Ulta Beauty Job - 37251598 | CareerArc
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Company: Ulta Beauty
Location: Bolingbrook, IL
Career Level: Director
Industries: Retail, Wholesale, Apparel

Description

OVERVIEW

Experience professional empowerment. With over 1,200 stores throughout the U.S., designs to expand internationally, and a thriving E-Commerce platform, Ulta Beauty provides its merchandise associates the bandwidth needed to set new trends, identify potential, and take calculated risks. For professionals with an adventurous spirit who thrive in a collaborative context, who are energized by ambiguity and problem-solving, who want to experience the results of their efforts, and who are inspired by the recognition of superior performance—we encourage you to make all of it your own. Discover the possibilities of Ulta Beauty. And experience greater heights of professional success & personal satisfaction.

THE IMPACT YOU CAN HAVE:

The Director of Merchandise Planning & Replenishment is responsible for setting overall Merchandise Planning and Inventory strategy in conjunction with Supply Chain and Merchandising Leadership.  They will set the direction for their merchandise planning and replenishment team to ensure the initiatives and priorities are integrated and aligned with the business goals of the company as well as oversee the execution of the function. They will lead, coach and develop the Planning & Replenishment team to achieve financial objectives and optimal inventory management as well as prepare them for broader responsibilities.  They must be passionate about leading a large cross functional team through change as well as develop a vision/strategy to support Ulta's long term growth. This position is ultimately accountable for long range financial goals, vendor relations & income management, forecasting accuracy and inventory management.  They will work in collaboration with Supply Chain, Merchants, and Finance organizations to develop and implement replenishment processes to drive revenue and margins. The position reports directly to the VP/Sr. Director of Planning & Inventory.  

 

PRINCIPAL JOB DUTIES & RESPONSIBILITIES

  • Works cross functionally with Supply Chain, Merchandising, and Finance partners to develop short- and long-range strategies to reconcile to the company's 5 Year Strategic Plan
  • Partner with Merchandising on annual financial planning, working with Finance to align and ultimately execute against company objectives.
  • Continuously develop & streamline processes as the business evolves in order to continue to move the planning/inventory organization forward.
  • Provide insights that will develop and support business strategies and growth initiatives; drive analysis that guides and educates the team on merchandising/financial decisions and clearly outlines successes & opportunities. Coordinate with and serve as primary analytical support to the Merchandise Buying team and assist/influence merchandising decisions & vendor cost negotiations, including analysis of vendor and product performance
  • Collaborates with merchandising on OTB management and ensures purchases fit within inventory plan and will deliver the required sales volume, net margin, and inventory turn goals
  • Works with merchants to evaluate past and current product performance in order to develop merchandise strategy. 
  • Quantify risk/opportunity and provide appropriate recommendations to deliver overall company financial objectives.
  • Evaluates actual results against plan.  Identifies opportunities to increase sales and reduce markdown liability and recommends appropriate action.
  • Work with Supply Chain to optimize inventory movement.  Develop strategies to improve network, flow, turn, in-stocks and lower costs. 
  • Leads Merchant organization through monthly forecast process to accurately assess the current state of the business and provide accurate future forecasts.
  • Responsible for adjusting forecasts based on actual performance and provide recommendations and options with respect to lifecycle management, exit strategies and clearance inventory liquidation.
  • Champion and support new business, change and systems initiatives that support Ulta's growth and competitive edge

THE ESSENTIALS FOR SUCCESS:

 

Qualified candidates will possess a Bachelor's Degree and a minimum of 8-12 years of progressive experience overseeing planning in a retail environment with a high growth retailer. Additional requirements include:

 

  • Most recently at a Senior Manager or Director level.
  • Ability to lead a large team (20-24 team members) with a strong focus on team member growth and development that reinforces the company culture and long-term growth
  • Ability to communicate effectively and clearly, reflecting an appropriate sense of urgency to all levels of management and with a collaborate management style
  • Strong business and financial analysis skills. Solid understanding of financial measurements including sales, gross margin, inventory turn and how to impact them.
  • Strong retail math acumen, including elements of markup, margin planning, open-to-buy, inventory productivity measures (WOS, T/O, GMROI).
  • Experience directly managing people and their performance.  Ability to collaborate, adapts, change priorities and prioritize workloads to meet deadlines.
  • Strong communication and presentation skills; extensive exposure to Senior Leadership.
  • Ability to build a business case and articulate financial concepts to non-financial business partners in a clear and concise manner.
  • Advanced computer skills to include MS Word, Excel, Power Point, Outlook and Data Warehouse.
  • Forecast & Replenishment, Financial Planning, and Allocation system experience preferred (ex. JDA F&R, Manhattan - DFIO, Manugistics, E3, Arthur Allocations)

PREFERRED OR SPECIAL POSITION REQUIREMENTS

  • Some travel required.

WORKING CONDITIONS

  • Normal office hours.

