Inventory Planner, Kids Decorative Accessories - West Elm

Pottery Barn Kids; New York (NY); Hybrid; USD 80,000 - 90,000; Full time

Benefits offered by this job

Generous discount on all WSI brands

401(k) plan

Paid vacations

Health benefits

Tax-free commuter benefits

Wellness program

Job summary

Pottery Barn Kids is seeking an Inventory Manager in Brooklyn, New York, responsible for driving inventory strategy and managing sales forecasts. You will work on-site Monday through Thursday, with the option for remote work on Fridays.

The role requires at least 2 years of inventory management experience in retail and offers a salary range of $80,000 to $90,000 annually, along with various benefits including health insurance and a generous employee discount.

Qualifications

• Minimum 2 years of experience in inventory management in retail.
• Strong business acumen and financial analysis skills.
• Ability to work in a fast-paced environment.

Responsibilities

• Manage a department through the entire product life cycle.
• Partner with Merchants to create pre-season sales plans.
• Manage open to buy forecasts for sales and margin.

Skills

Inventory management

Financial analysis

Communication

Technical skills

Open-to-buy forecasting

Job description

Essential Functions

The Planning organization is responsible for the strategic planning of inventory positions to drive sales, manage inventory turn, and deliver profit objectives. Inventory leaders are innovators, optimizers and problem solvers who are constantly seeking opportunities to move the business forward. This role requires being onsite in our Brooklyn office Monday through Thursday, and remote option on Friday.

Plan and manage a department through the entire product life cycle:

• Partner with Merchants to create pre-season, item-level sales plans that align with the product rankings, merchandising strategies, and tops-down financial goals
• Present plans at investment review
• Manage monthly open to buy forecasts to drive sales and margin
• Manage inventory levels and turn targets
• Forecast and review buys and replenishment by SKU to maintain optimal inventory flow
• Utilize planning software to forecast sales and manage replenishment
• Partner with the Inventory Distribution team to develop allocation strategies and with E-commerce team on site merchandising opportunities
• Identify potential inventory liabilities and take action to maintain inventory targets
• Determine item level order quantities and flow strategies and partner with the Supply Chain Coordinator to ensure timely and accurate execution of purchase orders
• Determine markdown and end-of-life disposition strategy for non-go forward product

Key In This Role

• Build a relationship with Merchant counterparts and partner to develop financial merchandise plans by department
• Identify opportunities to drive the top line
• The ability to analyze the business day to day through reading and reacting to trends, and communicate actions to take
• Develop and provide appropriate business analysis to influence purchases and assortment strategies
• Be an integral partner with Visual, Store Operations, Sourcing, and the Distributions Centers
• Act like an owner, being the expert on everything relating to the sales, inventory and margin of your department

You

• Have a desire and willingness to work collaboratively in a group
• Have an innate willingness to dig in and contribute with your team
• Are driven and motivated by the possibilities ahead
• Are a true business owner, comfortable with decision making and taking calculated risk for the benefit of your business
• Think innovation is critical in a business environment and support others in creative thinking
• Pride yourself on the quality of work and are a stickler for the details
• Naturally challenge yourself and others to grow.

Qualifications

• Minimum 2 years of experience in inventory management in retail
• Strong business acumen, financial analysis, and technical skills
• Experience with open-to-buy forecasting
• Ability to work in a fast-paced entrepreneurial environmentSuperior written, communication, presentation, and listening skills

Benefits

• A generous discount on all WSI brands
• A 401(k) plan and other investment opportunities
• Paid vacations, holidays, and time off to volunteer
• Health benefits, dental and vision insurance, including same-sex domestic partner benefits
• Tax-free commuter benefits
• A wellness program that supports your physical, financial and emotional health

This role is not eligible for relocation assistance.

The expected starting pay range for this position is $80,000 - $90,000 annually. Applicable pay ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. In addition to competitive pay, compensation may include a variety of other components like benefits, paid time off, merit, and bonus opportunities.

Williams-Sonoma, Inc. is an Equal Opportunity Employer. Williams-Sonoma, Inc. will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance, or other applicable state or local laws and ordinances.