Inventory Planner

Serena & Lily; United States; On-site; USD 80,000 - 100,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

401(k) plan

PTO

Job summary

Serena & Lily is seeking an Inventory Planner to manage product forecasts and inventory for a fast-growing multi-channel retail business. You will work with Merchandising and Sourcing to align financial plans by category and support seasonal merchandise decisions.

Responsibilities include open-to-buy, in-stock management, and performance analysis to optimize margins and stock levels. Travel to HQ in Sausalito may be required.

Qualifications

• Minimum 2 years inventory management or relevant experience.
• Extensive experience in Excel.
• Four year college degree or equivalent experience required.
• Ability to travel to HQ in Sausalito, CA occasionally.

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.

Skills

Analytical skills

Problem solving

Presentation skills

Forecasting

Education

Bachelor's degree or equivalent experience

Tools

Excel

Job description

Serena & Lily is searching for a Inventory Plannerfor our fast-growing multi-channel retail business. 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 travel to HQ in Sausalito, CA occasionally

Compensation:

• $80k - 100K 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.