Inventory Planning; IC Manager

Overview

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.

Job Purpose And Summary The Inventory Planner is accountable for managing/shaping forecasts and inventory as well as all supply components for a group of retail products to ensure Store and DC service levels achieve targets. The Inventory Planner will execute business plans that achieve enterprise goals including sales, margin, in-stock, turn, fill rate, customer satisfaction, GMROII, receipts and EOP. This person will be working collaboratively with cross- functional, internal, and external partners to deliver results and ensure outcomes.

• Overall responsibility for developing and maintaining accurate forecasts across a set of products/categories so that the business may be appropriately planned based on that forecast
  • Develop and maintain promotional, seasonal and event forecasts
  • Monitor forecast accuracy and resolve exceptions with the goal of forecast improvement accounting for market intelligence
  • Work with Category and Planning leadership to understand trends, identify new products, promotional strategies and evaluate impacts on demand
  • Work collaboratively with merchants, vendors, and other parts of the business to ensure that key factors influencing demand are understood and reflected in the forecast
  • Use input from the analytics team to determine appropriate forecast models and parameter settings
• Responsible for managing inventory levels for a set of products/vendors/categories to support demand while meeting inventory turn and service level targets
  • Develop actionable plans to meet financial and inventory goals
  • Develop and maintain inventory and purchase plans using Blue Yonder Fulfill and Order Optimization module
  • Generate and analyze inventory and service level performance reports
  • Manage/resolve stock-out occurrences
  • Monitor inventory and service level performance and resolve exceptions
  • Partner with Finance, Logistics & the Transportation organization to identify supply chain and financial opportunities
  • Represent project standards by attending and facilitating meetings to prioritize inventory requirements across the organization
  • Collaborate with vendors, carriers, and DC teams to enable on time and in-full delivery of purchase orders
  • Review deal buying opportunities and make decisions on purchase quantities and timing based on targets defined by leadership

• 3+ years of Retail industry experience in Merchandise Planning
• 1+ Year Experience with MS Office Suite (Word, Excel, PowerPoint, Access, Teams)
• Results driven with strong time management and organizational skills with a desire to work in a fast-paced environment
• Strong interpersonal skills with the ability to build strong relationships and contribute ideas in a team setting
• Curiosity to explore and identify insights that result in the development of actionable strategies and tactical plans
• Strong business/financial acumen and Supply Chain knowledge
• Ability to resolve high profile issues
• Good judgment and decision-making ability
• Excellent verbal and written communication skills, including facilitation skills
• Strong time management and organizational skills

• JDA / Blue Yonder Forecasting & Replenishment knowledge
• Bachelor’s Degree in Business, Supply Chain or Operations Management
• Master’s Degree in Supply Chain or MBA
• An Asset Supply Chain certification such as RSSC, CSCMP or APICS
• Previous Experience in an S&OP environment
• Strong analytical and problem-solving skills
• Ability to calculate and analyze key forecasting metrics such as forecast MAPE and bias
• Knowledge of Tableau reporting software
• Demonstrates understanding of inter-relationship between demand planning, category management, supply planning, and finance

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