SUMMARY:
The Inventory Planner is responsible for translating demand forecasts into actionable inventory plans and ensuring the right products are available at the right time and place. This role involves managing inventory at the SKU level and optimizing supply across multiple channels. The ideal candidate will be proactive, adept at balancing supply and demand to achieve target weeks of supply and minimal stockouts, and possess exceptional Excel skills to analyze large datasets and inform inventory decisions.
Reports to: Director
Location: Los Angeles, Tu/Thur in office
What You’ll Do:
Demand Forecast Integration: Review program/color demand forecast plans and translate these forecasts into detailed inventory supply plans at the SKU level.
Inventory Planning: Build and maintain an inventory supply plan that balances store demand, minimizes excess stock, and ensures high availability of products across both retail and eCommerce channels. Monitor inventory levels and adjust plans as needed to reflect changes in demand, seasonality, or product lifecycle.
In-Stock Rate Management: Proactively manage stock levels to ensure high in-stock rates for both retail and eCommerce channels. Address potential stockouts or overstock situations and adjust replenishment schedules as necessary.
Cross-Functional Collaboration: Work closely with the wholesale, merchandising, demand forecast planner and logistics teams to communicate inventory needs, resolve issues, and align on strategies to optimize inventory management across all channels.
Inventory Visibility and Reporting: Maintain up-to-date inventory reports and metrics, providing visibility into inventory levels, allocation efficiency, and potential gaps. Track key performance indicators (KPIs) related to inventory performance, stock levels, and in-stock rates.
Continuous Improvement: Identify opportunities to enhance the overall efficiency of inventory management processes and tools.
Troubleshooting and Problem Solving: Address any inventory-related issues such as product shortages, overstock, or distribution delays, and work to resolve them in a timely manner to minimize disruption to sales and operations.
Who You Are:
2-5 years of experience in inventory planning, supply chain management, or a related field (retail or eCommerce experience preferred).
Proven experience with inventory optimization at the SKU level.
Strong understanding of supply chain dynamics from an inventory ordering perspective
Strong analytical skills with the ability to interpret complex data and make data-driven decisions.
Proficient in inventory management systems and advanced Excel (pivot tables, VLOOKUP, etc.).
Familiarity with ERP systems and supply chain tools (e.g., Netsuite, SAP, or similar).
Strong problem-solving skills and attention to detail.
Strong communication and collaboration skills.
Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
A proactive, results-oriented mindset with the ability to adapt to changing business needs.
What You’ll Get:
Free bedding for a great night’s sleep, an awesome discount and $300 worth of free product a year!
Health, dental and vision benefits with 100% employee coverage offering
Flexible vacation packages
401k
Competitive salary and stock options
Parachute takes a market-based approach to pay, and pay may vary depending on your location. Your actual base salary will depend on factors such as your skills, qualifications, experience, and work location. The estimated pay range for this role is $70,000 - $90,000 with an annual bonus.
About Us
Our belief is that when we take care of our home, it takes care of us. Home is an extension of the self. It offers a sense of belonging and welcomes all with ease and warmth. It's where we recharge, wash off the day and rest up for tomorrow. Home is the most comforting word there is. That’s why they say there’s no place like it. The unmistakable feeling of home is what inspired us to create Parachute. To responsibly make essential, lasting items that transform a house into so much more.
Parachute was certified as a great place to work! Check us out hereOur Commitment to You
We believe in the power of a diverse workplace. Which is why we are committed to actively recruiting and hiring people of all races, religions, colors, national origins, genders, gender identities or expressions, sexual orientations, ages, marital statuses, veteran statuses and disability statuses. As an equal opportunity employer, we celebrate diversity and foster an inclusive environment by committing to diverse hiring practices, encouraging education and communication and building a DE&I enrichment and training program.
Ensure your Parachute Home job offer is legitimate and don't fall victim to fraud. Parachute never seeks payment from job applicants. Parachute recruiters will only reach out to applicants from an @parachutehome.com email address. For added security, where possible, apply through our company website at www.parachutehome.com/careers.
