Description:
Develop and manage departmental financial plans in support of merchandising strategies. Partner with merchandising in developing item/program/category strategies to support financial plans. Recommend and execute changes as needed to ensure profitability and productivity. Responsible for the professional development of the Inventory Management Analyst and/or Inventory Management Specialist.
Business owner of total departmental inventory and business results.
- Manage the departmental annual financial plans and the OTB at the department and category level with monthly presentation to senior management.
- Partner with Merchant on cost to assort for core schematic, seasonal shops, and guidelines and execute appropriate buys to support.
- Develop pre and in season financial plans and analysis (units, sales, and margin) at the SKU, program, collection, or category level, and order corresponding quantities.
- Develop and manage inventory plans for shops and advertising.
- Manage order flow quantities to support sales, inventory, margin, DC space plans, and turn targets.
- Develop profitable entrance and exit strategies with merchandising for new, seasonal and core replacement programs.
- Responsible for forecast accuracy.
- Develop in season pricing strategies with appropriate margin for discontinued inventories.
- Develop and manage PO generation, maintenance, and vendor communication. This includes projections, timely ordering in system based on lead times, balance between DCs, and flow for shops, guidelines, and advertised goods.
- Be an integral partner with Visual, Merchandising, Store Operations, Vendors, Distribution Centers, and E-Commerce.
Be an integral partner with Visual, Merchandising, Store Operations, Vendors, Distribution Centers, and E-Commerce.
Responsible for Inventory Management Analyst development and execution.
- Communicate assortment plan with Inventory Management Analyst to achieve appropriate inventory optimization by store level, by developing flow strategies for all product types: core, seasonal, new, and advertised goods.
- Direct Inventory Management Analyst to allocate appropriately to support schematic, shops, and guidelines to stay within in stock and turn goals.
Direct Inventory Management Specialist in PO generation, maintenance, and vendor communication. This includes projections, timely ordering in system based on lead times, balance between DCs, and flow for shops, guidelines, and advertised goods.
What You’ll Bring
- BS or BA degree required.
- Minimum 3-5 years Retail/Catalog/Internet Planning and Distribution experience
- Previous OTB management experience required.
- Supervising experience a plus
- Excellent analytical and problem-solving skills with ability to deal with ambiguity and complexities.
- Proficient in Microsoft office products including advanced level Excel.
- Excellent ability in organization, communication, and presentation skills to influence others.
- Qualified applicants with criminal histories will be considered for employment consistent with the requirements of all applicable law.
- Work Location: Hybrid. You will spend up to 3 days per week on average at our Alameda, CA Home Office.