- Location
- Philadelphia, PA 19106, United States of America
- Workplace
- Hybrid
- Type
- Full-time
- Source
- Workday
Description
At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.
It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!
POSITION SUMMARY:
The role is responsible for analyzing inventory data, forecasting demand, and optimizing replenishment orders to ensure product availability while minimizing excess inventory. This role involves working with sales data, internal teams, and market trends to develop accurate forecasts and efficient replenishment strategies. The role will collaborate with internal stakeholders to enhance inventory management processes.
RESPONSIBILITIES:
Forecasting & Demand Planning
Develop and maintain accurate demand forecasts using historical sales data, seasonal trends, and market insights.
Utilize forecasting tools and statistical models to predict future inventory needs.
Monitor forecast accuracy and adjust models based on demand fluctuations.
Experience with core demand forecasting concepts such as run rates, seasonality, lost sales, safety stock
Replenishment & Ordering
Optimize replenishment strategies to balance stock availability with cost efficiency.
Generate and review replenishment orders, ensuring timely and accurate stock levels.
Adjust ordering parameters based on sales trends, promotions, and internal business needs.
Leverage replenishment suggested order quantities from Invent to write purchase orders in Bamboo Rose
Data Analysis & Reporting
Analyze key metrics such as inventory turnover, fill rates, and stock levels to drive replenishment decisions.
Identify trends, anomalies, and improvement opportunities within replenishment processes.
Provide reports and insights to leadership on inventory health, demand patterns, and replenishment performance
Perform analyses and provide recommendations to support inventory and replenishment decisions.
Collaboration & Process Improvement
Directly work with Buyers, Planners, Allocation Analysts and Suppliers on the inventory strategy and future forecasts for the core replenishment assortment.
Support system enhancements and automation initiatives for forecasting and replenishment.
Help develop best practices for inventory planning and replenishment efficiency and how our team will partner with cross-functional groups.
QUALIFICATIONS:
Education: Bachelor’s degree in Business, Statistics, Analytics, or a related field.
Experience: 2+ years in demand planning, replenishment, inventory management, analytics or a related field.
Technical Skills:
Proficiency in forecasting and inventory management software (e.g., SAP, Blue Yonder, Oracle, etc.).
Strong Excel skills, including pivot tables, VLOOKUP, and data visualization tools.
Experience with interpreting user stories to create reports in reporting platforms (e.g., Power BI, Tableau)
Order Management System experience, Bamboo Rose a plus
SQL/Python/R experience a plus
Analytical Thinking: Proven ability to interpret complex data sets and make data-driven decisions.
Attention to Detail: Strong focus on accuracy in forecasting and ordering.
Communication Skills: Ability to present findings and collaborate with multiple stakeholders.
Problem-Solving: Capable of identifying issues, recommending effective solutions, and implementing those solutions systemically.
Five Below is an Equal Opportunity Employer
Explore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered—check it out today! benefits.fivebelow.com/public/welcome
Five Below is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws.
Five Below is committed to working with and providing reasonable accommodations for individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please submit a request and let us know the nature of your request and your contact information. crewservices.zendesk.com/hc/en-us/requests/new
BE AWARE OF FRAUD! Please be aware of potentially fraudulent job postings or suspicious recruiter activity by persons that are posing as a Five Below recruiters. Please confirm that the person you are working with has an @fivebelow.com email address. Additionally, Five Below does NOT request financial information or payments from candidates at any point during the hiring process. If you suspect fraudulent activity, please visit Five Below's Career Site to verify the posting. fivebelow.com/info/careers
