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Tiffany & Co.
Inventory Planner
Tiffany & Co.
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Inventory Planner
New York, NY
Nov 16, 2024

Position Overview

The Planner is accountable for finished goods purchasing, safety stock planning, zonal allocations and overall inventory productivity for their specific product category.  The product accountability scope covers roughly $500M in sales and $200M in inventory cost.  The role is responsible for driving and supporting sales globally, maintaining well balanced inventory across Zones to optimize sales and inventory turn.

Key Accountabilities 

Finished Goods Purchasing

  • Plan target inventory levels at global and zonal level based on provided sales forecasts and inventory policies/productivity objectives.
  • Place manufacturing orders with Industrial team and follow through on receipt timing and on-time delivery
  • Project inventory landing at rolling 12-24 month horizon at global level
  • Plan, present and justify OTB targets for purchase plans
  • Plan and execute new product roll-out strategy

Inventory Allocation

  • Collaborate with regional Supply Chain Teams on zonal inventory/safety stock targets against given sales forecasts
  • Deliver daily and weekly allocations to zones based on sell through and safety stock targets
  • Review zone's inventory targets to ensure the align with global inventory policies and purchase plans 
  • Partner with distribution and logistics teams centrally and regionally to optimize lead times and manage multi-nodal shipping structure
  • Monitor inventory misalignment and initiate inter-zone rebalances

Cross-functional Communication/Partnerships

  • Collaborate with cross-functional teams, including Merchandising, Product Development, Global Assortment and Demand Planning to ensure alignment on project goals and timelines
  • Facilitate and share clear and consistent communication to Zone Supply Chain partners to manage expectations re. availability and recovery dates for product in tension

Required Qualifications

  • 3 - 7 years business experience
  • College degree and/or business experience
  • Retail management experience in merchandise planning and/or replenishment planning
  • Excellent communicator with the ability to lead in a team environment
  • Excellent conflict resolution and negotiation skills
  • Ability to manage and function in a dynamic environment while handling multiple assignments

Preferred Qualifications

  • Strong analytical skills. Familiarity with multi-product, multi-sales channel environment
  • Knowledge of distribution operations and merchandise planning experience
  • Advanced Excel, Power BI or other Planning Applications 

The hiring range for this position ranges from $92,310 - $124,890. The rate of pay offered will be dependent upon candidates’ relevant skills and experience.

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Inventory Planner
Tiffany & Co.
New York, NY
Nov 16, 2024
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