Inventory Planning Analyst - Luminess Direct

 Now Hiring! Inventory Planning Analyst

Schedule: Monday- Friday 8:00 am to 5:30

Location: Houston, TX

Total Compensation: Based on Experience

Benefit: Medical, Dental, Vision and Paid Time off

About Luminess:

Luminess is the #1 Global Leader in Airbrush Systems & Airbrush Cosmetics and can be found in over a million homes across the country. Originally used in the fashion, print, television, and film industries, Luminess has redefined the traditional beauty routine with its at-home, flawless airbrush systems that can be used every day by every woman.

Summary:

Luminess is currently hiring an Inventory Planning Analyst. If you have a strategic mindset, have a background in supply chain, are outgoing and have exceptional organizational skills- Apply Today!

What you will be doing:

• Utilizes advanced forecasting tools and historical data to predict product demand accurately.
• Devises and implements strategies to optimize inventory levels, reduce excess stock and minimize carrying costs.
• Fosters strong collaboration with procurement, production, and sales teams to align inventory with demand forecasts.
• Place timely and effective purchase orders with suppliers to maintain optimal stock levels.
• Conducts in-depth analysis of inventory data, identifying trends, forecast accuracy and areas for enhancement.
• Drives continuous improvement initiatives to enhance the efficiency and accuracy of inventory planning processes.
• Designs inventory strategies that balance the composition of new and core, carry-over merchandise, support in-stock and turn objectives, and fit within the bounds of departmental receipt budget.
• Determines item level order quantities and flow strategies to ensure product availability.
• Partners with Supply Chain Analyst to ensure timely and accurate execution of purchase orders.
• Leverages historical data to identify key insights regarding product, pricing, and inventory, and apply the insights to future seasons.
• Reviews and determines appropriate presentation minimums and safety stock requirements.
• Owns monthly forecasting of department level open-to-buy and recommends near-term actions to achieve sales goals and budgeted inventory EOMs
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What you will need:

• 3+ years of hands-on experience in inventory planning or a related role.
• Bachelor's degree in business, supply chain management or a relevant field preferred.
• Strong analytical and problem-solving skills with proficiency in cutting-edge data analysis tools
• Excellent communication skills, with the ability to collaborate effectively across diverse departments.
• Experience in Digital vertical retail preferred.
• Exceptional organizational abilities, managing multiple tasks with precision.
• Proficiency in state-of-the-art inventory management software; familiarity with ERP systems is advantageous.
• Ability to objectively interpret data and extract actionable insights to drive the business operation.
• Proficiency in retail math formulas and calculations.
• Proficient in managing a traditional open-to-buy operation.
• Strong collaboration and communication skills. Comfortable addressing all levels of employees within the organization.
• Flexible and adaptive to changing priorities.

About Us: Luminess