FULLBEAUTY Brands™ is the premier fashion and lifestyle destination for the plus size customer. We are an online and catalog marketplace offering a curated collection of the finest family of plus size brands and thousands of products.
POSITION SUMMARY:
The Inventory Analyst is responsible for all inventory aspects of the product cycle from the budgeting, initial buy, reorders and the maintenance of all inventory related components. This position will be responsible for utilizing methodologies for inventory demand forecasting through analyzing key metrics and sales / stock results across the print and web channels. The Inventory Analyst will handle routine and exception reporting, standard procedure documentation and support for all inventory related functions. This individual will have a strong understanding of business functions and collaborate with the Merchandising, Planning and Sourcing teams.
PRIMARY RESPONSIBILITIES:
- Strategic Collaboration: Partner with Inventory Control supervisors to formulate and implement comprehensive inventory strategies throughout the product lifecycle, ensuring alignment with business objectives.
- Demand Forecasting: Lead the analysis and updating of demand forecasts by synthesizing sales history, sales rates, weeks of supply, safety stock, and quality-related issues to identify and execute improvement initiatives.
- Inventory Management: Oversee the management of in-season inventory, strategically balancing sales, margin targets, markdowns, and sell-through goals to maximize profitability and efficiency.
- Data Interpretation: Utilize Tableau to generate and interpret exception reports for inventory management and reconciliation, facilitating data-driven decision-making across the organization.
- Trend Analysis: Conduct weekly projections by analyzing color and size selling trends, along with style return rates, to prepare detailed reports that inform inventory needs and business strategy.
- Performance Review: Analyze the Demand Analysis report to assess sales trends and item performance, making strategic recommendations for future media and marketing initiatives.
- Operational Efficiency: Evaluate stock levels to provide insights on backorders, cancellations, and lost demand, ensuring optimal inventory flow and operational efficiency.
- Cross-Departmental Coordination: Collaborate with the production department on reorder placements, actively monitoring purchase order (PO) shipping statuses and delivering timely updates to senior management.
- Backorder Management: Track and prioritize top backorder and anticipated backorder items through Lognet, expediting shipments of high-priority POs with designated coordinators.
- Overstock Strategy: Identify overstocks and develop actionable strategies for both book and web clearance, including seasonal promotions; adjust retail pricing to optimize the sell-down of excess inventory.
- Liquidation Oversight: Maintain overstock disposition codes and identify end-of-season overstocks for strategic turnover to liquidation channels.
- KPI Achievement: Drive efforts to meet service KPI goals related to backorders and cancellations, ensuring operational excellence and enhanced customer satisfaction.
MINIMUM QUALIFICATIONS:
- Bachelor’s Degree, preferably in Business, Finance or Mathematics; or in lieu of a degree, relevant prior work experience in inventory management is acceptable, preferably with e-commerce and/or retail industry.
- Ability to understand demand forecasting concepts and apply knowledge on the job with strong analytical skills.
- Ability to effectively operate in a fast-paced, business-decision driving analytical environment.
- Functional knowledge of Inventory Management principles and KPIs of OTB, sell through and inventory turn rates, COGS variance, WOS, etc.
- Ability to demonstrate intermediate skill level in MS Excel, including formulating pivot tables, if statements, vlookup statements, etc.
- Ability to demonstrate a basic skill level in utilizing reporting/data of various Inventory Management and Business Intelligence tools, such as Tableau, to run reports online and build basic report queries.
- Passionate about working with business partners to identify opportunities, driving business decisions with data and analysis.
- Proactive, self-directed, strategic, and tactical with an intellectual curiosity for analyzing and interpreting information.
- Strong communication skills with the ability to interact collaboratively and influence others without authority.
WHY JOIN FULLBEAUTY?
- Competitive Health Benefits (Medical, Dental & Vision)
- Employer HSA Contribution
- 401K Match
- Employee Assistance Program
- Hybrid Work Schedule (Corporate)
- Business Casual Attire
- Wellness Initiatives
- 30% Associate Merchandise Discount Across our Family of Brands
- Employee Discount on Travel, Cell Phone Plans and More
- Generous Paid Time Off Program
- Promote From Within Culture
- Commitment to Being an Equal Opportunity Employer
- Life Insurance Benefits
- Internal charity that supports FULLBEAUTY Brands’ associates and their immediate family members during times of extreme hardship
FULLBEAUTY Brands™ is an Equal Opportunity Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability or protected veteran status.
