The primary responsibility of the Merchandise Planning Manager is to develop merchandise inventory strategies and financial forecast for Lowes Pro Supply (a subsidiary of Lowe's) that delivers a compelling value proposition for both traditional and new customer segments. This role involves collaboration with cross functional teams including merchandising, purchasing, marketing, and other corporate functions to design and implement effective inventory strategies that drive profitable sales growth while meeting customer demand.
Essential Functions:
• Identifies and manages assortment gaps and localization opportunities within Lowe's Pro Supply.
• Analyze sales trends, inventory levels, and historical data to forecast future demands and adjust replenishment strategies accordingly.
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• Monitor inventory levels and turnover rates to optimize stock levels and minimize excess inventory.
• Evaluate key performance indicators including turnover, gross margin, and sell-through rates to ensure availability meets customer demand.
• Collaborate with the buying team to ensure inventory levels are optimized and product availability meets customer demand.
• Develop and refine standardized reports and processes to enhance efficiency and advance productivity.
• Partner with finance to create and manage merchandise budgets, maximizing profitability, and minimize risk.
• Communicate merchandise plans and strategies to senior management, buying, and merchant teams, providing regular updates on performance.
• Analyze and identify opportunities to improve efficiency by monitoring unproductive skus and product sell through rates.
• Develop seasonal inventory planning and management strategies.
Minimum Requirements:
• Bachelor's Degree - Business Administration, Merchandising, Marketing, Finance or related field
• 5-7 years' experience in retail merchandising, inventory management, or a related field
• 3-5 years' experience in retail a managerial or leadership role
Preferences:
• Certifications in merchandising, inventory management, or retail management (e.g., Certified in Production and Inventory Management (CPIM), or Certified Supply Chain Professional (CSCP)
Lowe's is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
Pay Range: $95,500.00 - $159,200.00 annually Starting rate of pay may vary based on factors including, but not limited to, position offered, location, education, training, and/or experience. For information regarding our benefit programs and eligibility, please visit https://talent.lowes.com/us/en/benefits.