Inventory Analyst

Socket.dev; Bolingbrook (IL); On-site; USD 57,000 - 72,000; Full time

Benefits offered by this job

Paid time off

Health benefits

Dental benefits

Vision benefits

Life insurance

Disability benefits

Job summary

Ulta Beauty in Bolingbrook, IL is seeking an Inventory Analyst to optimize inventory levels across assigned brands. You will partner with Planners and Merchants to analyze data, monitor stock, and drive opportunities to meet financial and strategic goals.

Responsibilities include end-to-end product flow, purchase orders based on forecasts for replenishment, supporting decisions with analytics, and maintaining vendor relationships to ensure fill rate and on-time delivery while exceeding KPIs.

Qualifications

• Bachelor's degree in a relevant field preferred
• 1–2 years of experience in inventory, planning, merchandising, or supply chain
• Forecasting system experience preferred
• Excellent verbal and written communication
• Ability to interact professionally with internal and external stakeholders, using data to influence
• Ability to work with large data sets to identify trends and insights
• Strong organizational skills, attention to detail, and multitasking
• MS Office proficiency with strong Excel; SAP or JDA a plus
• Strong problem solving, retail math, and analytical skills
• Ability to adapt to change with a positive attitude
• Teamwork mindset and collaboration in a fast-paced environment

Responsibilities

• Contribute to inventory strategy development with Planner
• Manage end-to-end product flow for designated brands to meet financial/strategic objectives
• Place POs based on forecasts for replenishment, advertising, events, and promotions; review/adjust as needed
• Support decisions with analytics/insights to optimize sales and productivity
• Maintain vendor relationships for fill rate, on-time delivery, and omni-channel stock
• Drive sales, margins, inventory turn, and in-stock levels to exceed KPIs
• Update/Review forecasts weekly in forecasting/replenishment system
• Track product arrivals and escalate issues as needed

Skills

Data analysis

Forecasting

Communication

Attention to detail

Teamwork

Problem solving

Excel

Education

Bachelor's degree in relevant field

Tools

SAP

JDA

Job description

OVERVIEW

Discover greater levels of performance. With over 1,400 stores throughout the U.S. and an innovative omni-channel ecosystem, Ulta Beauty is revolutionizing the beauty retail experience. Ulta Beauty is expanding its digital capabilities, opening new stores on a continual basis and re-designing existing locations with the latest design and technological advancements for heightened guest experiences. We’re not just growing, we’re thriving through consistent innovation and a bold commitment to re-imagination. If you want the opportunity to build something strategic, to take ownership of your career trajectory, to apply your passion to operational excellence, Ulta Beauty provides the kind of stability and support few organizations can match. So be curious. Be flexible. Be more than you thought possible. The future is yours at Ulta Beauty.

POSITION SUMMARY:

As an Inventory Analyst, you will optimize inventory levels by managing the end-to-end product flow of assigned brands. Working closely with the Planner and Merchant, you’ll analyze data, monitor stock levels and identify opportunities for improvement to achieve the financial and strategic objectives of the business.

CORE JOB RESPONSIBILITIES:

• Contribute to the development of inventory strategies in partnership with Planner
• Manage the end-to-end flow of product for designated brands to achieve the business' financial and strategic objectives (sales, margin, turn)
• Place purchase orders based on forecasts for weekly replenishment, advertising, events, and promotions. Review and adjust POs as required
• Support business decisions with analytics/insights to optimize sales and productivity
• Maintain vendor relationships regarding inventory flow: managing fill rate, on-time delivery, and omni-channel stock management. Actively participate in weekly cross-functional team meetings.
• Drive sales, margins, inventory turn, and in-stock levels towards maintaining or exceeding KPIs
• Update and conduct reviews of forecasts for store levels within the forecasting and replenishment system each week
• Tracks and ensures products arrive on time and follows up as needed for escalations

REQUIREMENTS FOR CONSIDERATION:

• Bachelors' degree in relevant field preferred
• 1-2 years of relevant experience in inventory, planning, merchandising, or supply chain
• Merchandising expertise not required, replenishment and forecasting system experience preferred
• Demonstrated excellent verbal and written communication
• Ability to interact professionally with internal and external stakeholders, utilizing critical thinking and influencing with data
• Ability to work with large amounts of data into trends and develop accurate and actionable insights based on the data
• Exceptional organizational skills, strong attention to detail, and multi-tasking ability
• Strong Microsoft Office skills with solid proficiency in usage of Excel Working knowledge of SAP or JDA a plus
• Strong problem solving, retail math, and analytical skills
• Ability to embrace/maneuver change with a positive attitude
• Engages in continuous learning by observing Sr Inventory Analysts and Planners and openly sharing thoughts and insights with them
• Mindset that emphasizes teamwork
• Thrives in fast paced environment

The pay range for this position is $57,300.00 - $72,000.00 / Year with the opportunity for eligible associates to earn additional compensation pursuant to the Company’s bonus plan. Exact pay will be based on factors including, but not limited to relevant education, qualifications, certifications, experience, level, shift, geographic location, and business and organizational needs. Full-time positions are eligible for paid time off, health, dental, vision, life and disability benefits. Part-time positions are eligible for dental, vision, life, and disability benefits. For additional information concerning our benefits, visit our Benefits and Career Development page: https://learn.bswift.com/ulta

ABOUT

AtUlta Beauty(NASDAQ: ULTA),the possibilities are beautiful. Ulta Beauty is the largest North American beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. We bring possibilities to life through the power of beauty each and every day in our stores and online with more than 25,000 products from approximately 500 well-established and emerging beauty brands across all categories and price points, including Ulta Beauty’s own private label. Ulta Beauty also offers a full-service salon in every store featuring—hair, skin, brow, and make-up services. We will consider for employment all qualified applicants, including those with arrest records, conviction records, or other criminal histories, in a manner consistent with the requirements of any applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act.