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Flower Mound

    Senior Inventory Analyst - Flower Mound, United States - Mythirtyone

    Mythirtyone
    Mythirtyone Flower Mound, United States

    1 week ago

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    Description

    ** Senior Inventory Analyst**

    **Job Category****:** Merchandise Planning **Requisition Number****:** SENIO001176 Showing 1 location **Job Details**

    **Description**

    The Senior Inventory Analyst (SIA) coordinates the development, communication and execution of the inventory strategies that support the overall Thirty-One Gifts financial & merchandise strategies. The SIA is responsible for ensuring that the product from consultant/party/customer orders is available at the time of ordering. In partnership with the Director of Merchandise and Inventory Planning, the SIA will drive financial results that maximize sales, inventory turns and bottom-line profitability through analysis. Cross-functionally works with Planning, Merchandise, Finance, Communication and DC Operation teams. This position will be responsible for supervising, leading and training an Inventory & Control Analyst.

    **We are currently working in a remote status (work from home)** ***however candidates need to be located in the Columbus metro or DFW area*** **and be able to commute to the office for meetings and as needed to support our business partners.**

    Establish best practices, process/system optimization, talent building and collaboration to drive short- and long-term strategies impacting assortment and buys.

    + Identify metrics to track success of inventory initiatives (forecast accuracy, in stock rate, carrying cost related to buy strategy)

    Analyzes inventory availability at the SKU level for current and future periods.

    + Analyze daily and weekly inventory issues by proactively solving issues related to potential risks due to possible backorders or stop sell. Develop creative solutions to protect the business.

    + Provide purchase recommendations for reorders and initial season buys

    + Problem solve with cross-functional partners to resolve internal or external issues which affect inventory flow & proactively address constraints with the business.

    + Partner with logistics team to recommend shipping mode changes, as needed, to protect the business from sales loss and out of stocks. Present cost implications to business partners for approval.

    + Monitor excess inventory and develop a liquidation strategy while supporting the overall business KPIs.

    + Suggests modifications to merchandise plans regarding reorders and disposition of old and seasonal merchandise.

    + Quantifies sales loss or cost gain based on backorders or stop sells. Creates appropriate backorder/stop sell documentation and communications for appropriate management and consultants.

    + Develop ad hoc business reports to support overall strategy/hindsight.

    Manage the weekly Open to Buy (OTB) process by developing sales, receipt, and inventory forecasts and reports performance and issues.

    + Maintains in-season allocation/inventory responsibilities including shortage management, transportation escalation, product substitutions, and receipt prioritization.

    + Project season end inventory levels by disposition attribute. Identify to business partner differences to current plan.

    Develop seasonal buy strategy based on overall company and product strategy.

    + Partner with Finance regarding the monthly inventory targets.

    + Establish a read and react plan in partnership with product, vendors and operations

    + Develop a Long Lead Component process in conjunction with our vendors to improve read and react capabilities.

    + Manage component liability tracking process with our partners

    Consistently demonstrate curiosity to drive continuous improvement to processes and practices.

    Assist and develop Inventory & Control Analyst

    **Requirements:**

    Bachelors degree preferred

    3+ years of experience in analytics, strategy and/or inventory management in retail or direct selling environment

    Experience in delivering departmental goals and objectives

    Ability to work in a dynamic fast paced environment

    Demonstrated BI and reporting skills, including some experience with SQL, R, Python or similar statistical tools.

    Strong analytics, predictive modeling, statistics, and data visualization

    Strong creative problem-solving and communication skills for both technical and non-technical audiences

    Working knowledge of Microsoft Office Tools, Advanced Excel & MicroStrategy

    Continuous improvement oriented.

    **Qualifications**

    **Skills**

    **Behaviors**

    **:**

    **Motivations**

    **:**

    **Education**

    **Experience**

    **Licenses & Certifications**

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