Inventory Planning Manager

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Position Summary

The Manager Inventory Planning is an end-to-end supply chain planning professional responsible for inventory planning and replenishment across an assigned portfolio of retail products supplier lines and categories. The role manages the planning process from store-level demand through purchasing and supply execution maintaining inventory needed to support sales while achieving established inventory KPIs. The Manager works collaboratively with Category Management Merchandising Finance Logistics Transportation Distribution Center teams suppliers and analytics partners to align item promotional seasonal planogram and supply plans with sales margin in-stock GMROII inventory-turn and financial objectives.

The role operates as a senior individual contributor providing subject-matter expertise cross-functional leadership prioritization and issue resolution without direct people-management responsibility.

Location: Hybrid based out of 1 CVS Drive Woonsocket RI with required onsite attendance Tuesdays and Wednesdays (2 days/week). Candidates must be able to commute regularly to the Woonsocket office.

Key Responsibilities:

Inventory Planning & Replenishment

• Lead the development and ongoing management of baseline promotional seasonal and event forecasts across assigned products vendors and categories.
• Develop and manage inventory and purchase plans that support demand while achieving inventory GMROII turn service-level sales margin and in-stock targets.
• Monitor inventory positions and service performance identify exceptions and take timely corrective action to address shortages excess inventory forecast risk and supply constraints.
• Ensure item flows replenishment settings lead times order parameters and seasonal strategies accurately reflect current business needs.
• Ensure promotional and planogram readiness by aligning forecasts purchasing inventory flow and execution timing.

Forecasting & Analytics

• Guide the team in developing and maintaining forecasts using JDA or comparable forecasting and replenishment applications.
• Monitor forecast accuracy bias in-stock fill rate and on-time and in-full (OTIF) performance; identify root causes and implement actions that improve forecast and supply performance.
• Use market intelligence sales trends promotional activity vendor input and analytics recommendations to refine forecast models and planning assumptions.
• Translate complex inventory and demand information into clear risks opportunities and recommendations for business leaders.

Cross-Functional Partnership

• Partner with Merchants Category Managers Planners Analysts Finance Logistics Transportation Distribution Center teams and suppliers to align demand and supply plans.
• Work with Category and Planning leadership to evaluate new products assortment changes promotional strategies advertising schedules and other demand-driving activities.
• Lead collaborative discussions with vendors and internal partners to resolve service issues capacity constraints order minimums and other supply-chain risks.
• Identify potential supply disruptions including supplier delays and weather-related events and develop practical mitigation strategies.
• Promote an integrated planning approach across demand planning category management supply planning operations and finance.

Process Improvement & Business Performance

• Identify and implement opportunities to improve planning processes inventory productivity forecast accuracy and service performance.
• Standardize planning routines reporting and exception-management practices across the assigned portfolio.
• Partner with leadership and analytics teams to evaluate planning models parameters tools and performance measures.
• Support initiatives that improve financial performance supply-chain efficiency and the customer experience.

Required Qualifications

• 5 years of experience in retail ecommerce consumer packaged goods inventory planning replenishment supply chain or a related discipline.
• 3 years of experience in demand planning supply planning inventory planning or a similar function.
• Demonstrated experience leading complex projects processes and cross-functional initiatives.
• Strong analytical financial and problem-solving skills including the ability to interpret sales forecast inventory and service-level performance.
• Proficiency with supply chain planning systems and advanced proficiency with Excel and other quantitative planning or reporting tools.
• Excellent written and verbal communication skills with the ability to influence partners and present recommendations to leadership.
• Strong judgment decision-making prioritization and organizational skills.

Preferred Qualifications

• Experience with JDA/Blue Yonder Forecasting and Replenishment Fulfillment Order Optimization or comparable planning systems.
• Experience working in a sales and operations planning environment.
• Working knowledge of forecast accuracy measures including MAPE and forecast bias.
• Bachelors degree in Business Economics Management Science Mathematics Statistics Supply Chain Operations Management or a related field or equivalent experience.
• Masters degree MBA or professional supply-chain certification.

Education

Bachelors Degree or equivalent work experience

Anticipated Weekly Hours

Time Type

Pay Range

The typical pay range for this role is:

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience education geography and other relevant factors. This position is eligible for a CVS Health bonus commission or short-term incentive program in addition to the base pay range listed above.

Our people fuel our future. Our teams reflect the customers patients members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.

Additional details about available benefits are provided during the application process and on Benefits Moments.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal state and local laws.