Inventory Manager in Raleigh, NC at Advance Auto Parts

Date Posted: 9/9/2019

Career Snapshot

Career Description



Job Description

The Inventory Manager is accountable for leading a team of Demand Planners, Supply and Store Planners.  This team manages inventory and all its components to ensure inventory and services levels are within specified targets and can support the demand planning forecasts. The Inventory Manager also drives and manages processes, relationships, and working activities with Merchants, Vendors, Market Availability, Visual Merchandising, Transportation, Field Teams, and Distribution Centers to ensure they run smoothly.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Budget Planning/Forecasting

  • Participate in the annual inventory budget process ensuring timeliness, accuracy, and transparency;
  • Ensure inventory replenishment team inclusion in planning, forecasting and purchasing plans and activities.
  • Monitor Inventory budgeted metrics, highlighting areas of risk with solution options. 
  • Manage weekly open to buy process to ensure proper receipt flow.

Promotion Management

  • Approve promotional forecasts and corresponding inventory purchases.
  • Partner with merchant team in accurately forecasting sales results and inventory order needs for promotions
  • Drive increased In-stock % and improved Inventory Turn through forecast accuracy improvements

Replenishment

  • Achievement of budgeted goals and metrics for business categories.
  • Monitor POG purchases, seasonal builds, and forward buys.

Supply Chain

  • Manage merchandise inventories to achieve the plan sales, service level/in-stock, turnover, and financial strategies.
  • Identify and communicate inventory changes to Supply Chain teams. 
  • Work collaboratively to increase Inventory and DC efficiencies.

Vendor Relationships

  • Partner with Merchant leadership to continuously improve vendor performance results in key areas: on time delivery, overall cost reduction, and order fill accuracy.

Communication/Collaboration

  • Implement inventory plans, ensuring the sharing of information between Inventory, Merchandising, Visual Merchandising, Market Availability, Commercial, Supply Chain and Field Teams is accurate and timely.
  • Proactively and effectively seek input and feedback from internal and external partners to resolve issues.
  • Effectively share clear, concise, accurate information that caters to the levels of detail needed by recipients.
  • In follow up to immediate issue resolution, put in place sustainable systems and process improvements that prevent issue recurrence and improve company results

QUALIFICATIONS 

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform these essential functions.

  • Proficient in the use of MS Office Products Excel, Word, PowerPoint, Access, Project
  • Strong analytical and problem-solving skills
  • Strong business acumen and Supply Chain knowledge
  • Strong interpersonal and influencing skills
  • Ability to resolve high profile issues
  • Good judgment and decision-making ability
  • Excellent verbal and written communication skills, including facilitation skills
  • Complete understanding of the data processes and information flow within the E3 forecasting and replenishment systems; complete understanding of E3 modules and supporting software;
  • Basic understanding of the supply chain; ability to see the organization as an integrated whole and understanding how each component contributes to the achievement of organizational goals and objectives
  • Solid analytical skills required; ability to develop and communicate findings and recommendations, creating actionable strategies
  • Ability to operate in a complex, rapidly changing environment while adhering to tight schedules
  • Ability to prioritize, delegate, and manage multiple projects simultaneously ensuring timely and accurate completion of each; outcome-focused and experienced in project management as a means to plan, track, communicate progress and ensure on time delivery of projects
  • Strong interpersonal and communication skills; ability to present information and interact effectively across all levels of the organization; ability to cultivate relationships with key stakeholders across functions to achieve business objectives and drive strategic change; proven track record of establishing strong relationships and experience in leading complex cross-functional teams

EDUCATION and/or EXPERIENCE

  • Bachelor’s degree in Business Administration, Merchandising, Logistics, or Mathematics; and
  • 5-7 years related experience in Inventory Management, including 1-2 years of management experience; or equivalent combination of education and experience

SUPERVISORY RESPONSIBILITIES

This position directly supervises 4-10

CERTIFICATES, LICENSES, REGISTRATIONS

None

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and talk or hear.  The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; and stoop, kneel, crouch, or crawl.  The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.  Specific vision abilities required by this job include close vision, distance vision, color vision, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually moderate.