Demand Planning & Forecasting Manager

Northern Tool + Equipment; Burnsville (MN); Hybrid; USD 90,000 - 139,000; Full time

Job summary

Northern Tool + Equipment is seeking an experienced Inventory Manager responsible for overseeing and optimizing inventory operations. This role requires strategic planning and team leadership, offering a competitive salary and comprehensive benefits. Join a company recognized as a Top Midsize Employer in 2023.

Benefits

Comprehensive Benefits Package

Competitive Pay

Flexible Work Schedule

Generous Employee Discount

Daily Pay option

Paid Holidays

Qualifications

• 7+ years of related inventory management experience in a multi-channel environment.
• 3+ years in a supervisory role with multiple direct reports.
• Strong analytical ability to interpret data.

Responsibilities

• Manage, coach, and lead inventory team.
• Optimize inventory for all channels.
• Develop and implement inventory processes.

Skills

Analytical skills

Leadership

Communication

Problem-solving

Education

Bachelor's Degree in Business Administration or Supply Chain Management

Tools

Inventory management software

Microsoft Suite

Power BI

Job description

Northern Tool + Equipment provided pay range

This range is provided by Northern Tool + Equipment. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$90,300.00/yr - $138,330.00/yr

At Northern Tool + Equipment we get up every day to serve the tradespeople who keep our country running strong and the weekend warriors who want to work like them. It’s our mission to make sure they have the right tools for the job, and an easy, hassle-free experience at our store so they can get in, get out and get on with the job at hand. Your top priority as an Inventory Manager is to effectively manage, oversee and optimize inventory operations for the organization, ensuring efficient stock management, accurate tracking, and seamless supply chain and merchandising coordination. This role requires strategic planning, data-driven decision-making, and leadership to maintain optimal inventory levels while minimizing costs, budgeted open-to-buy, and ensuring product availability across all locations and channels. Your positive, professional, roll-up-your-sleeves-to-help attitude contributes to our winning culture and makes sure we leave a lasting impression.

Key Responsibilities:

• Assist in strategic planning to optimize inventory for all channels of the organization. Able to develop a strategic vision with hands-on execution.
• Oversee and manage inventory levels across the enterprise to ensure optimal stock availability while delivering inventory reduction and other initiatives.
• Manage, coach, and lead inventory team, building a culture of accountability and driving continuous improvement of inventory planning processes.
• Develop and implement inventory processes, procedures, and business rhythms to streamline operations, build predictability and accountability for team execution.
• Determine execution approaches and develop monitoring tools and techniques (reports and KPI scorecards) to track current performance, trends, and proactive issue identification and mitigation.
• Build and manage effective business relationships with key stakeholders to ensure strong partnership, open communication, and collaboration in planning and execution of daily, weekly and monthly objectives.
• Lead/coordinate cross-functional initiatives to improve team efficiencies, drive inventory reduction, and implement cost avoidance strategies, while managing financial targets to ensure efficient product flow, inventory health, and high level of instocks for all sales channels.
• Plans, evaluate, and improve the efficiency of business processes and procedures to enhance speed, quality, efficiency and output. Identify areas of opportunity and lead process improvement initiatives to ensure the inventory team executes to the core job responsibilities.
• Excellent communication and collaboration skills. Ability to work cross functionally and influence using data analytics.
• Proficiency with inventory software, tools and Microsoft Suite. Leverages advanced system capabilities, leads system enhancements and ensure optimal configuration, performance and utilization of technology.

What you will bring to the table:

• Bachelor's Degree or equivalent in Business Administration, Supply Chain Management, or related field.
• 7+ years of related inventory management/merchandising experience in a multi-channel environment.
• 3+ years in a supervisory role with multiple direct reports.
• Strong analytical ability to interpret data, gain buy-in and make strategic decisions.
• Excellent leadership and communication skills to manage teams and collaborate cross-functionally.
• Strong analytical skills with a passion for using data to develop innovative, effective solutions to address business needs. Ability to execute deep dives to eliminate problems at their source.
• Integrated problem-solver, partnering across functions to deliver results.
• Proficient with inventory management software, MS Office and Power BI (or other reporting platform).
• Proven track record of implementing process improvements and driving accuracy in inventory financial reporting.
• Experience in a manufacturing setting a plus.
• Demonstrates Northern Tool + Equipment’s 12 Core Competencies.

About Us

Northern Tool + Equipment is a family business with roots stretching back three generations to Minnesota’s Iron Range, where our blue-collar work ethic and commitment to serving the people who do the tough jobs was born. Our mission is to be the best in the world at serving the professional tradespeople and those who want to work like them. With over 130 retail stores across 24 states, top national brands and global manufacturing operations designed to create our own specialized tools and equipment, we are busting our knuckles to deliver the products, prices and advice our customers need to succeed. We’re looking for people who share our blue-collar work ethic. If you’re the kind of person who likes to put your nose to the grindstone to help your customers and company succeed, we’d love to talk to you about becoming a member of our team.

Northern Tool + Equipment is proud to be recognized by Forbes as a Top Midsize Employer in 2023. We are committed to creating a workplace where your contributions are valued, and your professional growth is encouraged. When you join our team, you’ll enjoy a comprehensive and competitive compensation package that includes:

• Competitive Pay: Earn $90,300 to $138,330 annually, with your exact compensation personalized based on your skills, experience, and location. We believe in rewarding top talent with pay that reflects your value.
• Variable Pay: Variable pay is a component of compensation that can fluctuate based on performance, results, or specific metrics, rather than being a fixed amount like a salary. Annual bonus tied to company performance are paid annually. Incentive plans tied to an achievement-based outcome are generally paid monthly to quarterly.
• The NTE AIP plan pay ranges from 5% to 100% of base salary. Eligibility is based on grade and roles that manage performance. Eligibility and payouts are outlined in the NTE AIP policy.
• Flexible Work Schedule: Achieve the work-life balance you deserve with our full-time, 8-hour shifts, Monday – Friday, complemented by a hybrid work schedule that allows you to work both remotely and in the office.
• Comprehensive Benefits Package: Your health and well-being are our priority. We offer a variety of health plans, so you can choose what best fits your needs. Employees working 30+ hours per week enjoy a robust benefits package, including medical, dental, vision, and a 401(k) plan with an enhanced company match to support your financial future.
• Generous Employee Discount: Love our products? So do we! Enjoy a significant discount on the quality tools and equipment we offer, helping you save on the items you love to use.
• Get Paid on Your Terms: With our Daily Pay option, you don’t have to wait for payday—access your earnings whenever you need them for added financial flexibility.
• Paid Holidays: Take time to relax and recharge with 7 paid federal holidays, because we know how important it is to have time for yourself and your loved ones.
• Incentives: Be rewarded for eligible incentive programs.

When you join Northern Tool + Equipment, you're not just starting a job—you're joining a community that supports your success. Come be a part of a team where your skills, dedication, and passion are recognized and celebrated. Your future starts here!

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Supply Chain and Purchasing

• Industries

  Retail

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