Inventory Planner

Serena & Lily; San Francisco (CA); Hybrid; USD 80,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) plan

Paid time off: 21 days

Seven paid holidays

Job summary

Serena & Lily is seeking an Inventory Planner for our Sausalito headquarters to manage product forecasts and inventory. The role involves collaborating with Merchandising and Sourcing to align strategic financial plans by category and to monitor performance against seasonal plans.

The candidate will analyze historical data, identify risks and opportunities, and support in-season performance tracking and profitability through optimized stock levels and clearance strategies.

Qualifications

• Minimum 2 years inventory management or related experience.
• Proficient in Excel with strong data analysis skills.
• Four-year college degree or equivalent experience required.
• Ability to work in-office on a hybrid schedule.

Responsibilities

• Oversee inventory planning and management to meet financial goals.
• Forecast and present monthly open-to-buy and lead category plans.
• Analyze historical data and trends to identify risks and opportunities.
• Collaborate with Merchandising and Sourcing on forecasts and buy plans.
• Manage in-stock levels, backorders, and turnover efficiency.
• Provide reporting and insight for leadership on inventory performance.

Skills

Analytical thinking

Excel proficiency

Presentation skills

Cross-functional collaboration

Problem solving

Education

Bachelor's degree or equivalent experience

Tools

Excel

Job description

Serena & Lily is searching for a Inventory Planner for our fast-growing multi-channel retail business at our beautiful Sausalito Headquarters. Planners are responsible for the generation and management of Serena and Lily’s product forecasts and managing inventory. You will interact on a regular basis with Merchandising and Sourcing to manage the strategic financial plans by category. Other responsibilities include analyzing historical product performance and current business trends to support seasonal merchandise/assortment planning and identifying risk and opportunities by category; conducting in-season performance tracking, reporting, and analysis; and managing processes to meet inventory and fulfillment goals.

Responsibilities

• Oversee the Instock function including ordering, capacity management, instock rates, unhealthy inventory, and reporting.
• Manage sales, gross margin, receipts and inventory to achieve company’s financial goals
• Forecast and present monthly open to buy to the leadership team and hit divisional financial plans
• Develop, execute and communicate color and size plans and inventory buys that support the merchandising, marketing and financial objectives and strategies of a category
• Collaborate with merchant team to create item level forecasts that align to our pre-season strategies
• Work with sourcing and merchant teams to manage backorders and achieve in stock goals
• Analyze historical data and current trends to identify risks and maximize sales
• Manage product life-cycle with profitable clearance strategies
• Support a collaborative, innovative, and results-oriented environment with peers and cross-functional team resulting in shared best practices

Core Competencies

• Demonstrate strong analytical and problem solving skills
• Possesses a clear understanding of financial measurements which could include: sales, gross margin, gross margin return on investment, weeks on hand, weeks of supply, etc. and how to positively impact these metrics
• Demonstrate strong presentation skills. Ability to synthesize large amounts of data into conclusions and recommendations in oral and written formats
• Collaborates with peers and cross functional partners to share best practices and develop strategic knowledge
• Flexible and energized to work in a fast changing environment
• Results focused

Qualifications

• Minimum 2 years inventory management or relevant experience
• Extensive experience in Excel
• Four year college degree or equivalent experience required
• Ability to work in-office on a hybrid schedule

Compensation

• $80k - 90K per year is theanticipated starting base pay for this role. The actual base pay is dependent upon many factors, such as: experience, education, and skills.
• Employees (and their families) are covered by medical, dental, vision, and basic life insurance should they choose to participate in Serena & Lily’s benefits. Employees can enroll in our company’s 401k plan. During the first year of employment, full-time employees accrue twenty-one days of PTO and seven paid holidays throughout the year.