What are the responsibilities and job description for the Sr. Inventory Planner position at Advance Auto Parts?
Job Description
The Sr. Inventory Planner will be responsible for optimizing inventory levels at each node of the network and ensuring product is moving to the right location at the right time, with the right volume. The Sr. Inventory Planner will manage the most critical or complex business categories on each team and serves as a leader regarding all inventory activities for their assigned businesses. A best-in-class Sr. Inventory Planner will help build a long-term strategy for the category in partnership with their manager & cross functional partners across Merchandising, Marketing, Pricing, & Supply Chain.
This position is part of a Hybrid work arrangement based in Raleigh, NC that requires four days per week in office.
Essential Duties and Responsibilities include the following, other duties may be assigned:
Core Execution
Place purchase orders from vendors to AAP Distribution Centers to maintain adequate inventory to support AAP Company Owned stores and hundreds of Independently operated stores
Ensure that proper inventory levels are maintained by consistently reviewing KPIs such as weeks of supply and depth in-stock metrics
Track vendor PO’s from order point to DC to ensure vendors are shipping on time and in full
Root cause supplier issues to maintain acceptable performance
Monitor product flow throughout the supply chain to create an excellent customer experience
Participate in Lifecycle Management review process; determine path forward for slow moving product and obsolete inventory
Monitor inventory-turn performance and identify opportunities to optimize inventory levels
Root cause analysis and troubleshooting when stores or DCs are out of stock
Collaboration/Partnership
Leader in establishing a strong, collaborative, vendor-facing relationship to ensure expectations are defined and achieved
Mentor and develop less experienced Inventory Analysts with day-to-day responsibilities
Develop and foster a cohesive team environment with immediate team and cross-functional partners alike
Business Analysis/Insights
Review KPIs and reporting against targets to provide visibility to partners and leadership. Work with key partners to measure progress against targets
Ability to tell data-driven stories, using information from multiple sources, to provide actionable insights
Ability to work with large amounts of data and create reports for Senior Management team
Conduct ad hoc analysis to understand business opportunities and develop plans to address
Communication
Effectively communicate with cross functional teams, field team members and leadership to present data and resolution
Demonstrate excellent verbal, written, and interpersonal skills to influence an optimal outcome
Proactively communicate and resolve all issues regarding product flow from Vendor to DC to Store and resolve potential service disruptions
Qualifications:
Advanced Excel and analytical skills required, with strong aptitude in retail math and inventory management. Must be able to demonstrate proficiency in these areas to be considered for this position.
Experience & familiarity in inventory management systems and Software (in Blue Yonder, Relex or Manhattan Associates, or SAP)
Self-motivated, passionate, and enthusiastic individual ready to bring energy and excitement to lead their business
Outstanding organizational skills with a natural curiosity and interest in problem solving
Flexible team player who thrives in environments requiring ability to effectively prioritize and delegate workload, juggling multiple concurrent projects and deliverables
Strong sense of urgency to change, adapt, and push processes forward
Curiosity to ask “why” behind the data and dig into the root cause opportunities.
Education and Experience Requirements:
Minimum of 2-5 years of experience in a planning and/or inventory management field; and
Bachelor’s degree in Business, Finance, Supply Chain, or other related field; or
Equivalent combination of education and/or experience
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