Senior Inventory Strategist

3 weeks ago

Isle of Wight, United Kingdom Teemill Tech Ltd Full time

Position: Senior Merchandiser

Company: Rapanui Clothing (a division of Teemill Tech Ltd)

As a Senior Merchandiser, you will oversee the complete merchandising process within our product development and purchasing team. This role encompasses the strategic planning and management of inventory, alongside the trading and optimization of products to align with both consumer preferences and business objectives.

Key Responsibilities:

  • Develop and manage core product plans using excel-based WSSIs to enhance sales and achieve size availability and stock turnover goals.
  • Construct seasonal product ranges in collaboration with Buying, Design, and Finance teams.
  • Plan assortments effectively.
  • Coordinate supplier and product production schedules.
  • Manage Open-to-Buy processes.
  • Optimize size ratios for maximum efficiency.
  • Conduct weekly Critical Path meetings with suppliers, ensuring timely updates and relevant information for production management and sales enhancement.
  • Maintain an inventory intake tracker to optimize shipping permissions based on business requirements.
  • Lead product strategy sessions focusing on lessons learned and future planning with product developers.
  • Implement departmental strategies in alignment with directives from the Managing Director.
  • Establish a clear range architecture, categorizing products as Good, Better, Best.
  • Act as a strategic liaison across departments: Marketing, Wholesale, International, Ecommerce, Finance/Merchandising, and Logistics.
  • Achieve or surpass the company’s Gross Profit targets by ensuring product collections meet margin expectations.
  • Provide weekly trade reports and presentations.
  • Optimize trade through various selling channels, including website merchandising.
  • Support broader business development initiatives by contributing to strategic planning and the implementation of new revenue streams, such as third-party retail and marketplaces.

Required Experience:

  • Proven ability to create and lead a merchandising function, including designing and implementing new processes such as WSSIs and sales forecasts.
  • Essential experience in fashion retail merchandising.
  • Demonstrated leadership experience with direct reports.
  • Commercial finance knowledge, particularly experience managing a P&L, is advantageous.

Essential Skills:

  • Strong analytical skills to identify successes and failures, seeking opportunities for performance enhancement and issue resolution.
  • Collaborative team player, capable of working cross-functionally.
  • Exceptional communication skills for presenting, pitching, and representing the brand in various internal and external settings.
  • Proficient in Excel and PowerPoint.
  • Ability to drive brand advancement.
  • Highly motivated and dedicated, eager to contribute to a growing brand and transform the fashion apparel industry.

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