END DATE October 09, 2016

Mgr, Inventory

Sears - Hoffman Estates, IL

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  • Company
    Sears Sears
  • Location
    Hoffman Estates, IL
  • Job Type
  • Job Classification
    Full Time
  • Experience
    Mid-Career (2 - 15 years)
  • Education
    Bachelors Degree
  • Salary Range
    $0.00 - $0.00 per year
  • Company Ref #
  • AJE Ref #
  • Number of Positions

Job Description

The Manager, Inventory is responsible for managing the flow of merchandise through all aspects of the Sears supply chain network, including distribution centers, transportation, import deconsolidation centers, and store operations to ensure efficient flow of goods.

This role is responsible for the development of the merchandise plan including sales, margin, inventory turnover, and in stock percentage at the line, category, and appropriate class or key item level. In addition, the role is responsible for delivering sales and margin targets through flawless execution of the merchandise flow plan while achieving Distribution Center fill rate, inventory turnover, in-stock percentage and liability inventory goals. This associate works closely with their buying team, finance, stores, vendors, and the merchandising support team to significantly improve the profitability and maximize shareholder value.JOB DUTIES/RESPONSIBILITIES:
* Monitors department and line performance, and makes appropriate mid-course corrections to forecasts and develops and monitors pre-season, in-season, semi-annual, monthly, and weekly business financial plans and forecasts that adhere to strategic and financial objectives
* Incorporates modeling, situation analysis, problem diagnosis, and operations analysis to support business decision-making with financial analysis
* Participates in weekly and monthly in-season business management meetings, presenting analysis, calling out issues and action items
* Facilitates and completes the monthly and seasonal post mortem review process with data and analysis
* Develops associates through interviews, selection, coaching, mentoring, performance management, talent management, and
succession planning
* Develops Distribution Center (DC) level plans and forecasts fully communicating and integrating these plans with Logistics and DC
operating plans
* Creates monthly financial forecast (ROF) for sales, gross profit, inventory, and other required elements in merchandise plan and
identifies trends, opportunities, and risks to current forecasts and the next period s plan
* Monitors and reviews the open-to-receive dollars weekly/monthly and provides recommendations to maximize profitability and
stock/sales ratios, including proposing markdowns to meet flow and aged inventory targets
* Reconciles promotional estimates and buy quantities to the financial plan and the Buyer s sales demand forecasts, and supports
inventory requirements for out of line displays (i.e., end-caps, bulk stacks, Sears experience)
* Develops markdown management and liability inventory strategies that minimize markdowns and maximize inventory
management in all levels of the supply chain
* Performs supervisory responsibilities including, but not limited to making employment decisions regarding hiring, promoting,
demoting and terminating, conducts performance appraisals, coaches and develops associates

* Bachelor's Degree
* 5-10 years of related experience

* Detail oriented with strong managerial, planning, organization and project management skills
* Ability to mediate differences of opinion and facilitate resolution when conflicts arise
* Ability to participate in cross-functional initiatives and projects
* Knowledge of industry practices and current trends
* Strong knowledge of Store Operations, Supply Chain, Inventory Management, and the Merchant organizations
* Working knowledge of Merchandising and Retail systems
* Performance management skills
* Problem solving and decision making skills
* Strong analytical skills
* Financial acumen
* Market knowledge
* Basic application expertise
* Technical expertise
* Project management skills
* Degree in a Supply Chain related field preferredEEO EMPLOYER