Director, Inventory Management at Advance Auto Parts

Raleigh, North Carolina, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Retail, Automotive PartsIndustries

Requirements

Lead multiple Inventory teams managing replenishment for over $2B of product inventory across store and distribution center network
Develop and execute strategic plans to drive sales through in-stocks and cash flow through inventory management
Partner cross-functionally with Merchandising, external vendors, Market Availability, Visual Merchandising, Supply Chain, and Field teams to drive key replenishment initiatives for complex product categories
Directly support 4 Merchandising Directors responsible for sales floor product categories
Lead team through major projects/initiatives, ensure execution meets or exceeds expectations, and support talent development through training, development plans, and on-the-job experience
Part of Hybrid work arrangement based in Raleigh, NC, requiring four days a week in office

Responsibilities

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 and manage the weekly open to buy process to ensure proper flow of merchandise
Monitor POG purchases, seasonal builds, and forward buys; engage teams to adjust as needed
Partner with senior and executive level leaders to ensure forecasting process supports and enables the supply chain
Manage the exception process within business parameters to achieve objectives and strategies
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 to accurately forecast 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
Manage inventory portfolio at all locations to achieve plan goals (EBITA, Sales, Inventory targets, Non-Working Inventory, Service Level/In-Stock, Distribution Center)
Work with management team to establish guidelines for managing order exceptions and guide team to achieve budgeted goals and metrics
Identify and drive inventory replenishment improvement initiatives across departments and teams to improve supply chain efficiency
Manage merchandise inventories to achieve plan sales, service level/in-stock, turnover, and financial strategies
Identify and communicate inventory changes to Supply Chain teams and collaborate to increase Inventory and DC efficiencies
Partner with Merchant leadership to improve vendor performance in on-time delivery, cost reduction, and order fill accuracy
Activate and develop CPFR partnerships with key strategic vendors
Proactively seek input and feedback from internal and external partners to resolve issues
Engage cross-functional partners to identify and deploy initiative improvements
Effectively share clear, concise, accurate information