Inventory Planner

Location

Hyderabad | India

Job description

About the Company

Northern Tool + Equipment is a retailer and manufacturer that specializes in offering superior quality tools at great prices, along with the knowledge and support needed to help customers get the job done right. Theyve been in business for over 40 years, recently reaching revenues in excess of $1.5 billion. The company not only supplies over 100,000 tools +equipment from the top brands in the industry but also designs, manufactures, and tests an extensive lineup of premium private label products that customers cant get anywhere else. Northern Tools far-reaching customer base includes handy men and women, weekend hobbyists, serious do-it-yourselfers, full-fledged contractors, trade professionals, and more. The companys products can be found in over 126+ locations in the U.S.A., on its comprehensive international website, and via numerous catalogs throughout the year. Recently Northern Tool has expanded operations to offices in India, Vietnam and China to better serve its global distribution.

About Northern Tool + Equipment, India (NTEI)

Northern Tool + Equipment is a US-based retailer and manufacturer of superior quality tools that recently reached over $1.5 billion in revenue. Founded more than 40 years ago, Northern Tool is making a significant investment in business transformation to elevate the customer experience. Northern Tool + Equipment (NTE) India, located in Hyderabad, is Northern Tools investment that will enable it to expand its internal capabilities in Finance, Merchandising and Pricing, Product Engineering, Business Intelligence, Enterprise Integration, Manufacturing Ops, Quality Assurance, Marketing, Contact Center, and Information Technology. NTE India will provide value and improve efficiencies across the value chain of the business.

Why Join

True Northern : We seek talented people who wish to share their initiative, ideas, and expertise; we develop and support our teams, and we put them in a position to succeed. We know our customer; we provide value, and we act with integrity. We are True Northern.

Build Lasting Relationships : At Northern Tool + Equipment, were far more interested in building relationships than we are in simply making transactions. Our customer base is exceptionally loyal because customers know that we will give them the right solution.

Accelerate Decision Making : by collaborating with the brightest minds, bring ideas to life across our value chain of business operations across our vast network of over 120 stores across the US.

Lead with Innovation: Join us to elevate our customer experience with cutting-edge products, technology, and business processes and drive our business forward.

We are Family : As a family-owned business, we have respect for personal lives; wherever possible, we strive for flexibility in work schedules, and we maintain a relaxed, professional atmosphere.

Role Objective

This role will provide the expertise in the area of inventory planning with objective of maximizing efficiency of inventory investment. Working closely with the various supply chain and sourcing functions globally the primary objective of the role is to maintain the desired stock and fill rate across product categories and channels of sales and distribution.

Key Responsibilities

PRIMARY OBJECTIVES OF POSITION:

To maximize inventory investment efficiency, while maintaining desired in stock and fill rate percentages for assigned vendors and product categories for all channels of sales and distribution

MAJOR AREAS OF RESPONSIBILITY:

• Maintains accurate sales forecasts and plans inventory investments that achieve fill rate and service level goals. Recognizes and responds to trends and seasonality.
• Places supplier orders for all assigned merchandise as well as transfers for merchandise to retail stores. Manages both distribution center and store inventory levels based on inventory budgets, planograms, vendor programs, location specific space considerations and promotional events.
• Performs all item and vendor set up functions within the replenishment system. Monitors, maintains and adjusts the replenishment system to ensure forecasting accuracy and optimized order quantities.
• Analyzes promotional and new item forecasts. Creates recommendations if forecasts are not consistent with available data.
• Works with vendors to ensure inventory availability, lead time accuracy and profitable minimum order quantities.
• Manages open orders. Works with expediters to update due dates and ensure accuracy of other relevant information. Works with vendors to maintain consistent lead times as well as on time and complete shipments.
• Monitors vendor performance, identifies vendor shipping issues, and works with merchant team to resolve.
• Manages inventory for product transitions and new item introductions by effectively shutting off replenishment on old product and ensuring timely delivery of new product.
• Utilizes available reporting to analyze inventory performance and monitor key performance indicators. Makes adjustments or provides recommendations to improve performance.
• Identifies and makes recommendations for action on slow turning, non-working and obsolete inventory.
• Collaborates with cross functional departments to improve overall efficiency and effectiveness of the supply chain.
• Remains current in knowledge, use and understanding of inventory management software, enterprise resource planning software and on Company and industry best practices.
• Owns and Monitors cube space allocation for 3PL warehouse.
• Communicates weekly with distribution center leadership on metrics and trends
• Keeps supervisor informed of important developments, potential problems and related information necessary for effective management. Coordinates and communicates plans and activities with others, as appropriate to ensure a coordinated work effort and team approach.
• Performs related work as appropriate or assigned.

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor's degree or equivalent in merchandising planning, inventory management or related field.
• At least 3 years of related purchasing/inventory management experience.
• Ability to interpret, analyze and present key inventory metrics.
• Strong analytical and organizational skills are required.
• Strong personal computer skills, spreadsheet development abilities and working knowledge of designated software packages.
• Ability to communicate effectively, both orally and in writing, with a wide variety of company and vendor personnel.
• Previous inventory management system software experience is preferred.
• Demonstrates Northern Tool + Equipments 12 Core Competencies.

Job tags

Salary