Soma Capital Portfolio Jobs

Inventory Planner - Grocery

Misfits Market

Misfits Market

Posted on Saturday, November 18, 2023

Misfits Market is a mission-driven, high-growth startup dedicated to reducing food waste and making shopping for sustainable, high-quality groceries easier and more affordable. We deliver organic produce, high-quality meats and seafood, plant-based proteins, dairy, bakery, wine, and other grocery items to nearly every zip code in 48 states at up to 30 percent off traditional grocery store prices. In 2022, Misfits Market acquired sustainable e-grocer Imperfect Foods and now leverages its in-house transportation network to deliver directly to consumers with one of the most carbon-efficient grocery delivery models on the market. By tackling inefficiencies in the food system, our passionate and motivated team of problem solvers helps save an average of 500,000 pounds of food per week from waste or lesser outcomes, with an all-time savings of 190+ million pounds of food.

The Inventory Planner is on the Planning & Analytics Merchandising team. They will be responsible for managing future forecasts, current inventory levels, order placement, and analytics. This position reports to the Director of Inventory Planning, Grocery.


  • Consistently meeting quarterly metrics including sales and inventory plans based on forecast accuracy, on-time deliveries, in-stock rate, and overall inventory levels.
  • Demonstrate logical analytical abilities, creative problem-solving skills, and financially sound judgment to deliver conclusions and recommendations to the Director of Inventory Planning and cross-functional teams.
  • Provide weekly, monthly and quarterly sales and inventory reporting to the entire Merch team and deliver POV on the opportunities within the business.
  • Manage a monthly Open to buy at the category level- including sales trends and inventory forecasting.
  • Forecasting at the item and fulfillment center level quantities needed within assigned categories to meet sales plans, minimize shrink risk, and hit planned inventory level targets.
  • Purchase Order management. This includes creating Purchase Orders, verifying all information on purchase orders is correct, sending purchase orders to vendors, and tracking purchase orders until they deliver to our fulfillment centers.
  • Work with Merchandising and Brand to implement promo/ad internal programs, ensuring success from beginning to end by providing inventory metrics as well as historical sales analytics
  • Assist finance with resolving PO and invoice discrepancies. Coordinate with receivers to verify arrivals. Work with vendors to resolve any quality or quantity issues.
  • Work closely with your Category Manager partner to ensure the merchandising strategy is aligned with the company mission and sales and inventory targets.
  • Work closely with your Category Manager partner to ensure the merchandising strategy is aligned with the company mission and sales and inventory targets.
  • Manage weekly business opportunities to create innovative and efficient solutions to business opportunities and risks to the organization

Skills and Qualifications:

  • 2-5 years experience in Merchandise Planning and/or Demand Planning
  • Experience in quickly solving issues and working in a fast-paced environment.
  • Ability to manage multiple priorities and pivot as needed.
  • Proficient with Excel, Word, Google Sheets/Docs, and ERP systems
  • Excellent interpersonal skills
  • Bachelor’s degree

About You:

  • You're highly energetic and friendly attitude, ready to learn
  • You're extremely organized with strong attention to detail
  • You're able to prioritize and meet deadlines
  • You’re comfortable with ambiguity
  • You love the opportunity to meet challenges and take preventative action for solutions
  • You work well in a highly active team in a collaborative environment
  • You're passionate about our mission to eliminate food waste and create a better food system for all

Details of Position & Benefits:

  • Salary range: $75k-$90k
  • Full-time exempt position
  • 100 % Remote Work
  • Salary and employee stock options commensurate with experience
  • Unlimited PTO
  • Multiple health, dental, and vision plan options
  • Life Insurance
  • 401K plan