Inventory Strategist

Floor & Decor; Atlanta (GA); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

401k match

Employee Stock Purchase Plan

Referral Bonus

Medical Insurance

Paid vacation

Paid holidays

Job summary

Floor & Decor is seeking an Inventory Strategist to partner with merchandising and store operations to develop and execute inventory strategies that maximize sales and productivity. You will maintain in-stock positions across stores and distribution centers for all SKUs, and work with merchants, stores, vendors, and the ASO to meet team goals.

Responsibilities include creating SKU forecasts, defining replenishment strategies, setting replenishment parameters by location, and driving inventory

Qualifications

• Bachelor's degree or equivalent preferred.
• Strong analytical and problem-solving abilities.
• Detail-oriented with excellent organizational skills.
• Excellent communication and collaboration across teams.
• Proficient with MS Office; Excel skills required.

Responsibilities

• Develop inventory and replenishment strategy for SKUs and locations.
• Partner with merchandising and stores to optimize in-stock levels.
• Generate SKU forecasts and adjust replenishment parameters.
• Identify drivers of stockouts and recommend corrective actions.
• Collaborate with vendors and regional teams to improve on-time shipments.

Skills

Forecasting

Replenishment

Excel

Data analysis

Supply chain

Education

Bachelor's degree or equivalent preferred

Tools

DFIO forecasting and replenishment

Job description

Purpose:The Inventory Strategist works within Supply Chain and is responsible for partnering with merchandising and store operations to develop, implement and execute inventory strategies that maximize sales and inventory productivity for Floor & Decor. In order to maximize sales and inventory productivity, it is critical that the Strategist maintain appropriate in-stock positions in both the stores and distribution centers for all SKUs. The Strategist will work closely with merchants, stores, vendors, logistics, distribution, and the Asian souring office (ASO) to accomplish team goals.The Strategist is responsible for creating and maintaining accurate SKU forecasts, developing the inventory & replenishment strategy, managing replenishment parameters for each SKU & location to execute the strategy, achieving targeted in-stock levels & planned inventory turns and developing recommendations to improve inventory productivity.Minimum Eligibility Requirements:Bachelor's degree or equivalent preferredCritical thinking skills to identify the strengths and weaknesses of alternative solutionsStrong self-starter with ability to work with minimal supervisionMust be detail-oriented and organizedAction-oriented and accountable for responsibilitiesAbility to adapt well in a dynamic retail corporate environmentProficient in MS Office applications especially ExcelDFIO forecasting and replenishment solution knowledge is a plusAbility to communicate effectively with all levels of managementPossess excellent customer service skills and work well under pressureStrong computer skills including Microsoft Office SuiteAbility to multi-task, meet deadlines, and work in a fast-paced environmentExcellent verbal, written, and interpersonal skillsEssential Job Functions:Develop the inventory and replenishment strategy for assigned SKUs and locationsParticipate in product line reviews and partner with merchandising and stores teams to influence the product assortment to maximize in-stocks and inventory turnsRecommend opportunities to both merchandising and regional merchandising to adjust visual presentation settings and job size parameters to maximize inventory turns and salesFocus on maintaining higher in stock for Top SKUs in area of responsibilityKeep Running Line Program SKUs in stock at each store while minimizing inventory investment in order to maximize inventory productivityGenerate sales forecasts for new and existing items, improving accuracy over time.Identify root cause drivers of poor in-stocks and turnover and provide actions steps to improve resultsPartner with stores on forecast and replenishment settings as well as manual order needs.Produce necessary allocations and own purchase order responsibility from domestic and import vendors to keep both the distribution centers and stores in stockCollaborate with vendors to improve on-time and complete shipmentsReduce discontinued inventory investment to <10% for their area of responsibility through collaboration with both merchandising and regional merchandisingRecommend strategies to minimize inventory investment to improve Turns and ensure compliance to the company's \"Open to Buy\" constraints.Working Conditions (travel & environment)This position is salaried, knowing it may include hours which exceed eight hours in a day or forty hours in a week.Occasional travel required including air and car travelWhile performing the duties of this job, the employee is frequently exposed to a warehouse environment and moving vehicles. The noise level in the work environment is typically moderate to noisy.PHYSICAL/SENSORY REQUIREMENTSMedium Work – Ability to exert 20-50 pounds of force occasionally, and/or 10-25 pounds of force frequently, and/or greater than negligible up to 10 pounds of force constantly to lift, carry, push, pull, or otherwise move objects. The employee is often required to use their hands and fingers, to handle or feel. The employee is occasionally required to stand, walk, reach with arms and hands, climb or balance, and to stoop, kneel, crouch or crawl.Note: Floor & Decor considers all applicants for employment without regard to race, color, religion, sex, gender identity, sexual orientation, national origin, age, disability, medical condition, pregnancy, marital or familial status, veteran status, or based on any other class protected by applicable federal, state, or local law. Floor & Decor also provides reasonable accommodations to qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local law.This job description does not constitute an employment agreement between the employer and the employee and is subject to change by the employer at its sole discretion.Benefits & RewardsBonus opportunities & career advancement opportunities at every levelPrograms that help you reach your financial goals: 401k with company match, Employee Stock Purchase Plan, and Referral Bonus ProgramMedical, Dental, Vision, Life, and other Insurance Plans (subject to eligibility criteria)Work-life balance, including:Paid vacation and sick time for eligible associatesPaid holidays plus a personal holidayPaid Volunteer Time Off that starts on Day 1Equal Employment OpportunityFloor & Decor provides equal employment opportunities to all associates and applicants without regard to age, race, color, religion or creed, national origin or ancestry, sex (including pregnancy), sexual orientation, gender, gender identity, disability, veteran status, genetic information, ethnicity, citizenship, or any other category protected by law.This policy applies to all areas of employment, including recruitment, testing, screening, hiring, selection for training, upgrading, transfer, demotion, layoff, discipline, termination, compensation, benefits and all other privileges, terms and conditions of employment. This policy and the law prohibit employment discrimination against any associate or applicant on the basis of any legally protected status outlined above.