Careers at Bob’s Discount Furniture

Senior Inventory Planning Analyst in Manchester, CT at Bob's Discount Furniture

Date Posted: 5/28/2019

Job Snapshot

  • Employee Type:
    Full-Time
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    5/28/2019

Job Description

Senior Inventory Planning Analyst

Senior Inventory Planning Analyst within the Bob’s Discount Furniture organization plays a vital role by assuring that we have optimum inventory levels and availability by performing strategic analysis and recommendations for optimization strategies.

The primary function and responsibility of this position is for category inventory management across Bob’s Discount Furniture inventory replenishment network. Responsible for analytics and replenishment strategies, executing article transitions, maintaining network balance through parameters, and collaborating with internal and external cross functional partners

Responsibilities

  • Leverages SAP and other systems to execute “day to day” inventory control, in order to consistently achieve fill rates while minimizing inventory weeks of supply on hand across the global supply chain. Identifies and prioritizes root causes of fill rate issues and excess inventory, and drives corrective actions and control mechanisms across cross-functional teams
  • Utilizes and monitors exception reports and daily analytics for all business metrics; taking appropriate and timely action to prevent stock outs, minimize weeks of supply, and expedite delivery to fill potential backorders.
  • Develops and executes inventory strategy for new articles introductions, discontinued articles reductions and dispositions, customer-specific inventory positions, direct import article sets, and seasonal inventory requirements. Audits article master data (e.g., units of measure, vendor article number, case quantity, dimensions, etc.) to ensure accuracy.
  • Partners with Replenishment and Merchandising teams to proactively identify fill rate and excess inventory issues, and execute respective corrective actions as needed.
  • Partners with Merchandising, Supply Chain and Finance Management to align inventory system controls (minimum order quantities, min/max, safety stock, velocity rankings) with business objectives. Analyzes and communicates impact of proposed changes
  • Manages supplier relations and partners with supplier to address fill rate, lead time, damaged in-transit issues and supplier return. Partners with Replenishment Management and Supply Chain Management to create import orders based on containerization requirements while optimizing opportunities for reduced safety stock and lead times.
  • Collaborates with Merchandising, Sales, Marketing, Supply Chain,  Inventory, and Finance to incorporate the on-boarding of new products, retirement of old products, customer-specific inventory requirements, regulatory changes, and promotions into the demand planning process and recommendations.
  • Supports and executes aged, obsolete and excess inventory reduction strategies – return to vendor, liquidation, outlet strategies (online and brick / mortar), transfers, trash, liquidation, donation, etc. Analyzes forward buys to reduce exposure to excess inventory on hand.

Required Qualifications

  • Bachelor’s degree or equivalent in related discipline
  • Solid product knowledge of all lines of furniture and accessories
  • Full understanding and competence on SAP, Demand Solutions,  and other applicable tools
  • Experience with Microsoft Office Suite – to include Excel, Word and access in particular
  • Maximize in-stock levels while meeting the product turns expectations
  • Excellent communication skills- both verbal and written
  • Strong listening skills
  • Self-directed individual who can work independently and yet collaborate with team members cross-functionally as necessary.  Work review typically involves periodic review of output by supervisor and/or direct "customers" of the process
  • Strong negotiation, analytical and problem-solving skills
  • Excellent mathematical reasoning -- The ability to understand and analyze sales numbers and inventory management principles
  • Excellent time management skills -- Managing one's own time and the time of others
  • Ability to use critical thinking -- Using logic and analysis to identify the strengths and weaknesses of different approaches
  • Demonstrated skill in data analysis techniques by resolving missing/incomplete information, inconsistencies/anomalies in more complex research/data
  • May provide general guidance/direction to or train junior level support personnel or professional personnel

Preferred Qualifications

  • Preferred Bachelor’s degree in Logistics, Industrial Engineering, Information Systems, Inventory Management, Supply Chain Management or Transportation
  • Minimum 3 years’ experience in inventory planning, supply chain, and forecasting analytics
  • Demonstrated capabilities working on large scale inventory initiatives
  • Management experience preferred

Bob’s Discount Furniture is proud to be an Equal Opportunity Employer and is committed to reasonably accommodating qualified persons with disabilities to enable them to perform the essential duties of their position.