What are the responsibilities and job description for the Associate Inventory Planner position at Lowe's?
Job Summary:
The Associate Inventory Planner is responsible for developing and implementing inventory strategies for a group of product categories that support both merchandising strategies and financial objectives. Responsible for creating and implementing item level inventory plans for both Stores and Ecommerce, achieving desired in-stock levels and planned inventory turns. The Inventory Planning Analyst will work closely with cross functional teams including but not limited to merchants, vendors, transportation and distribution to deliver desired results.
Key Responsibilities:
•Responsible for implementing and maintaining item/location level inventory plans for a group of product categories
• Manage monthly forecasts cycle for product categories
• Collaborate with suppliers to ensure inventory strategies are aligned
• Partner with replenishment team to ensure proper execution of inventory plans, ensuring desired instock levels are achieved
• Monitor inventory pipeline, anticipate and proactively communicate issues, and develop mitigation plans for any pipeline gaps
• Translate strategy into tactics, enabling execution
• Drive inventory and replenishment strategies to support assigned categories including resets, promotions, events, seasonal /entry and exit, etc.
• Subject matter expert in planning / replenishment systems and thus utilize system capabilities to drive inventory to right location in the right quantity to support sales while also improving inventory productivity
• Analyzes business performance, develops insights and translates into strategies to drive sales and inventory productivity
• Monitor and report on important changes and/or challenges in a timely manner to support sales and financial objectives
Required Qualifications:
• Bachelors Degree required or equivalent combination of education and related experience
• 2 years experience in demand, merchandise planning, replenishment or a related field
Preferred Qualifications:
•Strong analytical skills
•Self-driven and highly motivated
•Approaches problems with curiosity and is solution oriented
•Strong communication skills, both written and oral
•Capability to multitask in a fast-paced environment
•Ability to work effectively within a team and build positive relationships cross-functionally
•Proficient in Microsoft Excel, MS office
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 19 million customer transactions a week in the United States and Canada. With fiscal year 2021 sales of over $96 billion, Lowe's and its related businesses operate or service nearly 2,200 home improvement and hardware stores and employ over 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
EEO Statement
Lowe's is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
The Associate Inventory Planner is responsible for developing and implementing inventory strategies for a group of product categories that support both merchandising strategies and financial objectives. Responsible for creating and implementing item level inventory plans for both Stores and Ecommerce, achieving desired in-stock levels and planned inventory turns. The Inventory Planning Analyst will work closely with cross functional teams including but not limited to merchants, vendors, transportation and distribution to deliver desired results.
Key Responsibilities:
•Responsible for implementing and maintaining item/location level inventory plans for a group of product categories
• Manage monthly forecasts cycle for product categories
• Collaborate with suppliers to ensure inventory strategies are aligned
• Partner with replenishment team to ensure proper execution of inventory plans, ensuring desired instock levels are achieved
• Monitor inventory pipeline, anticipate and proactively communicate issues, and develop mitigation plans for any pipeline gaps
• Translate strategy into tactics, enabling execution
• Drive inventory and replenishment strategies to support assigned categories including resets, promotions, events, seasonal /entry and exit, etc.
• Subject matter expert in planning / replenishment systems and thus utilize system capabilities to drive inventory to right location in the right quantity to support sales while also improving inventory productivity
• Analyzes business performance, develops insights and translates into strategies to drive sales and inventory productivity
• Monitor and report on important changes and/or challenges in a timely manner to support sales and financial objectives
Required Qualifications:
• Bachelors Degree required or equivalent combination of education and related experience
• 2 years experience in demand, merchandise planning, replenishment or a related field
Preferred Qualifications:
•Strong analytical skills
•Self-driven and highly motivated
•Approaches problems with curiosity and is solution oriented
•Strong communication skills, both written and oral
•Capability to multitask in a fast-paced environment
•Ability to work effectively within a team and build positive relationships cross-functionally
•Proficient in Microsoft Excel, MS office
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 19 million customer transactions a week in the United States and Canada. With fiscal year 2021 sales of over $96 billion, Lowe's and its related businesses operate or service nearly 2,200 home improvement and hardware stores and employ over 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
EEO Statement
Lowe's is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
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