 

#LI-VA1


ABOUT

At Ulta Beauty (NASDAQ: ULTA), the possibilities are beautiful. Ulta Beauty is the largest North American beauty retailer and the premier beauty destination for cosmetics, fragrance, skin care products, hair care products and salon services. We bring possibilities to life through the power of beauty each and every day in our stores and online with more than 25,000 products from approximately 500 well-established and emerging beauty brands across all categories and price points, including Ulta Beauty's own private label. Ulta Beauty also offers a full-service salon in every store featuring—hair, skin, brow, and make-up services.

 

We will consider for employment all qualified applicants, including those with arrest records, conviction records, or other criminal histories, in a manner consistent with the requirements of any applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act.



Qualifications

THE ESSENTIALS FOR SUCCESS:

 

Qualified candidates will possess a Bachelor's Degree and a minimum of 8-12 years of progressive experience overseeing planning in a retail environment with a high growth retailer. Additional requirements include:

 

  • Most recently at a Senior Manager or Director level.
  • Ability to lead a large team (20-24 team members) with a strong focus on team member growth and development that reinforces the company culture and long-term growth
  • Ability to communicate effectively and clearly, reflecting an appropriate sense of urgency to all levels of management and with a collaborate management style
  • Strong business and financial analysis skills. Solid understanding of financial measurements including sales, gross margin, inventory turn and how to impact them.
  • Strong retail math acumen, including elements of markup, margin planning, open-to-buy, inventory productivity measures (WOS, T/O, GMROI).
  • Experience directly managing people and their performance.  Ability to collaborate, adapts, change priorities and prioritize workloads to meet deadlines.
  • Strong communication and presentation skills; extensive exposure to Senior Leadership.
  • Ability to build a business case and articulate financial concepts to non-financial business partners in a clear and concise manner.
  • Advanced computer skills to include MS Word, Excel, Power Point, Outlook and Data Warehouse.
  • Forecast & Replenishment, Financial Planning, and Allocation system experience preferred (ex. JDA F&R, Manhattan - DFIO, Manugistics, E3, Arthur Allocations)

PREFERRED OR SPECIAL POSITION REQUIREMENTS

  • Some travel required.

WORKING CONDITIONS

  • Normal office hours.

 

#LI-VA1



Responsibilities

THE IMPACT YOU CAN HAVE:

The Director of Merchandise Planning & Replenishment is responsible for setting overall Merchandise Planning and Inventory strategy in conjunction with Supply Chain and Merchandising Leadership.  They will set the direction for their merchandise planning and replenishment team to ensure the initiatives and priorities are integrated and aligned with the business goals of the company as well as oversee the execution of the function. They will lead, coach and develop the Planning & Replenishment team to achieve financial objectives and optimal inventory management as well as prepare them for broader responsibilities.  They must be passionate about leading a large cross functional team through change as well as develop a vision/strategy to support Ulta's long term growth. This position is ultimately accountable for long range financial goals, vendor relations & income management, forecasting accuracy and inventory management.  They will work in collaboration with Supply Chain, Merchants, and Finance organizations to develop and implement replenishment processes to drive revenue and margins. The position reports directly to the VP/Sr. Director of Planning & Inventory.  

 

PRINCIPAL JOB DUTIES & RESPONSIBILITIES

  • Works cross functionally with Supply Chain, Merchandising, and Finance partners to develop short- and long-range strategies to reconcile to the company's 5 Year Strategic Plan
  • Partner with Merchandising on annual financial planning, working with Finance to align and ultimately execute against company objectives.
  • Continuously develop & streamline processes as the business evolves in order to continue to move the planning/inventory organization forward.
  • Provide insights that will develop and support business strategies and growth initiatives; drive analysis that guides and educates the team on merchandising/financial decisions and clearly outlines successes & opportunities. Coordinate with and serve as primary analytical support to the Merchandise Buying team and assist/influence merchandising decisions & vendor cost negotiations, including analysis of vendor and product performance
  • Collaborates with merchandising on OTB management and ensures purchases fit within inventory plan and will deliver the required sales volume, net margin, and inventory turn goals
  • Works with merchants to evaluate past and current product performance in order to develop merchandise strategy. 
  • Quantify risk/opportunity and provide appropriate recommendations to deliver overall company financial objectives.
  • Evaluates actual results against plan.  Identifies opportunities to increase sales and reduce markdown liability and recommends appropriate action.
  • Work with Supply Chain to optimize inventory movement.  Develop strategies to improve network, flow, turn, in-stocks and lower costs. 
  • Leads Merchant organization through monthly forecast process to accurately assess the current state of the business and provide accurate future forecasts.
  • Responsible for adjusting forecasts based on actual performance and provide recommendations and options with respect to lifecycle management, exit strategies and clearance inventory liquidation.
  • Champion and support new business, change and systems initiatives that support Ulta's growth and competitive edge


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