What are the responsibilities and job description for the Inventory Analyst position at EVERGREEN?
Job Details
Description
Evergreen respects and celebrates the uniqueness in everyone by offering one of the most extensive selections of home and garden décor worldwide. This selection empowers both retailers and consumers to express their unique identities and forge significant connections with others.
We are a cohesive team of collaborators, learners, and listeners, deeply committed to our retail partners. Leading the industry, we set trends with our in-house creative and product development team based in Richmond, VA. Supported by a dedicated sales team and a 20,000 square foot cutting-edge showroom, we introduce market-desired programs and products that enable retailers to deliver an unparalleled in-store shopping experience for their customers. To increase our shipping productivity, we have implemented AMR (autonomous mobile robots) in our pick & pack warehouse facility.
We are currently seeking a detail-oriented and proactive Inventory Analyst to join our Importing team. In this role, you will support the Product Managers by planning item sales, managing inventory, and coordinating purchasing activities across multiple business channels, including wholesale, catalog, and web retail. You will play a crucial role in analyzing SKU performance, forecasting inventory needs, and fostering productive relationships with vendors to ensure timely and cost-effective procurement.
RESPONSIBILITIES
- Inventory Management: Oversee and manage a portfolio of 3,000 SKUs, ensuring accurate monitoring, review, and optimization of inventory levels.
- SKU Performance & Analysis: Conduct in-depth performance analysis of products, create SKU plans, and collaborate with Product Development to identify opportunities for new product introductions in future cycles.
- Strategic Planning: Participate in strategic product planning sessions with the Product Development team, contributing insights on sales trends and inventory performance.
- Forecasting & Order Management: Develop sales forecasts, evaluate current inventory positions, and initiate actions to maintain optimal stock levels. Place orders and reorders with vendors to ensure timely delivery of products.
- Vendor Relations: Build and maintain strong partnerships with current and prospective vendors to ensure effective procurement and inventory management.
- Order Processing & Replenishment: Analyze and expedite orders as necessary, replenishing stock items in a timely manner to support business demand.
- Cost Negotiation: Negotiate product costs and pricing to achieve continuous cost improvements aligned with company goals.
- Vendor Issue Resolution: Handle vendor negotiations regarding discounts, expedited shipping, and extended terms. Address vendor-related issues by negotiating order releases and cancellations as needed to maintain appropriate inventory levels.
- Cost Savings Initiatives: Negotiate cost savings related to inventory control (e.g., packaging, delivery) and ensure vendor adherence to agreed terms.
- Additional Duties: Perform other related duties as assigned to support business needs.
Qualifications
- A bachelor's degree and at least 2-3 years' experience in a field related to Inventory Management or equivalent experience
- Proficient in Microsoft Office (Outlook, Word. PowerPoint and Excel).
- Experience with Microsoft Access preferred
- Experience in international purchasing preferred
- Excellent written and verbal communication skills
- Accurate and detailed oriented
- Strong sense of ownership and commitment to excellence
- Proven problem-solving skills
- Ability to manage large sets and interpret data
- Demonstrated planning, organization, and decision-making skills
- Bilingual Chinese/English preferred
