What are the responsibilities and job description for the Sr. Analyst Inventory Planning position at Home Depot Management Company, LLC?
Position Purpose :
The Inventory Analyst works within Supply Chain / Merchandising, and is responsible for partnering with merchants to develop and implement inventory strategies that maximize sales and inventory productivity for a merchandising category. To maximize sales and inventory productivity, it is critical that the Analyst maintain the appropriate in-stock positions and manage inventory in the most effective manner across both stores and SKUs. This Analyst will work closely with merchants, vendors, stores, transportation, distribution, and sourcing to accomplish goals.
The Inventory Analyst is responsible for creating accurate SKU forecasts, developing the inventory and replenishment strategy, managing parameters for each category to execute the replenishment strategy, achieving target in-stock levels and planned inventory turns, and developing recommendations to improve inventory productivity.
The Inventory Analyst also works with our stores and field leadership to execute their category strategies. In addition, this individual participates on strategic process improvement initiatives to improve the overall effectiveness of the tools and processes utilized by the broader Supply Chain Organization.
A typical Sr. Analyst : - Manages 25 vendors - Manages $200m of inventory - Supports $800m of annual sales
Key Responsibilities :
- 30% In partnership with the Merchant, create strategies and tactics that deliver financial objectives : o Sales , Margin, Turns o Product transitions, flow and exit strategies o Seasonal category and SKU strategies to both enter and exit season o Pricing and promotional activity
- 10% Achieve in-stock and turn targets
- 10% Coordinate needs across supply chain partners
- 10% Manage category to open-to-buy targets
- 10% Provide analysis to improve category performance
- 10% Build and maintain relationships with merchants, suppliers, stores, and supply chain partners
- 10% Train new associates
- 10% Contribute to cross functional project teams
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Salary : $800
