True Value Inventory Planner in Chicago, Illinois
Inventory Planner Use your LinkedIn Profile to help you apply faster!
Job ID #:4588 Location:IL-Chicago Retail Support Center
Functional Area:Operations Department:SPYCHN
Position Type:Full-Time Regular Education Required:Bachelors Degree or equivalent experience
Experience Required:1 - 3 Years Relocation Provided:No
True Value Company, a global wholesaler serving retail locations in 60 countries, has an immediate need for an Inventory Planner. You will play a meaningful role in helping to strategically and analytically forecast supply and demand of various products in specific categories. Having strong analytical, problem solving, and reasoning skills, including reading large amounts of data, and having a strong understanding of how that data applies to product forecasting are critical in the success of this role.
Join the True Value Inventory Management team and assist in slimming the gap between overstocked products and timely product inventory delivery to more than 4,000 customers. As an inventory planner, you can make an immediate impact by having strong quantitative and communication skills, having the ability to determine the best option from several possibilities, and being able to juggle multiple complex tasks simultaneously. The Inventory Management team is a mission-critical group in the organization where you can continue to learn, get strong exposure to the business, and work with cutting edge inventory management software in a complex environment.
Joining True Value Offers a Culture That:
Embraces personal and professional growth
Recognizes diverse perspectives
Provides competitive compensation while balancing your work-life needs
Your Value = Our Value. True Value.
The Inventory Planner has the responsibility for all demand planning and replenishment activities for their designated categories for True Value Company. In this role, the Inventory Planner is forecasting, identifying trends, establishing replenishment strategies and collaborating cross-functionally to deliver high service levels to our members/retailers while also meeting inventory productivity goals and key performance metrics. The Inventory Planner acts as a consultant to Product Merchants (Buyers) on inventory strategies, best practices and all other inventory related topics.
Manages and ensures service level goals to our members/retailers are met and/or exceeded as determined by company standards
Responsible for forecasting and replenishing assigned product categories with financial accountability
Responsible for managing and maintaining appropriate inventory levels based on financial objectives at all 13 Regional Distribution Centers
Partners closely with associated vendors to help problem-solve performance issues as well as identify areas for improved collaboration
Collaborates with and provides direction to Product Merchants (Buyers), in managing promotional forecasts and replenishment strategies
Collaborates with Logistics, Transportation and Supply Chain to ensure on-time delivery
Identifies seasonal and promotional trends that might impact demand planning and replenishment needs
Recommends product assortment enhancements based upon demand levels and sales performance
Collaborates and communicates with Logistics Team and True Value Distribution Centers to track purchase orders; expedites orders that are in jeopardy of meeting service goals; resolves any issues related to transportation
Communicates with True Value Stores – answers questions and helps resolves Merchandise Supply Chain issues
Attends Markets, Industry Shows and Financial Review Meetings, as appropriate
Keeps abreast of industry trends, best practices and regularly applies to current processes
Minimum Type and Years of Related Experience Required:
One to three years of related experience required
Highly skilled in Excel and demonstrated proficiency in Microsoft Word and PowerPoint
Strong analytical, research, critical thinking and problem-solving skills
Strong leadership, decision making and organizational skills
Strong verbal and written communication skills
Team player and initiative
Proven self-starter with the ability to manage multiple requests, prioritize effectively and meet deadlines
Ability to work independently as well as collaboratively in a team environment
Minimum Education Requirements:
- Bachelor's degree or equivalent work experience
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.