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THE HOUSE OF LR&C – Inventory Manager
We have launched a new concept in retail that empowers people, cares for our communities and planet. We are building a house of brands that will attract the next generation who care not just about the product, but also about the purpose.
Because we are creating something unique that has never been done before in the history of retail, we need creative thinkers, number crunchers, planners and leaders who want to be part of something bigger than themselves and who embody our core values of Love, Respect & Care.
Responsibilities:
The Inventory Manager will report into the Director of Planning and assist the company in all activities related to inventory planning. This role will also provide support to the organization for both our direct channel consumers
(inclusive of online & retail store locations) and wholesale as directed by the Director of Planning.
- Work closely with Director of Planning to develop reporting tools to support the OTB process.
- Create, run, and maintain various weekly reports to help analyze and understand sales trends relative to on-hand and on-order inventory.
- Analyze selling, communicate findings, and make recommendations to proactively drive sales.
- Develop monthly sales and inventory plans for core styles and flow inventory to support sales.
- Make weekly callouts regarding inventory levels at the store and in the distribution center and partner with the team on out of stocks.
- Lead all aspects of size selling and size management, including analysis and execution.
- Manage allocation of new store opening assortment as well as replenishment, monitoring performance, and taking appropriate actions to support their business.
- Participate in pre-season floorset planning with cross-functional team, developing, and presenting allocation strategy and being the voice for inventory strategies/ownership.
- Monitor delivery of the inbound products to the distribution center and communicate issues that will impact the floor set
- Develop and maintain strong cross-functional relationships with merchandising, ecommerce, and logistics.
- Partner with the IT team to resolve system issues, check status, track follow-up, and push for a resolution
- Assist in exit strategy of inventory by monitoring in-season performance and provide recommendations.
REQUIRED EDUCATION & EXPERIENCE
- Bachelor’s Degree in business or operations or related work experienced
- 3-5 years inventory management
- Knowledge of the apparel industry and market trends preferred
QUALIFICATIONS, SKILLS, ABILITIES & COMPETENCIES
- Analytical thinking – a strong background in data analysis and OTB management
- Entrepreneurship – ability to work effectively in a fluid environment and willingness to wear multiple hats, as necessary
- Resourcefulness – self-directed and scrappy
- Collaboration – demonstrated skill in building cross-functional relationships, especially with Merchandising, Logistics and Finance
- Demonstrated business acumen and the ability to apply sound business decisions to growing a global business
- Proficiency with the Microsoft Office Suite (Excel, PowerPoint, Word), as well as collaboration communications platforms like MS Teams. Knowledge of NetSuite is a plus.
SUPERVISORY RESPONSIBILITIES
none
Job Type: Full-time
Pay: Up to $100,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Employee discount
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Ability to commute/relocate:
- Seattle, WA 98119: Reliably commute or planning to relocate before starting work (Required)
Experience:
- Inventory control: 3 years (Required)
Work Location: Hybrid remote in Seattle, WA 98119
