What are the responsibilities and job description for the Inventory Forecasting & Planning Specialist position at Maxwood Furniture?
Description
Maxwood Furniture is a rapidly growing furniture company with an expanding portfolio of brands such as Max & Lily, Plank Beam, and Maxtrix. Since launching over two decades ago, we have established multiple sales channels including our DTC websites and third-party marketplaces. We’re passionate about creating an inspiring and engaging shopping experience for our customers, bringing their home decor dreams to life with stunning, on-trend pieces.
We are seeking an Inventory Forecasting & Planning Specialist to add to our Operations team. Are you ready to be a part of something amazing?
Ecommerce channels are a fast-growing segment of our company. As Maxwood has grown, our product portfolio has become more complex. Inventory management is a critical part of our business - ensuring the right products are available at the right times in the right quantities can make the difference between success and failure. The Inventory Forecasting & Planning Specialist is a key member of the Maxwood Operations Team. Responsibilities include ensuring future demand is forecasted accurately and key trends are spotted early, so they can be translated into demand signals for production. The successful candidate will be working with our production and forecasting tools to ensure orders are placed on time and in full and help to evaluate new tools that can make this process better and less manual. This is a highly collaborative position – keeping our fingers on the pulse of this highly dynamic category is a team sport.
We are looking for an individual who is highly detail oriented and exceptionally organized. Excellent analytical skills, familiarity with forecasting tools and processes and the ability to work in a fast-moving, growth-oriented environment are very important.
We are a tight-knit team where the right person can make a significant impact.
Primary Responsibilities
Maxwood Furniture is a rapidly growing furniture company with an expanding portfolio of brands such as Max & Lily, Plank Beam, and Maxtrix. Since launching over two decades ago, we have established multiple sales channels including our DTC websites and third-party marketplaces. We’re passionate about creating an inspiring and engaging shopping experience for our customers, bringing their home decor dreams to life with stunning, on-trend pieces.
We are seeking an Inventory Forecasting & Planning Specialist to add to our Operations team. Are you ready to be a part of something amazing?
Ecommerce channels are a fast-growing segment of our company. As Maxwood has grown, our product portfolio has become more complex. Inventory management is a critical part of our business - ensuring the right products are available at the right times in the right quantities can make the difference between success and failure. The Inventory Forecasting & Planning Specialist is a key member of the Maxwood Operations Team. Responsibilities include ensuring future demand is forecasted accurately and key trends are spotted early, so they can be translated into demand signals for production. The successful candidate will be working with our production and forecasting tools to ensure orders are placed on time and in full and help to evaluate new tools that can make this process better and less manual. This is a highly collaborative position – keeping our fingers on the pulse of this highly dynamic category is a team sport.
We are looking for an individual who is highly detail oriented and exceptionally organized. Excellent analytical skills, familiarity with forecasting tools and processes and the ability to work in a fast-moving, growth-oriented environment are very important.
We are a tight-knit team where the right person can make a significant impact.
Primary Responsibilities
- Formalize demand forecasting process and continuously monitor forecast changes. Assess the impact of forecast changes to the overall demand and production plan.
- Perform modeling and analysis of demand forecasting and existing operations to ensure sufficient capacity is available for growth.
- Assist in refining the existing master production schedule to meet Maxwood’s demand plan.
- Develop and implement supplier and product strategies in collaboration with new product development team. Make recommendations for sourcing to achieve cost and lead-time objectives and ensure supply capacity is in place to support growth.
- Assist in placing 3rd party purchase orders to replenish and maintain satisfactory in-stock positions across all our product lines.
- Establish cost reduction processes; identify cost reduction, cost analysis and other best practice approaches to drive cost reduction.
- Drive process improvements by implementing documented procedures where required.
- Any other supply chain management or related tasks as assigned by supervisor.
- Minimum 3 – 5 years of experience in planning, purchasing, or manufacturing of high-volume products.
- Advanced skills using Microsoft Office: Excel, Access, PowerPoint, Project management software and demand forecasting related software.
- Advanced Excel proficiency
- Experience in supply chain functions of planning, purchasing, inventory management, and logistics.
- Experience with planning software such as Netstock, Stock IQ or Netsuite is a plus
- Demonstrated analytical ability. Experience with Inventory Management Systems is a plus.
- Excellent communication and interpersonal skills required to win in a highly team focused work environment.
- Ability to work in a fast-paced, growth-oriented environment with changing priorities.
- This role offers a flexible, hybrid work environment based in the beautiful Charleston, SC.
- Loft-style workspace with a fully stocked kitchen for all of your snacking needs.
- An energizing, compassionate team. Our team cares deeply about each other. We strive to elevate and uplift each other in our day-to-day work
- 401(k) matching
- Dental insurance
- Employee assistance program
- Flexible schedule
- Flexible spending account
- Health insurance
- Life insurance
- Vision insurance
- Paid time off
