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Form of workJob Summary
The Inventory Planner is responsible for developing and implementing inventory strategies for a group of product categories that support both merchandising strategies and financial objectives. Responsible for creating and implementing item level inventory plans for both Stores and Ecommerce, achieving desired in-stock levels and planned inventory turns. The Inventory Planner will work closely with cross functional teams including but not limited to merchants, vendors, transportation and distribution to deliver desired results.
- Responsible for implementing and maintaining item/location level inventory plans for a group of product categories
- Manage monthly forecasts cycle for product categories
- Collaborate with suppliers to ensure inventory strategies are aligned
- Partner with replenishment team to ensure proper execution of inventory plans, ensuring desired instock levels are achieved
- Monitor inventory pipeline, anticipate and proactively communicate issues, and develop mitigation plans for any pipeline gaps
- Drive inventory and replenishment strategies to support assigned categories including resets, promotions, events, seasonal /entry and exit, influencing cross functional stakeholders
- Subject matter expert in planning / replenishment systems and thus utilize system capabilities to drive
- Analyzes business performance, develops insights and translates into strategies to drive sales and inventory productivity
- Monitor and report on important changes and/or challenges in a timely manner to support sales and financial objectives
Required Qualifications
- Bachelors Degree is required or equivalent combination of education and related experience
- 4+ years experience in demand, merchandise planning, replenishment or a related field
Preferred Qualifications
- Proficient in Microsoft Excel and MS office
- Strong analytical skills
- Self-driven and highly motivated
- Approaches problems with curiosity and is solution oriented
- Strong communication skills, both written and oral
- Capability to multitask in a fast-paced environment
About Lowe’s
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 17 million customer transactions a week in the U.S. With total fiscal year 2022 sales of over $97 billion, approximately $92 billion of sales were generated in the U.S., where Lowe's operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe's supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit https://talent.lowes.com/us/en/benefits.
