JOB DETAILS:
Job Title: Inventory & Replenishment Manager
Department: Inventory
Reports to: VP Operations, Retail Bloom
Company Location: Rochester Hills, MI
Job Location: Hybrid/Remote
ABOUT THE COMPANY:
Launched in 2015, Retail Bloom stemmed from a multi-channel retail business founded in 1955. Beginning as a retailer and still acting as one today, we mastered the Amazon marketplace by experimenting with our own brands and products first. After experiencing significant growth of our own ecommerce marketplace presence, we knew we had an exceptional opportunity to provide what we had learned and help other brands grow and succeed.
Starting off in the same shoes as our clients, we understand the trials and tribulations that come along with marketplace selling. Our team aims to build brand exposure, align brand marketing strategies, and strengthen integrity to ensure your brand vision will flourish.
Today, Retail Bloom manages over 80 brands, and we are in the top 1% of sellers on Amazon. Our mission is to nurture our channel partners’ strategy through innovation and give brands an evolutionary advantage in the marketplace jungle.
We are looking for great people to join our team!
JOB DESCRIPTION:
Looking for an opportunity to join a fast-growing team within an e-commerce environment? Retail Bloom is hiring a collaborative, enthusiastic, and pragmatic Inventory & Replenishment Manager with a sharp partner presence and business acumen. The ideal Inventory & Replenishment Manager will provide superior support to their client accounts, identifying their clients’ needs, developing strategies, executing plans to meet client goals, and will also act as mentor and guide for our inventory team as they hone their strategist and analyst skills within their own portfolio of brands. Love the challenge and change that Amazon provides? Love the dynamic landscape of retail and eCommerce? We would love to talk to you!
JOB DUTIES:
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Define, plan and execute replenishment and inventory strategy.
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Based upon strategy, ensure optimum inventory levels based on the most accurate demand data communicated by the brand management, marketing, purchasing & global logistics teams as well as third party logistics (3PLs).
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Establish and utilize best practices and statistical models to develop, refine, and iterate inventory forecasting models.
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Approve forecasts and respective inventory targets. Ensure execution of inventory supply and replenishment forecasts for all SKUs based on adjusted and seasonal inputs.
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Measure forecast accuracy and continually refine and improve upon replenishment and forecasting models. Run excel models to understand data trends and implement solutions to better manage inventory supply.
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Approve inventory targets (including safety stock levels) and adjust forecast and inventory targets based upon changes in demand, supply chain and market trends.
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Investigate and timely communicate any possible risks that may have significant impact on inventory replenishment, stock levels, and sales.
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Monitor and reduce excess, stale and aging inventory and storage fees at Amazon and 3PLs.
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Analyze, interpret, and communicate results and risks to leadership.
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Improve supply chain operations in close coordination with clients, transportation carriers, and warehousing/third-party logistics service providers.
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Manage ERP inventory management and ensure timely and reliable input data in the system.
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Collaborate and build effective communication channels and processes with cross functional teams and clients to ensure uninterrupted availability of healthy levels of inventory.
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Represent Inventory Team to leadership
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Build and communicate accurate inventory reports to the finance/accounting and Client Services brand management teams.
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Develop effective and reliable reporting dashboards and their respective leading and trailing KPI’s.
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Nurture and manage relationships with Clients, Third Party Logistics (3PLs), software and service providers.
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Support Sales Team efforts as Inventory Subject Matter Expert (SME)
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Build and manage effective auditable training and documental process and systems.
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Develop and implement key SOPs within areas of responsibility.
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Identify and introduce best practices for inventory planning and management within the organization.
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Department resource planning (staff, technology, budget), recruit, manage, hire, and develop direct reports associated with inventory planning & management duties.
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Drive EOS and KPI improvement across team.
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Perform other duties as assigned.
