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Inventory Planning Specialist

2 months ago

London, Greater London, United Kingdom Wolverine Worldwide Full time
Job Summary

We are seeking a highly skilled Inventory Planning Specialist to join our EMEA Inventory Planning team at Wolverine Worldwide. As a key member of our team, you will be responsible for inventory management, 18-month material level planning, and fiscal alignment for our Europe Wholesale and Europe DTC business.

Key Responsibilities
  • Inventory Optimization and Metrics
    • Execute within defined parameters the inventory asset management strategy, in units, by working within established optimized inventory, turnover goals, and Open-to-Buy (OTB) targets for assigned categories as directed by planning leadership.
  • Service, Margin, Quality
    • Execute seasonal buy programs in accordance with the buy calendar and lead times with leadership input.
    • Analyze and publish standardized reporting to sales and finance to clear out underperforming stock.
  • On-hand SKU Optimization
    • Monitor on-hand SKU counts to established KPIs, analyze SKU performance, and deliver results and recommendations to leadership for further action.
  • Forecasting
    • Build material level phased inbound forecasts at the stock number level, utilizing a good engagement with brand strategy, trend, account forecasts, competitive information, and market conditions.
    • Partner with demand planning/commercial to ensure alignment on material level forecasts and financial forecasts.
    • Manage monthly and seasonal review of forecasts, and reconcile with OTB.
  • Warehouse Planning
    • Support logistics team in planning inbounds inline with capacity, and driving efficiencies in lead-times, and costs.
  • Execution of Outbound Product Distribution Strategy
    • Collaborate with sales, DTC, and marketing teams to provide operational support to ensure successful launch of new product into market.
    • Monitor booking activity against category inventory flow constraints and communicate new availability dates accordingly.
  • Inventory Procurement
    • Summarize and execute timely purchase summary orders.
    • Review and recommend best production dates to support customer demand and inventory requirements.
    • Maintain delivery information on all open purchase orders from issuance to receipt.
    • Manage and communicate production shifts due to commercialization issues or sourcing changes.
    • Analyze and report factory purchase order dates, styles, and/or sizes vs customer demand as directed by planning leader to report out issues filling customer orders.
    Requirements
    • Strong Excel capabilities.
    • 2+ years' experience in planning and/or merchandising.
    • Strong analytical skills.
    • Highly organized; able to juggle multiple priorities in a fast-paced, dynamic environment, while still achieving agreed-upon deadlines.
    • Knowledge of inventory math a plus.
    • Basic understanding of product lifecycle planning.
    • Good financial acumen.
    • Strong problem-solving and decision-making skills.
    • Good written and verbal communication skills.
    • SAP experience preferred.