Sr Inventory Analyst
Sr Inventory Analyst
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Job Description
As a Fortune 50 company with more than 400000 team members worldwide Target is an iconic brand and one of Americas leading retailers. Target in India operates as a fully integrated part of Targets global team and has more than 4000 team members supporting the companys global strategy and operations.
PRIMARY FUNCTION
As part of the F&B Inventory Management team your daily deliverables you will be expected to:
- Lead assignments and participate in projects for specific department or pyramids.
- Determine approach to work and course correct based on changing objectives / strategies.
- Requires indepth knowledge of business function and upstream/downstream impact of work to related job families.
- Strong analytical approach to identify opportunities and problem solve and bridge the gap.
- Effective communication with peers partners and leaders
- Provides business specific coaching & mentoring to others in the department or immediate team.
You will be tasked on optimizing inventory for multiple divisions or pyramid and will be accountable for metrics goverened by key business functions such as promotions forecasting and allocation of inventory. Driving and achieving business goals through collaboration with MPLS counterpartsCFTs and your leader will be key to this role.
PRINCIPLE DUTIES AND RESPONSIBILITIES
Forecast Accuracy: own measure and improve the forecast accuracy of inventory for various categories of business leveraging various forecasting techniques. You will be responsible to create processes tools and routines that will enable continuous improve of the key metrics.
Integrated Demand Planning: partner with Demand Planners to create/elevate a capability that ensures accurate forecasting and inventory health for your business. Strong understanding of financial and Supply chain metrics to enable regular checkins and consensus on tops down and bottoms up forecasting
Promo Management: Partner with Planners and PPCoE to manage inventory through accurate promo forecasting and rectifying all relevant components to achieve department instock goals. Set promo levers in Replenishment systems advise risk to AD OOS and communicate store level risk/overstock.
Out Strategy Management: Perform End Of Season analysis monitor and take actions to reduce lumpy inventory through markdowns decoding pushing and salvage.
Allocation: Maintain instock goals through effective product distribution. Analyze sales history and trend to maximize sales potential by developing allocation strategies that maintain proper store inventory levels.
Historical Analysis: Analyze and summarize business performance of product categories monitor sales inventory margin and other factors impacting Instocks & profitability.
Managing Operation: End to end ownership of categories. Ownership of business and operational metric for the team weekly recaps and work allocation in the team. You will be also tasked with driving the business review meeting in close collaboration with your leader.
Execute Strategies: Execute strategies to drive supply chain initiates to support alternative forms of fulfilment
Leader Backup: As a senior team member you are expected to be the operational leader for the team in the absence of leader.
Communication: Ensure timely and proactive communication with key stakeholders such as Planner and Inventory Analysts at Target India and Minneapolis. Strong global partnership and communication with key partners Sr. Inventory managers and is also key to this role as you will lead various workstream initiatives and CFTs. You will also lead MBR and QBR discussion with the team and key stakeholders.
Mentoring and Onboarding: As subject matter experts train and mentor new team members.
Special Projects/Pilots: Participate in cross functional and other special projects impacting business strategies.
Process Captainship : Drive operational excellence in assigned processes through effective partnership with relevant stakeholders.
REPORTING/WORKING RELATIONSHIPS
Reports to Manager. Works closely with Planners and Inventory Management teams in Minneapolis and other teams as necessary.
JOB REQUIREMENTS
MINIMUM REQUIREMENTS:
- Graduate/PG with 5 to 7 years of relevant work experience. Relevant experience in retail industry with working knowledge in supply chain specifically in the Demand Forecasting/Planning and Inventory Management domain for CPG/FMCG businesses.
- Analytical modelling problem solving skills and knowledge on forecasting
- Data management and interpretation using statistical concepts
- Strong planning and operational skills
- Ability to communicate clearly and effectively
- Proficiency in excel and good knowledge of other MS Office tools
- SQL data aggregation and visualization(dashboards)
- Assertiveness and strong initiative
- Ability to work well with others and contribute to a positive environment.
- Ability to train and guide others
- Highly motivated and committed to the development of highquality work
Desired:
- Knowledge of R Python and Team management skills
Required Experience:
Senior IC
Employment Type
Full-Time
