FAQs
What are the primary responsibilities of the Inventory Planner?
The Inventory Planner is responsible for finished goods purchasing, safety stock planning, zonal allocations, and overall inventory productivity for their specific product category, which includes planning inventory levels, placing manufacturing orders, and collaborating with regional teams on inventory targets.
What qualifications are required for this position?
The required qualifications include 3 - 7 years of business experience, a college degree and/or relevant business experience, retail management experience in merchandise planning and/or replenishment planning, and excellent communication and conflict resolution skills.
What advanced skills are preferred for the Inventory Planner role?
Preferred qualifications include strong analytical skills, familiarity with a multi-product, multi-sales channel environment, knowledge of distribution operations, and advanced proficiency in Excel, Power BI, or other planning applications.
How does the Inventory Planner collaborate with other teams?
The Inventory Planner collaborates with cross-functional teams such as Merchandising, Product Development, Global Assortment, and Demand Planning to ensure alignment on project goals and timelines and maintains clear communication with Zone Supply Chain partners regarding product availability.
What is the expected salary range for this position?
The hiring range for the Inventory Planner position is between $92,310 and $124,890, with the actual pay offered depending on the candidate’s relevant skills and experience.
What experience is beneficial for this role?
Experience in retail management, specifically in merchandise planning and/or replenishment planning, is beneficial for this role alongside strong analytical and negotiation skills.
Is this position focused on global sales?
Yes, the role is responsible for driving and supporting sales globally while maintaining balanced inventory across zones to optimize sales and inventory turnover.
How does the Inventory Planner handle inventory misalignment?
The Inventory Planner monitors inventory misalignment and initiates inter-zone rebalances to ensure alignment with global inventory policies and purchase plans.
What is the Inventory Planner's role in new product rollout?
The Inventory Planner is responsible for planning and executing the new product roll-out strategy, ensuring that new products are incorporated effectively into inventory management processes.
How often are inventory allocations delivered to zones?
The Inventory Planner delivers daily and weekly allocations to zones based on sell-through data and safety stock targets.