Senior Associate, Supplier Inventory Management
2 months ago
Hybrid Role (4 days in the office & 1 day working from home)
At Wayfair Planning and Inventory Management, we thrive to partner with thousands of suppliers to maximize customers’ experience. This means driving speed and availability through inventory and position strategies with suppliers leveraging Wayfair’s fulfillment services (CastleGate) as well as suppliers’ own supply chain capacities.
Availability strategy is at the forefront of building an innovative, scale-able business strategy for Wayfair to support business growth. You will develop insights to influence suppliers’ product assortment, production, supply chain and operations. Other focus areas include financial analysis to support decision-making related to inventory levels, managing excess inventory, promotional inventory planning, and improving overall inventory efficiency.
We are looking for highly-motivated individuals to partner with suppliers to grow their business with Wayfair - with a focus on availability, inventory turns, and forward positioning.
**What You'll Do**
- Develop and execute strategies to optimize sales, turns, in-stock rates, and network balance
- Work cross-functionally with a variety of teams including Analytics, Category Management, and Forecasting to understand sales and market trends in your space impacting forecasts
- Create plans for replenishment orders or sell-through actions reflective of supplier goals
- Communicate with suppliers to ensure follow-through on replenishment orders and inventory commitments and to develop sustainable, long-term strategies to grow the business
- Monitor key performance indicators and drive corrective actions with suppliers and cross-functional partners
- Manage efficient inbound inventory flows and health, including forecasting, purchasing, and removing aged inventory
- Align Wayfair teams (Operations, Promotions, Category Management) to ensure strong supplier execution and to understand and manage the demand drivers impacting growth
- Support initiatives to drive improvements in the Inventory Planning systems, data, and processes
- Drive root cause analysis/reporting on inventory related issues, developing action plans and Project managing improvements
- Conduct ad hoc analysis (financial and operational) using standard scripts and reporting to access data and/or Excel to drive supplier action and support decisions
- Regularly communicate performance trends and improvement opportunities to senior management and leadership both within and outside your immediate line of reporting
**What You'll Need**
- 3+ years of experience in operations, retail, engineering, consulting, strategy or finance
- Experience with Microsoft Excel and data visualization tools required
- Strong written and verbal communication skills
- High attention to detail and proven ability to manage multiple, competing priorities simultaneously
- Preferred experience in Demand Planning, would be considered as a plus
- An entrepreneurial spirit and mindset; you must be adaptable and comfortable with change
- Team-first attitude with enthusiasm for cross-functional collaboration
**Assistance for Individuals with Disabilities**
**Need Assistance?**
- **About Wayfair Inc.
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