Inventory Planner

About the position

The Inventory Planner is responsible for translating demand forecasts into actionable inventory plans and ensuring the right products are available at the right time and place. This role involves managing inventory at the SKU level and optimizing supply across multiple channels. The ideal candidate will be proactive, adept at balancing supply and demand to achieve target weeks of supply and minimal stockouts, and possess exceptional Excel skills to analyze large datasets and inform inventory decisions.

Responsibilities

• Review program/color demand forecast plans and translate these forecasts into detailed inventory supply plans at the SKU level.
• Build and maintain an inventory supply plan that balances store demand, minimizes excess stock, and ensures high availability of products across both retail and eCommerce channels.
• Monitor inventory levels and adjust plans as needed to reflect changes in demand, seasonality, or product lifecycle.
• Proactively manage stock levels to ensure high in-stock rates for both retail and eCommerce channels.
• Address potential stockouts or overstock situations and adjust replenishment schedules as necessary.
• Work closely with the wholesale, merchandising, demand forecast planner and logistics teams to communicate inventory needs, resolve issues, and align on strategies to optimize inventory management across all channels.
• Maintain up-to-date inventory reports and metrics, providing visibility into inventory levels, allocation efficiency, and potential gaps.
• Track key performance indicators (KPIs) related to inventory performance, stock levels, and in-stock rates.
• Identify opportunities to enhance the overall efficiency of inventory management processes and tools.
• Address any inventory-related issues such as product shortages, overstock, or distribution delays, and work to resolve them in a timely manner to minimize disruption to sales and operations.

Requirements

• 2-5 years of experience in inventory planning, supply chain management, or a related field (retail or eCommerce experience preferred).
• Proven experience with inventory optimization at the SKU level.
• Strong understanding of supply chain dynamics from an inventory ordering perspective.
• Strong analytical skills with the ability to interpret complex data and make data-driven decisions.
• Proficient in inventory management systems and advanced Excel (pivot tables, VLOOKUP, etc.).
• Familiarity with ERP systems and supply chain tools (e.g., Netsuite, SAP, or similar).
• Strong problem-solving skills and attention to detail.
• Strong communication and collaboration skills.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• A proactive, results-oriented mindset with the ability to adapt to changing business needs.

Benefits

• Free bedding for a great night’s sleep, an awesome discount and $300 worth of free product a year!
• Health, dental and vision benefits with 100% employee coverage offering.
• Flexible vacation packages.
• 401k.
• Competitive salary and stock options.
• Estimated pay range for this role is $70,000 - $90,000 with an annual bonus.