The Planning Analyst is responsible for tactical management of Purchase Orders - tracking purchase orders from creation of order to receipt in Warehouse. Monitor Inventory levels to maximize stock position and minimize unproductive inventory at the product level working with the Merchandise Planner to ensure that approved strategies and financial goals are achieved.
Primary Responsibilities:
Generate Purchase Orders with guidance from the Merchandise Planner.
Use financial and quantitative information to optimize inventory receipt flow to adhere with warehouse receiving constraints.
Partner with vendors to optimize shipping parameters based on business needs.
Maintain forecasts and ordering constraints for all vendors and items.
Track and manage open Purchase Orders and regularly follow up with Vendors on shipping status.
Report on late shipments and work with Sourcing and Buying to resolve any ongoing issues.
Work with Planner to monitor sales and inventory levels and adjust purchase orders accordingly to drive sales and profitability.
Create and generate reports, analysis and scenarios to drive inventory strategy decisions, understand trends and facilitate planning team deliverables.
Generate and analyze weekly, monthly, quarterly, and seasonal sales reporting.
Analyze historical and current trends to identify risks and opportunities; partner with Manager to develop action plan to achieve department goals.
Assist Planner with executing markdown and promotional strategies and store replenishment.
Desired Skills and Experience
Bachelor’s Degree or equivalent business experience
Minimum 1 year of experience in inventory analysis, planning, allocation or buying
High proficiency in Excel
Thorough understanding of retail math
Strong analytical and problem solving skills
Self-motivated and able to work in an ever-changing environment with efficiency and accuracy
