lasting impact at an early stage, fast growing brand, and is ready to dedicate their time, energy, and experience to playing a vital role in Burrows continued growth
Alignment with our core values: Customer Experience, Collaboration, Innovation