Inventory Manager
1 day ago
Job Title:
We're seeking a seasoned merchandise expert to drive our inventory management and sales performance.
- Main Responsibilities:
- Develop seasonal and annual sales forecasts by category, subcategory, product type, and lifecycle.
- Translate merchandise strategies into actionable planning frameworks and inventory allocations.
- Partner with finance to ensure integrated financial planning and quarterly re-forecasting.
- Provide detailed data analysis and recommendations to inform category strategies and assortment mix.
- Maintain rolling 12-month demand forecasts by style by region.
- Lead scenario planning during periods of market volatility or strategic shifts.
- Drive continuous improvement in forecasting by analysing actuals vs. forecast and implementing corrective actions.
- Work closely with Production and Operation functions to ensure on-time deliveries in accordance with the PDLC.
- Identify and flag risks and opportunities relating to stock cover, stock outs, and overstock situations in key trade meetings, ensuring stakeholders are informed and action plans are agreed.
- Provide clear, data-driven insights and recommendations to balance inventory levels across product types, sizes, and regions to maximise availability and minimise excess.
- Monitor actual inventory positions vs planned cover and proactively recommend rebuys or markdowns where needed.
- Communicate clear stock risk reports and recommended actions as part of the monthly planning cycle.
- Review, update, and report on forecasts on a weekly cycle, ensuring clear communication & actions regarding any significant variances to stakeholders.
- Monitor forecast accuracy using agreed metrics and identify root causes of variance.
- Drive continuous improvement in forecasting by analysing actuals vs. forecast and implementing corrective actions.
- Maintain standardised reporting templates and tools to improve efficiency and consistency across the team.
- Present insights and recommendations to support business decisions, including promotions, markdowns, or clearance strategies.
- Support ad hoc and deep-dive analysis to identify trends, risks, and opportunities that impact inventory levels and sales performance.
- Support the annual and seasonal budgeting process by providing robust demand forecasts and financial analysis to inform sales and inventory targets.
- Forecast future financial trends related to sales, stock investments, and margin impacts, ensuring alignment with business objectives.
About You:
- 4+ years' experience in demand planning, inventory planning, or merchandise planning (ideally within apparel).
- Strong analytical skills with advanced Excel and planning system experience.
- Proven ability to translate complex data into clear, actionable insights.
- High attention to detail and strong problem-solving capability.
- Excellent communication and stakeholder management skills.
- Experience in fashion or apparel retail.
- Knowledge of supply chain principles.
- Understanding the needs of the market, suppliers, and merchandisers.
- Ability to effectively influence, engage, and develop strong relationships.
- Excellent communication, interpersonal, and presentation skills.
- Knowledge and understanding of the retail industry and the Australia retail landscape, preferred.
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