Director, Inventory Management

Job Description

The Director, Inventory Management leads multiple Inventory teams who manage replenishment for over $2B of product inventory for our store and distribution center network.  This position is responsible for developing and executing strategic plans to drive sales through in-stocks and cash flow through inventory management. This role will partner cross-functionally with Merchandising, external vendors, Market Availability, Visual Merchandising, Supply Chain, and our Field teams to drive key replenishment initiatives supporting complex and strategic product categories. This role will directly support 4 Merchandising Directors responsible for our sales floor product categories.  In addition, this role is responsible for leading a team through major projects/initiatives and ensuring execution across the team is at or above the expectations while supporting the development of talent through training, development plans and on the job business experience. 

This position is part of a Hybrid work arrangement based in Raleigh, NC requiring four days a week in office.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned. 

Budget Planning 

• Lead the annual inventory budget process ensuring timeliness, accuracy, and transparency 

• Develop strategy to support and guide team members in forecasting and purchasing plans and activities 

• Develop fiscal budgets for inventory levels along with managing the weekly open to buy process to ensure the proper flow of merchandise.  

• Monitor POG purchases, seasonal builds, and forward buys; Engage teams as needed to adjust as needed 

• Partner with senior and executive level leaders to ensure that the forecasting process is appropriately supporting and enabling the supply chain  

• Manage the exception process within the business parameters to achieve the business objectives and strategies 

Promotion Management 

• Develop and implement strategic plans to drive in-stock/sales and inventory management/cash flow 

• Proactively problem solve business opportunities, system challenges and implementations  

• Regularly review business results and trends to identify areas to maximize sales and minimize inventory investments 

• Partner with merchant team in accurately forecasting sales results and inventory order needs for promotions 

• Drive increased In-stock % and improved Inventory Turn through forecast accuracy improvements 

• Effectively manage the seasonal profiling process, ensuring accurate representation of items and demand patterns