Inventory Planning Manager

New York City, NY - USA

Monthly Salary: Not Disclosed

Posted on: 30+ days ago

Vacancies: 1 Vacancy

Job Summary

Squishable is a close-knit team of designers artists pop culture-fanatics and lovers of all things adorable. Together we create the cutest cuddliest (and sometimes downright unusual) plush and lifestyle products in the world. With the millions-strong Squishable fan community cheering us on (and a lot of cupcakes coffee and karaoke) we make people say Our offices are in a sunny Soho loft in NYC and downtown Washington DC.

Job Summary: Responsible for preparing production forecasts to ensure we manufacture sufficient amounts of products to meet order demands and allocating inventory to our corporate store wholesale and eCommerce customers. Youll help strategically plan optimal inventory levels to drive sales manage inventory turnover and meet/exceed financial targets. You will analyze sales forecasts with the production and sales team to understand current demand and ensure production meets those demands. We expect our Inventory Planner to document inventory immediately and adequately communicate any production issues with upper management.

Responsibilities

Monitor inventory levels to ensure that they remain within set parameters at all times.
Coordinate inventory flow-through to each retail location.
Review stock-to-sales ratios and respond to changing trends to ensure plan sales.
Develop plans for maintaining inventory levels including determining how much inventory should be kept on hand and anticipating potential shortages while limiting inventory liability and maintaining high stock levels.
Collaborate with vendors and the sales team to analyze current trends and production needs
Manage excess inventory and determine ways to prevent overproduction. Develop top-line category and SKU-level inventory plans that drive growth and adhere to financial budgets.
Issue POs accurately and on time and work closely with Supply Chain/Ops to ensure that inbound receipts are tracked and accounted for in sales plans.
Provide rolling order forecasts to suppliers and rolling receipt forecasts to Finance making recommendations along the way to ensure financial goals are met.
Provide end-of-month and ad hoc reporting and analysis of sales trends impact on inventory needs and liabilities to management.
Identify areas of operational efficiency on an ongoing basis driving continuous improvement of the end-to-end planning process.
Forecast future inventory based on historical buys recurring buys and current inventory levels.
Assists the Finance Department with audits inventory control and reconciliations.
Develop policies and procedures for inventory management including how to handle damaged goods.
Recommend improvements to inventory management systems based on past results.
Partner closely with the operations and internal supply chain department to ensure timely delivery to our warehouses.
Manage the integrity of information related to inventory levels (Surplus/Dead/Stocked and Non Stocked).
Serve and protect the internal and external customer base with inventory-related subjects
Manages the inventory tracking system to record deliveries shipments and stock levels.

Skills and Qualifications

Bachelors degree in logistics or a relevant field
3-5 years of relevant experience in inventory control planning
Certification in Production and Inventory Management (CPIM) or similar is preferred.
Advanced Excel/modeling and presentation skills
Firm grasp of retail math and inventory concepts
NetSuite experience is a plus
Excellent communication skills to express ideas and concepts verbally visually and in writing
Attention to detail

New Yorkbased candidates preferred; remote consideration available for exceptional candidates.

Benefits/ Perks:

The annual salary range for the position is $85000 - $105000
100% employer paid health insurance
100% employer paid short and long-term disability insurance
100% employer paid life insurance
Affordable vision and dental insurance
18 days of PTO per year plus 2 floating holidays
401k with employer matching
Generous employee discount (hello giant plush!)

A fun creative and welcoming workplace where your voice matters!

At Inc. we value celebrate and support diversity and inclusivity across our community and we are proud to be an Equal Opportunity Employer. We are committed to building a team that represents a variety of backgrounds perspectives and skillsets. We do not discriminate against any applicants race color religion sex gender identity gender expression sexual orientation national origin age disability or veteran status.

CCPA disclosure notice here.

Required Experience:

Manager

Responsibilities

Monitor inventory levels to ensure that they remain within set parameters at all times.
Coordinate inventory flow-through to each retail location.
Review stock-to-sales ratios and respond to changing trends to ensure plan sales.
Develop plans for maintaining inventory levels including determining how much inventory should be kept on hand and anticipating potential shortages while limiting inventory liability and maintaining high stock levels.
Collaborate with vendors and the sales team to analyze current trends and production needs
Manage excess inventory and determine ways to prevent overproduction. Develop top-line category and SKU-level inventory plans that drive growth and adhere to financial budgets.
Issue POs accurately and on time and work closely with Supply Chain/Ops to ensure that inbound receipts are tracked and accounted for in sales plans.
Provide rolling order forecasts to suppliers and rolling receipt forecasts to Finance making recommendations along the way to ensure financial goals are met.
Provide end-of-month and ad hoc reporting and analysis of sales trends impact on inventory needs and liabilities to management.
Identify areas of operational efficiency on an ongoing basis driving continuous improvement of the end-to-end planning process.
Forecast future inventory based on historical buys recurring buys and current inventory levels.
Assists the Finance Department with audits inventory control and reconciliations.
Develop policies and procedures for inventory management including how to handle damaged goods.
Recommend improvements to inventory management systems based on past results.
Partner closely with the operations and internal supply chain department to ensure timely delivery to our warehouses.
Manage the integrity of information related to inventory levels (Surplus/Dead/Stocked and Non Stocked).
Serve and protect the internal and external customer base with inventory-related subjects
Manages the inventory tracking system to record deliveries shipments and stock levels.

Skills and Qualifications

Bachelors degree in logistics or a relevant field
3-5 years of relevant experience in inventory control planning
Certification in Production and Inventory Management (CPIM) or similar is preferred.
Advanced Excel/modeling and presentation skills
Firm grasp of retail math and inventory concepts
NetSuite experience is a plus
Excellent communication skills to express ideas and concepts verbally visually and in writing
Attention to detail

New Yorkbased candidates preferred; remote consideration available for exceptional candidates.

Benefits/ Perks: