hero

Career opportunities at lool portfolio companies

lool ventures
lool ventures
16
companies
86
Jobs

Demand and Inventory Planner

Flip

Flip

El Segundo, CA, USA
Posted on Thursday, May 23, 2024
Join the Flip team:
A social shopping app [network] redefining the online shopping experience. Born from the idea that shopping should be a communal, transparent, and enriching experience, Flip has quickly become the go-to platform for users who crave authenticity and connection in their shopping journey. At Flip, we believe in the power of real reviews, high-quality products, and a seamless shopping experience that transforms browsing into an engaging adventure. From discovery to checkout, Flip offers everything in one place, fostering a community where every purchase is a shared experience.
The Opportunity:
Are you ready to be part of something truly groundbreaking? As Demand and Inventory Planner at Flip Shop, you'll play a pivotal role in our mission to revolutionize e-commerce. You'll be responsible for managing and optimizing inventory levels to meet customer demand while minimizing excess inventory and stock-outs.
We are seeking an experienced Planner with a minimum of three years of hands-on experience in e-commerce or social commerce. This role requires a strong analytical mindset, excellent communication skills, and the ability to collaborate cross-functionally with operations, buying and accounting teams. In this role you will be external facing, prior experience working with vendor or brand partners is required.

Responsibilities:

  • 1. Inventory Management:
  • Develop and implement inventory strategies to optimize stock levels and meet customer demand.
  • Monitor inventory levels in relationship to current sales trends.
  • Analyze historical sales data, market trends, seasonality and content virality to forecast future demand accurately.
  • Identify slow-moving or obsolete inventory and develop strategies to minimize excess stock.
  • 2. Demand Forecasting:
  • Collaborate with buying team and vendor partners to gather insights into upcoming promotions, product launches, and marketing campaigns.
  • Build and utilize forecasting models and tools to predict future demand and adjust inventory plans accordingly.
  • Regularly review forecast accuracy and make adjustments as necessary to improve forecast performance.
  • 3. Performance Analysis and Reporting:
  • Generate regular reports and dashboards to track key performance indicators (KPIs) such as inventory turns, fill rates, and in-stocks.
  • Conduct root cause analysis of inventory discrepancies and implement corrective actions to improve accuracy.
  • Identify areas for process improvement and recommend solutions to streamline inventory management processes.

Qualifications:

  • Bachelor's degree in business, supply chain management, or a related field.
  • Minimum of three years of experience in inventory planning or supply chain management, preferably in ecommerce or social commerce.
  • Proficiency in inventory management software and ERP systems (e.g., NetSuite) ideal, but not required.
  • Strong analytical skills with the ability to interpret data, trends, and KPIs.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively across teams.
  • Detail-oriented mindset with a focus on accuracy and efficiency.
  • Advanced proficiency in Microsoft Excel or other data analysis tools.
  • Ability to thrive in a fast-paced environment and adapt to changing priorities.

Preferred Qualifications:

  • Experience with demand planning software or forecasting models.
  • Knowledge of e-commerce platforms and marketplace dynamics.