24 Hour Fitness, INC. Retail Planner - Temp in San Ramon, California
LOCATION 12647 Alcosta Blvd San Ramon CA 94583
This position is responsible for ensuring optimal inventory levels down to SKU that maximize sales and margin dollars. The planner partners closely with the Category Team to validate and reconcile sales forecasts that drive receipt and inventory needs. He/she must proactively and reactively execute purchases to drive high-volume promotions. Total scope of responsibilities includes pre-season planning, managing open-to-buy, SKU level rebuying for full-price and promotional business, product exit strategy, supporting in-stock goals with consistent DC inventory replenishment, and management of aged/obsolete product. In addition, this position provides analytics on category sales and inventory performance, and recommends business changes to improve financial performance and inventory productivity. The Planner role may oversee an Allocation Analyst, providing sales forecasts and data to drive allocations and to ensure the allocation strategy and execution aligns with incoming purchases and business need. Planners are responsible for interfacing with the Logistics Manager to ensure the DC is aware of all inbound deliveries and anticipated material changes to inventory levels.
1. Inventory Planning and Analysis
Manages monthly forecasting and annual planning of purchases and inventory that drive pre-season plans and in-season open-to-buy merchandise forecasting.
Develops seasonal inventory budgets that support sales expectations and support turnover and margin targets at the category level.
Formally determines and executes both DC replenishment and seasonal purchase order amounts for assigned product categories.
Responsible for reviewing sales and inventory performance for all assigned categories.
Responsible for collaborating with Category Management on 90 day rolling sales forecast at SKU and category level.
Maximizes sales through effective purchasing and inventory management activities in anticipation of forecasted demand.
Approves all open-order moves, cancellations, shortages, etc. for assigned categories.
Responsible for supporting club in-stock goals for assigned categories through effective and consistent DC inventory availability and category level turn-over budget.
Monthly reporting of key inventory metrics.
Communicates with vendors to monitor timely delivery or product.
2. Product Liquidation Management
Develops and manages exit strategies for products designated for liquidation, whether obsolete, expired, end-of-season, or poorly performing.
Ensures liquidation strategy maximizes sales and minimizes margin drain.
Publishes monthly and quarterly reviews anticipating aged/obsolete inventory exposure with recommendations to minimize risk and meet liquidation timing. Partners with Inventory Control to reconcile and minimize necessary accounting reserves.
Problem-solves issues negatively impacting liquidation with cross-functional partners -- Category Management, Inventory Control, Retail Operations, and Logistics.
3. Managing Allocation Analyst (15%)
Strategizes with Allocation Analyst on club level replenishment and event based allocation execution.
Communicates inventory management strategies and timelines to Analyst, insuring effective execution.
Problem solves issues hampering Analyst's success.
Maintains fair, positive, and open work environment.
4. Interface with Logistics
Collaborates with Logistics Project Manager on the creation of the monthly warehouse calendar of events and inbound volume estimates for assigned categories.
Proactively coordinates with logistics team on new or special product handling needs.
5. Other Duties (10%)
Special Projects as assigned.
Ad-hoc analysis and recap.
Support for merchandising system enhancements.
Collaborate on process improvement.
REQUIRED QUALIFICATIONS :
7+ years or direct experience in Retail planning/inventory management and the fundamental skillset typically associated with a planning role.
Prior experience in allocations/store planning preferred.
Strong analytical skills and retail math skills supportive of fact-based decisions and recommendations.
Strong budgeting skills and opportunity cost case-building.
Creative problem solving skills.
Strong sense of appropriate urgency.
Highly consumer focused / driven to achieve top rate customer service.
Ability to interface and maintain excellent professional relationships with a variety of audiences to include corporate partners, field partners, and corporate retail team.
Ability to balance priorities and meet deadlines in a fast-paced and changing environment.
Must have excellent oral and written skills, including the ability to prepare and deliver succinct presentations.
Must be highly proficient with Microsoft Office Suite (Excel, Word and Power Point).
Exceptional Excel skills for analysis and planning.
Effective management of a direct report.
Ability to adjust to and manage continuous change.
Bachelor's Degree in business.
Min. 5 years direct experience in Retail merchandise planning/inventory management.
History of increasing responsibility, developing a broad base of business skills.Experience successfully partnering with category management and internal customer teams.
Occasional domestic travel. 10% of time.
Experience partnering with category management and working with cross-functional teams.
Retail planning experience in large multi-unit retail business in multiple states.
FUNCTIONAL GROUP Merchandising