Loloi Rugs is a leading textile brand that designs and crafts rugs, pillows, and throws for the thoughtfully layered home. Family owned and led since 2004, Loloi is growing more quickly than ever. To date, we've expanded our diverse team to hundreds of employees, invested in multiple distribution facilities, introduced thousands of products, and earned the respect and business of retailers and designers worldwide. A testament to our products and our team, Loloi has earned the ARTS Award for "Best Rug Manufacturer" in 2010, 2011, 2015, 2016, 2018, and 2023.
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Director of Planning & Inventory Management
At Loloi, carrying the right amount of inventory-at the right time and at the right place-is critical to our success. As our Director of Planning and Inventory Management, you will help lead a team responsible for forecasting, planning, and managing the inventory of over 10,000 SKUs in multiple textile categories from around the world. Our ideal candidate has years of experience and expertise in leading planning and inventory management for a mid-sized and fast-growing company with multiple sales channels.
This role will partner with the VP of Planning and Inventory Management to maximize sales, profitability and optimize inventory levels to support our multiple category channels. The successful candidate will partner with cross-functional teams to establish processes, systems and collaborative relationships needed for the effective delivery, replenishment, sell-through and mark downs of merchandise. This role will be responsible for developing and implementing the strategic merchandise business plan with the support of the Vice President of Planning and Inventory Management.
The Director of Planning and Inventory management will develop comprehensive merchandise strategy, budgeting and forecasting, derived from analysis of customer analytics, historical data and client demands to provide accurate financial inputs to the leaders of Loloi.
Act as a change leader to support company initiatives, actively participate in strategic decision making, proactively challenge the status quo, present alternative approaches and highlight potential issues. The ideal candidate will be an integral part of the Loloi Inventory Team.
Responsibilities
Develop the overall financial plans, class plans, flow and bottoms-up assortment plan that execute the merchandise strategy while maintaining financial objective.
Continuously improve related business tools, systems and methodologies to help deliver results in inventory management.
Oversee the process and communication with vendors, suppliers, and factories to ensure on time PO commitments and delivery dates are met.
In partnership with Finance develop a financial model for new product categories, including forecasting, budgeting and long-range planning.
Partner with key stakeholders to build a collaborative planning process to increase visibility, drive performance, and achieve short and long-term company objectives.
Manage inventory cash flow in partnership with finance and merchandising, accurately forecasting inventory needs that align with open-to-buy while optimizing cash out-flow by month.
Collaborate with key business partners on ways to mitigate forecast risks and maximize sales opportunities.
Responsible for continually improving forecast and inventory accuracy.
Provide ad-hoc analysis and lead various other reporting projects including decision support, metrics and analytics.
Manage building, leading and motivating a team and making recommendations on future team needs and structure.
Requirements
8+ years minimum of Planning experience
Bachelors degree in finance, Merchandising, or Business Management preferred
Preferably held a management position with a digitally native, high-growth, eCommerce-first retail brand
Experience in home furnishings preferred
Advanced Excel skills and the ability to adapt to new systems
Willing to roll up sleeves; no job is too small an attitude
What We Offer
Health, dental, and vision benefits
Paid parental leave
401(k) with employer match
A culture of meritocracy that fosters ongoing growth opportunities
A stable, growing family-owned company that looks after its employees