Senior Inventory Allocation Planner

Summary

Join OLAPLEX, a dynamic beauty company, as a Senior Inventory Allocation Planner. You will manage inventory for innovative products, samples, and branded swag, ensuring optimal stock levels to meet business objectives and customer needs. This role involves collaborating with various teams, analyzing sales data, and optimizing inventory strategies. You will develop and execute allocation plans, monitor key metrics, and identify areas for process improvement. The ideal candidate possesses strong analytical and problem-solving skills, experience in inventory management, and proficiency in relevant software. OLAPLEX offers a competitive compensation package, including flexible paid time off, comprehensive benefits, and professional development opportunities.

Requirements

• Bachelor's degree in Supply Chain Management, Business, or a related field (or equivalent work experience)
• Minimum of 3-5 years of experience in inventory management, demand planning, or allocation planning, ideally within a consumer goods or innovation-driven industry
• Strong analytical and problem-solving skills, with the ability to interpret complex data and make strategic decisions
• Proficiency in inventory management software (e.g., SAP, Oracle, NetSuite) and advanced Excel skills
• Excellent communication and interpersonal skills, with the ability to work effectively with cross-functional teams
• Detail-oriented with strong organizational and multitasking abilities
• Ability to thrive in a fast-paced, dynamic environment with competing priorities and deadlines
• Knowledge of inventory management best practices, and supply chain optimization techniques

Responsibilities

• Develop and execute allocation strategies to ensure optimal inventory levels for new products, samples, branded swag, and limited release kits
• Analyze sales forecasts, historical trends, and product lifecycles to anticipate inventory needs and mitigate stockouts or overstock situations
• Work closely with product development, marketing, sales, and demand planning teams to align on upcoming product launches, sample requests, and initial build strategies
• Monitor days on hand metrics and report out any potential out of stocks in a proactive manner
• Ensure alignment between demand forecasts and inventory plans, adjusting allocations based on real-time feedback from stakeholders
• Collaborate with the procurement team to optimize order quantities and manage lead times for swag and innovation products
• Monitor and analyze inventory performance, including turnover rates, order fill rates, and stock-outs, and report findings to leadership
• Utilize inventory management systems to track product availability and identify trends or issues requiring corrective actions
• Develop and maintain inventory allocation reports for regular review, identifying opportunities for process improvements
• Continuously assess and improve inventory management processes to ensure efficiency and accuracy in the allocation process

Preferred Qualifications

• Experience managing inventory for promotional products, samples, or high-velocity product categories
• Experience with product lifecycle management and managing high-value or limited-edition items

Benefits

• The annual base pay for this position is $75,000 - $90,000 with eligibility for an annual bonus
• Competitive compensation
• Flexible paid time off
• 11 paid holidays
• Flexible work schedules
• Company Contribution to Medical, Dental, and Vision Insurance for Employees and their Families
• Company Paid Employee Life Insurance
• Optional additional Life Insurance
• Short and Long-Term Disability Coverage Options
• Up to 18 weeks for all new birthing-parents and up to 10 weeks for all non-birthing new parents
• Roth and 401k plans: 100% match up to the first 4% and is immediately vested
• Professional Development Reimbursement Program
• Twenty (20) free products per year, plus a friends and family discount