Inventory Planner

As an Inventory Planner at Faherty, you will support the omni-channel merchandise planning processes, allocate inventory strategically to meet sales goals, analyze store inventory needs, and work on replenishment strategies to optimize inventory turns. Your contributions will directly impact the company’s performance and help shape the success of the Planning & Allocation team.

To be considered for the Inventory Planner role at Faherty, candidates typically need 2-4 years of experience in retail planning and allocation, a solid proficiency with Excel, and strong analytical skills. If you have experience in the multi-channel apparel or footwear sector, that will be a plus as well.

Faherty is dedicated to the professional development of its team members. As an Inventory Planner, you will work closely with experienced professionals in a collaborative environment. This allows for valuable mentorship and growth opportunities, including diverse projects that enhance your skill set within the realm of retail planning.

The salary range for the Inventory Planner position at Faherty is $65,000 to $80,000 per year. This range is determined by examining candidates' skills and experiences, ensuring that we offer competitive compensation in the industry.

Yes, Faherty offers a variety of benefits for the Inventory Planner role, including health benefits, a 401(K) plan with company match, an incentives program, and generous employee discounts. We aim to create a supportive work environment that values the well-being of our employees.

In responding to this question, you should highlight your time management skills and how you assess urgent versus important tasks. Share specific strategies such as using data to determine inventory needs or collaborating with team members to ensure efficient task completion.

Be prepared to discuss specific functions or tools within Excel you’ve used, such as pivot tables or VLOOKUP, to analyze inventory data. Providing concrete examples of how you've utilized Excel for planning and reporting will demonstrate your competency.

In your answer, consider discussing the importance of identifying trends and patterns in sales data. Explain how you utilize this analysis to make informed decisions about inventory allocation and replenishment strategies.

It's essential to showcase your problem-solving skills. Discuss the steps you would take to investigate the discrepancies, such as reviewing transaction histories and communicating with store teams to identify the causes and implement solutions.

Talk about your familiarity with the omni-channel approach, explaining how you’ve worked across various sales channels to ensure product availability and customer satisfaction. Share examples demonstrating your contribution to cohesive inventory strategies.

Highlight your organizational skills and communication strategies. Discuss how you work with different teams to coordinate timing, monitor inventory levels, and proactively plan for seasonal changes to ensure timely product distribution.

Your answer should include specific strategies you've implemented, such as adjusting merchandising plans based on sales trends, collaborating with the buying team for effective product assortments, or utilizing data to forecast demand accurately.

Be ready to share a detailed example of a project that had measurable successes. Discuss your role in the project, the challenges faced, and how your strategic planning and execution contributed to positive outcomes.

Express your ability to be adaptable and flexible in a fast-paced environment. Provide examples of past experiences where you successfully managed shifts in priorities and how you maintained focus on goals despite those changes.

Use this question to demonstrate your enthusiasm for the brand’s mission and values. Mention specific aspects of the company culture or product offerings that resonate with you, and discuss how your skills align with the company's focus on sustainability and quality.