Inventory Optimization Project Lead

Company: H&M
Location: New York
Posted on: April 20, 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