Inventory Planner

Standard Textile Co., Inc. in; Cincinnati (OH); Hybrid; USD 70,000 - 90,000; Full time

Benefits offered by this job

Hybrid work

Career growth

Medical benefits

Parental leave

Bereavement leave

401k with match

Dress for Your Day

Product discount

Job summary

Standard Textile is seeking an Inventory Planner (Finance) to oversee inventory planning and optimization, ensuring product availability and efficient investment. You will collaborate with Sales, Operations, Customer Service, Procurement, and Supply Chain teams to manage risks and drive process improvements that enhance service levels.

The role focuses on monitoring inventory, transfers, and replenishment, while maintaining planning accuracy and supporting forecasting activities.

Qualifications

• Bachelor's degree or equivalent experience (2-5 years)
• Proficiency in spreadsheets, especially Excel
• Experience in inventory planning, supply chain planning, demand planning, replenishment, or related analytics
• Strong understanding of inventory management principles and capacity management
• Experience with Oracle Fusion and Salesforce preferred
• Proven analytical and problem-solving skills with data-driven recommendations
• Ability to monitor KPIs like backorders, utilization, and fulfillment
• Attention to detail and cross-functional collaboration skills

Responsibilities

• Manage inventory levels across distribution centers to maintain product availability.
• Reduce backorder risk through proactive planning and replenishment.
• Analyze imbalances and execute transfers to improve availability and service levels.
• Monitor distribution center capacity and optimize storage usage.
• Review inventory positioning to improve order fulfillment and reduce wrong shipments.
• Maintain planning parameters and master data for accuracy.
• Oversee replenishment for consignment accounts.
• Develop risk mitigation plans for backorders, capacity, and slow-moving stock.
• Create inventory performance reports and KPI scorecards for business decisions.
• Collaborate with Sales, Operations, Customer Service, Procurement and Supply Chain to resolve issues and improve planning.
• Lead continuous improvement initiatives for inventory optimization and service levels.
• Prepare monthly reports and participate in strategic supply chain projects.

Skills

Inventory planning

Forecasting

Excel

Data analysis

Team collaboration

Education

Bachelor's degree or equivalent experience

Tools

Oracle Fusion

Salesforce

Job description

Inventory Planner (Finance)

At Standard Textile, we're dedicated to providing comfort and care across generations. Guided by our values, we focus on solutions that serve our customers, support our associates, and strengthen our communities. Since 1940, we've remained committed to creating better textiles-delivered seamlessly by experts who care.

The Inventory Planner oversees inventory planning and optimization to ensure product availability, efficient inventory investment, and high service levels. Collaborates with cross-functional teams to manage inventory risks, improve distribution performance, support forecasting activities, and drive process improvements that enhance operational efficiency and customer satisfaction.

Key Responsibilities Include:

• Manage inventory levels across distribution centers to maintain optimal product availability while minimizing excess and obsolete inventory.


• Monitor and reduce backorder risk through proactive inventory planning, replenishment management, and cross-functional collaboration.


• Analyze inventory imbalances and execute inventory transfers and rebalancing strategies to improve product availability and service levels.


• Monitor distribution center capacity utilization and recommend actions to maintain efficient use of storage space while supporting operational requirements.


• Review inventory positioning across the distribution network and identify opportunities to improve order fulfillment performance and reduce Wrong DC shipments.


• Maintain and update planning parameters, master data, and inventory-related system information to ensure planning accuracy.


• Manage inventory planning and replenishment activities for consignment accounts.


• Develop inventory risk mitigation plans related to backorders, capacity constraints, inventory shortages, and slow-moving inventory.


• Create and distribute inventory performance reports, KPI scorecards, and planning analyses that support business decision-making.


• Partner with Sales, Operations, Customer Service, Procurement, and Supply Chain teams to resolve inventory issues and improve planning effectiveness.


• Lead continuous improvement initiatives focused on inventory optimization, service improvement, and process efficiency.


• Prepare reports in monthly business reviews and planning meetings to provide inventory insights, performance updates, and recommendations.


• Participate in special projects and strategic supply chain initiatives as assigned.


• Provide cross-functional backup support for team members, especially Salesforce-related processes and activities.

Qualifications Include:

• Bachelor's degree or equivalent experience (2-5 years' experience)


• Proficiency in spreadsheets (min. intermediate-level Microsoft Excel skills)


• Experience in inventory planning, supply chain planning, demand planning, replenishment, inventory control, or related analytical roles.


• Strong understanding of inventory management principles, including inventory balancing, replenishment planning, safety stock, inventory turns, and capacity management.


• Experience working with inventory management, or planning systems; Oracle Fusion and Salesforce experience preferred.


• Proven analytical and problem-solving skills with the ability to identify inventory risks, evaluate data, and develop actionable recommendations.


• Demonstrated ability to manage key performance metrics such as backorder reduction, inventory utilization, order fulfillment performance, and inventory positioning


• Strong attention to detail with a commitment to maintaining accurate planning data, inventory records, and reporting.


• Excellent communication and collaboration skills with the ability to build effective partnerships across Operations, Customer Service, Procurement, Manufacturing, and Supply Chain teams.


• Ability to prioritize multiple tasks, adapt to changing business conditions, and make sound decisions in a fast-paced environment.


• Ownership mentality with a proactive approach to identifying opportunities, resolving issues, and driving results.


• Continuous improvement mindset focused on improving inventory performance, reducing waste, increasing efficiency, and enhancing customer service levels.


• Demonstrated ability to influence stakeholders and lead cross-functional initiatives without direct authority.


• Strong business acumen with an understanding of the relationship between inventory investment, working capital, operational efficiency, and customer satisfaction.

Why Work at Standard Textile:

• Competitive pay with Career Growth Opportunities


• Full benefits - medical, dental, vision


• Paid Parental and Bereavement Leave


• 401k plan with company match


• \"Dress for Your Day\" (business casual) Dress Code


• Discount on Standard Textile Products


• Hybrid working environment, both onsite and remote

The hybrid schedule for this role includes in-office work on Tuesdays - Thursdays, and additional onsite days may be required during the training period. Associates are expected to be in the office during this time.

PM21

Proudly, Standard Textile has earned a title of US Best Managed Company for the sixth year running, an honor awarded by Deloitte Private and The Wall Street Journal, celebrating the exceptional achievements of American private companies and their management teams.

Standard Textile is an Equal Opportunity Employer, including Veterans and Individuals with Disabilities.

Join us!