At a Glance
- Tasks: Manage inventory flow and collaborate with teams to optimise product availability.
- Company: Join New Balance, a brand that empowers communities through sport and innovation.
- Benefits: Enjoy flexible working hours, private medical insurance, and a generous annual leave policy.
- Other info: Embrace a culture of diversity and inclusion while growing your career.
- Why this job: Be part of a dynamic team shaping the future of inventory management in a global company.
- Qualifications: Experience in inventory planning and strong communication skills are essential.
The predicted salary is between 45000 - 55000 £ per year.
Since 1906, New Balance has empowered people through sport and craftsmanship to create positive change in communities around the world. We innovate fearlessly, guided by our core values and driven by the belief that conventions were meant to be challenged. We foster a culture in which every associate feels welcomed and respected, where leaders and creatives are inspired to shape the world of tomorrow by taking bold action today.
The EMEA Senior Inventory Planner plays a central and critical role in delivering EMEA business results through planning and executing the purchasing and reservation of Finished Goods inventory for assigned product area. This team is responsible for the end-to-end flow of inventory in and out of the Region. Inventory Planning is responsible for the translation of forecast and demand requirements into purchase orders, resulting in optimised order book fulfillment to service all New Balance channels of business.
The ideal candidate will develop strong relationships with various teams across the business, demonstrating our key values; integrity, teamwork and total customer satisfaction. Confidence in influencing others will be key to this role, with cross functional collaboration essential.
MAJOR ACCOUNTABILITIES:- Inventory Management
- Translate market forecast and demands into Purchase Requisitions
- Manage Make to Stock (MTS) and Make to Order (MTO) items via Purchase Requisitions review and approval process
- Manage and Approve Direct & Cross-dock purchases
- Execute the planning and on-time delivery of Strategic and Allocated Programs
- Manage inventory levels by channel, product line & line plan business
- Using insight from sales planning, S&OP meetings and available reporting, dynamically manage on hand and incoming inventory
- Interface with Sales, Merchandising & Finance to drive sell-thru before End of Life where inventory opportunity has been identified through S&OP process
- Item Life Cycle Management: Beginning of Life (BOL), Middle of Life (MOL) and End of Life (EOL) strategy execution
- Review and manage life cycle behavior to ensure that item transitions are executed effectively
- Provide recommendations for service level updates and/or system enhancements to deliver process improvements
- Collaborate with Global Supply Planning across all Source Types to ensure Key Launch strategies are supported
- Analyse and evolve size curve recommendations and system functionality to optimise demand fulfillment and maximise the utilisation of finished goods inventory
- Leverage historical sales data (ie. sell through, consumer orders, etc) to create best in class size curve profiles and process recommendations
- Collaboration with cross functional stakeholders to gather business insights to influence and shape size curves for allocated and/or specific item sizing
- Lead and partner with cross functional stakeholders to execute strategic enhancements to all reservation & prioritisation business rule logic
- Incorporate best in class operating models and business practices to maximise inventory turns, on-time order fulfillment and minimise EOL inventory obsolescence (Ie. Booking Program Logic, Inventory Pool Optimisation, Inventory Shareability across markets & channels, Go-to-Market Execution)
- Own the logic and analysis for Customer Service Levels and Safety Stock to ensure optimised inventory levels and demand supportability
- Complete and on time order fulfillment
- Collaborate with Logistics and Customer Operations to ensure proper prioritisation of incoming receipts and transfers is aligned to regional strategies
- Active participant with focus on continuous improvement and evolving business processes within Operations meetings
- Proactive management of inventory availability and on-time order fulfillment
- Analyse Inventory dashboards & reporting to take appropriate action
- Execute Finished Goods Buy Summary
- Optimise order fulfillment for various strategic and priority items to ensure on time in market launches and replenishment
- Lead the resolution of supply related sales order management issues in collaboration with Customer Operations
- Active engagement within monthly S&OP process and all other relevant operational meetings
- Support teammates and provide necessary recommendations with expediting Finished Goods via various ship modes in partnership with Value Chain, Logistics, Customer Operations, etc. Ie. Air Freight, Inventory Transfers, etc
- Proactive Communication to Region of supply constraints
- Relevant number of years’ of related experience
- Must have knowledge of Inventory Planning, sales process, demand planning, item life cycle management
- High level of accountability and responsiveness to stakeholders
- Experience of full ownership of own area of expertise
- Strong numeric acumen, written and verbal communication skills
- Robust interpersonal skills with an emphasis on problem solving, conflicting objectives, and dealing with multiple customers and various priorities
- Ability to adapt quickly to changing priorities and manage time, multiple tasks, and deadlines effectively
- Continuous improvement mindset to facilitate the recommendation of business process and system functionality enhancements within evolving business model
- Occasional travel across the region may be required
- Proficient in Microsoft Office: Excel, Outlook, PowerPoint, Word, etc
- Experience with Microsoft D365, o9 and/or Spotfire, a plus
- APICS Certification, a plus
- Discretionary Bonus Opportunity
- Private Medical Insurance
- Dental Scheme
- Pension Scheme
- Flexible Working Hours
- Hybrid working (3 days on-site)
- 25 days Annual Leave per year
- Life Insurance
- On Site Gym
- Employee Discount
- Flexibility to work 20 days from anywhere each year
- Wellbeing and Mental Health Benefit (24/7 Employment Assistance Program & Support)
New Balance is committed to equality of opportunity for all current and prospective associates regardless of age, disability, race, religion or belief, gender, sexual orientation, pregnancy and maternity, marriage and civil partnership and gender reassignment. We are an equal opportunity employer and support a culture of diversity and inclusion.
Locations
Senior Inventory Planner in Cheshire, Warrington employer: New Balance
Contact Detail:
New Balance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Inventory Planner in Cheshire, Warrington
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those at New Balance. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by knowing your stuff! Dive deep into inventory planning concepts and be ready to discuss how your experience aligns with the role. Confidence is key!
✨Tip Number 3
Show off your problem-solving skills! Be ready to share examples of how you've tackled challenges in inventory management. This will demonstrate your fit for the Senior Inventory Planner role.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining the New Balance team.
We think you need these skills to ace Senior Inventory Planner in Cheshire, Warrington
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Inventory Planner role. Highlight your experience in inventory management and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about inventory planning and how your background aligns with our mission at New Balance. Let us know what makes you the perfect fit for this role.
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you've optimised inventory levels or improved processes in previous roles. We love seeing quantifiable results!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. We can’t wait to see what you bring to the table!
How to prepare for a job interview at New Balance
✨Know Your Inventory Basics
Before the interview, brush up on your knowledge of inventory planning and management. Understand key concepts like Make to Stock (MTS) and Make to Order (MTO), as well as how to translate market forecasts into actionable purchase requisitions. This will show that you’re not just familiar with the terms but can apply them in real-world scenarios.
✨Showcase Your Collaboration Skills
Since this role requires strong cross-functional collaboration, prepare examples of how you've successfully worked with different teams in the past. Think about times when you influenced others or resolved conflicts, and be ready to discuss these experiences during the interview.
✨Demonstrate Your Analytical Mindset
Be prepared to talk about how you use data to drive decisions. Familiarise yourself with inventory dashboards and reporting tools, and think of specific instances where your analysis led to improved inventory management or demand fulfilment. This will highlight your ability to leverage data effectively.
✨Emphasise Continuous Improvement
New Balance values a continuous improvement mindset, so come equipped with ideas on how you could enhance their inventory processes. Whether it’s through system functionality enhancements or optimising order fulfilment, showing that you’re proactive about improving operations will set you apart from other candidates.