Inventory Optimization Project Lead
Company: H&M
Location: New York
Posted on: May 5, 2024
Job Description:
Company DescriptionAt H&M, our purpose is to liberate
fashion for the many. We want to shape a new world in Fashion. A
world with one ultimate goal: to unleash your self-expression. As
an H&M colleague, you're encouraged to be yourself & more.
You'll take on new responsibilities from day one, learn skills for
life, and find new ways to make your big dreams come true.Our
company is committed to fostering a culture of inclusion and
belonging, and we actively seek colleagues who share our
commitment.Job DescriptionAs an Inventory Optimization Project Lead
in the Merchandising Function, your main focus will be to support
and lead the creation and roll out of local and global projects for
Region Americas. You align and execute on stock related strategies
connected to future store and online projects from an allocation,
replenishment, exit stock planning and new store components
perspective. Your main responsibility will be the implementation
and roll out of Project One in Canada and Gstore (smart store) for
Region Americas from a merchandising point of view. You set and
execute on assortment strategy for the Project One scope as well as
partnership with Logistics to develop new ways of working. Your
role will be in the Regional Demand and Supply and Inventory
function but work broadly and have touchpoints with many different
functions, both internal and external. In this role, you will work
in a high paced and contribution heavy environment and we expect
someone that can handle multiple deliverables simultaneous and is
ready to contribute on a higher level.This role reports into our
Inventory Optimization Project Manager and can be based remotely
within the USA or Canada.This is a 1-year assignment project role.A
Day in the LifeWorking at H&M means no two days are ever the
same, but a typical day will include the following
responsibilities*
- Sales, Merchandising, and Inventory
- Know your market: retail situation, inventory, and Logistics
operation,
- Collaborate with Logistics and Store Operations to secure
inventory and sales
- Monitor income plans and secure allocation
- Analyze and follow up on important KPIs (Key Performance
Indicators) and P&L (Profit & Loss) expectations and create
action plans to optimize the results and sales
- Take part in developments towards external partners
- Draw conclusions on inventory, logistics operation, selling and
reduction strategies and secure that learnings are used for
planning
- Perform ad-hoc analysis
- Create, drive and follow-up weekly focus for the project
entities
- Keep a close communication with all parts of the organization
which influence garment distribution
- Collaborate with logistics and project teams to secure
inventory operations
- Project One and SmartStore:
- Plan store capacity within project scope
- Together with project teams secure that relevant assortment is
being sent to each entity. Take actions on performing and
non-performing inventory (pushes, first allocation, stops, exit
strategies etc.)
- Set income, allocation & exit strategy plan for project
entities
- Ability to travel and work closely with store on new project
openings
- Maintain BOPIS, BOSS settings
- Maintain OMNI availability settings
- Allocation/ replenishment settings connected to new delivery
options
- Leading the SmartStore (gStore) development and implementation
for merchandising (Higher if we have selected stores open for
in-store replenishment)
- Merchandising responsible for SmartStore roll-out in Brand city
stores and Project One
- Capacity management for re-setting SmartStores as well as
governing capacity in project storesQualificationsWho You Are:
- University degree, preferably in Business, Economics, Finance
or similar
- 5+ years of experience within merchandising or a sales
function
- Experienced in Project Management, business model, and data
knowledge
- Strong retail knowledge and operational best practices/
routines for physical store
- Experience with allocation, replenishment and other inventory
management systems is meriting
- Eager to transform how we run operations and optimize the
supply planning agenda
- Strong communication skills toward relevant stakeholders
- Strategic and visionary thinking, understands where retail is
going and can drive the strategic agenda forward, set vision and
enabling business area colleagues
- Like taking responsibility and enjoy working in a changing
environment cross- functionally
- Drive and execute change management to support company
direction
- Create business cases for different projects
- Proficient in MS Office, especially in Excel and
PowerPoint
- Customer-Centric and can use data and customer insights in
decision-makingAdditional InformationWhy You'll Love Working at
H&M
- We value diverse backgrounds, including but not limited to
race, ethnicity, gender, age, religion, sexual orientation, and
disability
- We pride ourselves on being a values-driven organization,
guided by our 7 unique values that have been part of our success
story for over 75 years
- You'll have access to our Colleague Resource Groups (CRGs) to
find community and networking opportunities among colleagues
- We are an inclusive company where you're encouraged to be
yourself at work
- You will have access to a large global talent community, where
career growth and aspirations have no limits
- We believe in supporting your overall wellbeing and offer
comprehensive benefits
- You'll be able to express your personal style with our employee
discount at H&M, & Other Stories, and COSCompensation: Hiring
range $98,957 - $111,326 is annually** if role is based in the New
York City Support Office*This job posting highlights the most
critical responsibilities and requirements of the job and is not
all-inclusive. There may be additional duties, and responsibilities
assigned for this job at the company's discretion.**H&M, in
good faith, has assessed this posted range of compensation as the
accurate range for this role and location at the time of this
posting. H&M may ultimately pay more or less than the posted
range depending on candidate qualifications. This range may be
modified in the future.EEOC Code: PRO
Keywords: H&M, North Bergen , Inventory Optimization Project Lead, Professions , New York, New Jersey
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