Senior Inventory Allocation Planner (Remote Role)

As a Senior Inventory Allocation Planner at OLAPLEX, Inc., your primary responsibilities will include developing and executing allocation strategies for our innovative product lines and promotional samples, analyzing sales forecasts to anticipate inventory needs, and collaborating with teams such as demand planning, procurement, and marketing. You’ll monitor inventory performance and work to ensure we meet customer demands effectively.

To qualify for the Senior Inventory Allocation Planner role at OLAPLEX, Inc., candidates should possess a Bachelor's degree in Supply Chain Management or a related field, combined with a minimum of 3-5 years of experience in inventory or demand planning. Experience with managing promotional products and strong analytical skills are highly desirable for success in this role.

OLAPLEX, Inc. is committed to the professional development of its employees, including Senior Inventory Allocation Planners. We offer a Professional Development Reimbursement Program to help you pursue growth opportunities and expand your skill set, ensuring you remain competitive in your career while striving towards our shared goals.

In the Senior Inventory Allocation Planner position at OLAPLEX, Inc., you will utilize various inventory management software tools, such as SAP or Oracle, as well as advanced Excel for data analysis. Familiarity with these systems will be essential for tracking inventory trends and making informed allocation decisions.

At OLAPLEX, Inc., we believe in creating a culture that promotes diversity, equity, and inclusion across all levels of our organization, including the Senior Inventory Allocation Planner position. We celebrate individuals from all backgrounds and are committed to creating an environment where every employee feels valued and empowered to contribute.

When answering this question, highlight specific inventory management systems you’ve used, such as SAP or Oracle. Discuss how you utilized these tools to track inventory levels, forecast needs, and improve efficiency, demonstrating your technical proficiency and problem-solving abilities.

In your response, share specific strategies such as maintaining safety stock levels, analyzing demand trends, and developing robust forecasting methods. Emphasize your proactive approach to inventory management and how it aligns with OLAPLEX's commitment to customer satisfaction.

Provide a detailed account of a situation where demand shifted unexpectedly, explaining the steps you took to reassess allocation plans. Focus on your analytical skills, ability to collaborate with other teams, and how you communicated these changes effectively to leadership and stakeholders.

Identify key metrics such as days on hand, turnover rates, order fill rates, and stock-outs. Explain why these metrics are crucial for inventory planning and how you use them to make data-driven decisions that support the goals of OLAPLEX.

Discuss your approach to communication and collaboration with cross-functional teams. Stress the importance of regularly analyzing forecasts and inventory levels, allowing you to make adjustments in real-time based on insights from sales and marketing.

Share specific experiences where you managed fast-moving or promotional items, detailing the strategies you used to ensure adequate stock levels while effectively minimizing excess inventory. Highlight your analytical abilities and understanding of market trends.

Emphasize your ability to simplify complex information and provide clear, actionable insights. Mention that using visual aids and straightforward language can facilitate better understanding, ensuring everyone is on the same page regarding inventory challenges.

Demonstrate your time management and organizational skills by sharing techniques that help you prioritize tasks effectively. Discuss your ability to remain flexible and driven while adapting to new challenges without compromising deliverables.

Share specific examples of processes you’ve improved or innovative ideas you’ve introduced in your past roles that successfully enhanced efficiency or accuracy in inventory management. Connect these innovations to OLAPLEX’s goals for growth and innovation.

Explain your process for analyzing market trends, collaborating with cross-functional teams, and utilizing data to create a strategic allocation plan for a product launch. Highlight how your approach aligns with OLAPLEX's mission to deliver effective and innovative products.