Overview
Our team of inventory planning analysts at Room & Board lead the planning and management of inventory that is critical in supporting our customer experience. We are in the midst of evolving all of our systems, tools, and processes related to inventory forecasting and planning – the person who takes this role will join us in this work and have the opportunity to shape the future of inventory management at Room & Board.
As an Inventory Planning Analyst, you will partner directly with vendors and across the internal product team to actively monitor sales, proactively manage inventory and margin health, develop key vendor capacity plans, and provide data and insights to help inform key business decisions. Additionally, this role partners closely across the Procurement & Operations team to monitor and troubleshoot product availability and vendor performance concerns.
Location - Our Central Office in Golden Valley, MN4600 Olson Memorial HighwayGolden Valley, MN 55422
This is a hybrid role working 2 to 3 days in the office.
As a Inventory Planning Analyst, you will share your talents with us in the following ways:
- Bring an eye for details in managing and executing the order writing process for assigned vendors to achieve fulfillment goals while maintaining optimal inventory levels
- Ability to think strategically in creating and proactively managing short- and long-term inventory plans/forecasts that reflect changing sales trends, seasonality, store presentation needs, and vendor performance variables
- Partner with Procurement & Operations Director and Vendor & Product Managers to develop, implement, and support capacity plans for key vendors
- Develop and maintain strong vendor relationships while taking the lead on conversations regarding optimal receipt flow and sales trend changes, ensuring production plans are in place to support fluctuations in demand
- Proactively communicate with Order & Vendor Operations Specialists regarding backordered items while actively supporting their work on lead time and product availability opportunities
- Lead the development and execution of inventory, pricing, and margin plans for assigned vendors and categories with support and partnership from others
- Analyze, identify, and share opportunities to improve on key metrics while protecting vendor health and the customer experience
- Responsible for proofing and maintaining all purchasing data including costing and retails
- Involvement in prioritized projects and cross-functional efforts as assigned
The experience and attributes you’ll bring as an Inventory Planning Analyst:
- 3 years of inventory planning/forecasting experience with a strong us understanding of inventory measures (e.g. turnover, margin, profit). Experience working within a retail environment considered a plus.
- Alignment with Room and Board’s guiding principles and philosophies and staff member attributes
- Understands the impact of actions on customers, company success, internal partners and vendors
- Analytical mindset - the ability to collect, organize, and leverage available data to assess and understand issues, evaluate options, and form accurate conclusions/action plans
- Advanced MS Excel skills with the thirst to learn new tools to enhance our work
- Prior experience with procurement/inventory systems/tools
- Familiarity with SAP a plus
- Excellent verbal and written communication skills
- Highly organized with strong prioritization and multi-tasking skills
- Ability to think broadly and while maintaining high attention to detail
- Solution oriented problem solver
- Self-directed, autonomous, and assertive
- Exhibits the confidence, initiative, and ownership to assume a broad level of responsibility
- Proven ability to effectively challenge others both internal and external to the organization
What you find working here:
- Salary: $75000 - $85000 / year
- You’ll join a team of 15± smart, authentic, and fun procurement and operations professionals dedicated to building challenging, rewarding, and positive career experience. Collectively we bring a variety of backgrounds, experiences, and strengths to our shared work offering ample opportunity to contribute, learn, and grow on our team.
- Our compensation, progressive benefits and unique workspaces are designed collectively to support the physical, financial and emotional well-being of our staff and their families. You’ll receive a competitive salary and a comprehensive benefits package including three weeks of paid vacation, generous 401(k) match, profit sharing, and more. Learn more by visiting our Benefits & Wellbeing page.
- An established and progressive company celebrating 40 years with a culture rooted in mutual respect, trust and accountability. Our collaborative spirit leaves little room for bureaucracy and cumbersome rules; instead we keep it simple, take accountability, solve problems and ultimately trust others to do the right thing. Committed to American-made products and sustainability. Learn more about our work culture at roomandboard.com/careers.
Room & Board is a place where people can flourish because they can be themselves. We celebrate our differences, including our beliefs and cultural traditions as well as all the life experiences that define us. We build common ground through understanding and shared experiences.
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