Bachelor’s Degree in Business, Retail or related field or
equivalent experience. Will consider High School
Diploma / GED and equivalent combination of intellectual
instruction and work experience in lieu of College Degree.
Knowledge and understanding of retail math.
Knowledge of vendor sources, products, and purchasing
1-3 years in Planning, Allocation or Replenishment; Retail
and/or specialty retail experience is preferred.
Skill and Ability:
Strong analytical, prioritizing, interpersonal, and problem
Strong verbal and written communication skills.
Demonstrated collaborative skills and ability to work well
within a team.
Ability to work in a fast-paced and deadline-oriented
Able to coordinate well with other departments.
The Inventory Specialist is responsible for the management and replenishment of inventory to meet or exceed sales, margin, inventory turn and service objectives. Primary responsibilities include item setup in JDA to generate accurate vendor POs and store replenishment, vendor follow up for late POs and receiving exceptions and taking corrective action to resolve vendor or system issues identified through exception reporting.
Implement the inventory tactics to support assortment and merchandise plans while achieving service level and inventory turn targets. Manage the inventory levels for product categories through analysis of trends, exceptions, rate of sale, minimum order quantities and minimum presentation quantities. Execute allocation decisions through the lowest reasonable level of the business, which will most directly impact sales and margin. Ensure that the stores are kept in stock to support their ability to sell merchandise. Pro-actively manage in-stock per available reporting and system information. React promptly to unanticipated trends in the business. Identify and take corrective action to overcome warehouse backorders or short-stock positions. Execute replenishment plan for promotional items to ensure in-stocks at the store and minimize inventory risk post-promotion. Understand the JDA system and how to properly set replenishment parameters for both the DC and both new and existing stores. Review and manage system and report generated exceptions, such as late POs and receiving exceptions. Review SKU forecasts and adjust according to demand and seasonality. Drive vendor efficiencies through collaborative forecasting. Work with Vendors to drive Shipment, Lead Time, EDI and Invoicing Compliance Create an environment for the Inventory organization that is stimulating, challenging and fun, while providing an arena for education and financial growth. Other duties as assigned.
Our competitive salary and benefits package includes matching 401K, medical, dental insurance, vision-care plan, prescription drug coverage, disability benefits, confidential employee assistance program, health advocacy program, life insurance, flexible spending accounts, paid time off, paid holidays, associate discount, a credit union, an on-site gym and wellness programs.
The Vitamin Shoppe - 22 months ago
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Vitamin Shoppe helps vitamin-takers meet their recommended daily requirements. The fast-growing company sells vitamins, supplements, and...