CVS Health

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Advisor, Inventory Planning

at CVS Health

Posted: 3/5/2019
Job Reference #: 950311BR
Keywords: management

Job Description

Job Title :
Advisor, Inventory Planning
Job ID :
Location :
RI - Woonsocket
Street Address :
1 CVS Drive
Category :
Inventory Management
Description :
Job Description
The Inventory Planner is accountable for managing/shaping demand and all of its components for a group of retail products working collaboratively with Category Management, ensuring inventory and service levels are within targets defined by leadership.

- Overall responsibility for accurately managing the forecast across a set of products/categories so that the business may be appropriately planned based on that forecast
- Work collaboratively with vendors and other parts of the business to ensure that key factors that influence demand are understood and reflected in the forecast
- Responsible for managing inventory levels for a set of products/vendors/categories to support demand while meeting inventory turn and service level targets


Achieve sales, margin, in-stock and inventory targets.

Collaborate with Merchants, Planners, and Analysts on item flows, JDA forecasts, seasonal plans and advertising schedule.

Develop and maintain baseline forecasts using JDA Demand module

Develop and maintain inventory and purchase plans using JDA Fulfill and Order Optimization module

Develop and maintain promotional, seasonal and event forecasts using Soft Solutions

Monitor Forecast accuracy and resolve exceptions with the goal of forecast improvement accounting for market intelligence

Works with Category and Planning leadership to understand trends, identify new products, new product and promotional strategies and evaluate impacts on demand

Monitor inventory and service level performance and resolve exceptions

Use input from the analytics team to determine appropriate forecast models and parameter settings

Work with Inventory and Category leadership to support a collaborative approach and structure.

Partner with Finance, Logistics & the Transportation organization to identify supply chain and financial opportunities

Required Qualifications
3+ years of Retail industry experience in Merchandise planning; Undergraduate degree in Business, Economics, Management Science, Mathematics, Statistics, Supply Chain or Operations Management

Preferred Qualifications
-JDA Forecasting & Replenishment.
-Master’s Degree in Supply Chain or MBA an asset Supply Chain Certification.
-Previous experience in an S&OP environment.
-Strong overall computer skills using quantitative products, such as Excel Mathematical and strong statistical knowledge.
-Strong analytical and problem-solving skills.
-Ability to calculate and analyze key forecasting metrics such as forecast MAPE and bias.
-Strong business/financial acumen and Supply Chain knowledge.
-Strong interpersonal and influencing skills.
-Ability to resolve high profile issues.
-Good judgment and decision-making ability.
-Excellent verbal and written communication skills, including facilitation skills.
-Strong time management and organizational skills. Demonstrated understanding of inter-relationship between demand planning and category management, supply planning, and finance

Bachelor's degree required.

Business Overview
It’s a new day in health care.

Combining CVS Health and Aetna was a transformative moment for our company and our industry, establishing CVS Health as the nation’s premier health innovation company. Through our health services, insurance plans and community pharmacists, we’re pioneering a bold new approach to total health. As a CVS Health colleague, you’ll be at the center of it all.

We offer a diverse work experience that empowers colleagues for career success. In addition to skill and experience, we also seek to attract and retain colleagues whose beliefs and behaviors are in alignment with our core values of collaboration, innovation, caring, integrity and accountability.

CVS Health is an equal opportunity/affirmative action employer. Gender/Ethnicity/Disability/Protected Veteran - we highly value and are committed to all forms of diversity in the workplace. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities. We comply with the laws and regulations set forth in the following EEO is the Law Poster: EEO IS THE LAW and EEO IS THE LAW SUPPLEMENT. We provide reasonable accommodations to qualified individuals with disabilities. If you require assistance to apply for this job, please contact our Advice and Counsel Reasonable Accommodations team. Please note that we only accept applications for employment via this site.

If technical issues are preventing you from applying to a position, contact Kenexa Helpdesk at 1-855-338-5609 or For technical issues with the Virtual Job Tryout assessment, contact the Shaker Help Desk at 1-877-987-5352.

Application Instructions

Please click on the link below to apply for this position. A new window will open and direct you to apply at our corporate careers page. We look forward to hearing from you!