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- Tasks: Manage global inventory and support Open to Buy activities for a luxury fashion brand.
- Company: Join a world-class luxury fashion brand known for its innovative approach.
- Benefits: Competitive pay, dynamic work environment, and opportunities for professional growth.
- Why this job: Be part of a creative team that drives strategic decisions in a fast-paced industry.
- Qualifications: Strong management experience in global inventory planning and effective communication skills required.
- Other info: This is a 3-month temporary assignment based in Central London.
The predicted salary is between 45000 - 57000 £ per year.
Job Title:Inventory Planning Manager – Merchandising
Your New Salary:£219 p/d PAYE or £278 p/d Umbrella (inside IR35)* equivalent of £57K pa
Location:Central London
Duration: 3-month temporary assignment, office-based
Start date:ASAP
Working hours: 40 hours per week, Monday – Friday, 9am – 6pm
Who You\’ll Be Working for:World class luxury fashion brand.
What You\’ll be Doing:
This position will be accountable for managing inventory at a Global level, supporting all OTB (Open to Buy) activities within companys planning organisation.
Inventory Planning Manager – Merchandisingwill be accountable for:
- Owning Open to Buy (OTB) and overall Group inventory management, by Region and Globally
- Accountable for setting Product Margin targets aligned with Finance Group targets
- Ensuring adherence to Inventory Targets and all Planning KPIs
- Responsible for re-balancing Global Inventory
- Accountable for Delisting and Markdown strategy in line with OTB targets
Inventory Planning Manager – Merchandising – Responsibilities:
- Accountable for Global Inventory management activities including assessment of monthly Global OTB updates across all Channels (FP Stores, Digital, Outlet, Wholesale), in partnership with Outlet team.
- Lead the development of a comprehensive Global Inventory Strategy across the full product life cycle, across all Channels.
- Prepare and deliver all OTB sign off presentations, up to c-suite, effectively communicating complex data and strategic recommendations to inform decision making.
- Ownership of the centralised Global and Regional Rolling OTB for all Channels ensuring optimal inventory and productivity assumptions.
- Define Global OTB parameters alongside Senior Manager of Inventory Planning, including Stock Turn and Inventory Targets for all Channels.
- Partner with Finance to develop accurate and aligned Global and Regional revenue expectations, on which the OTB will be built.
- Define and plan Regional Revenue and procurement targets at division level in partnership with Retail Merchandising, Collection Merchandising, Regional teams and Replenishment to support centralised seasonal OTB, as well as the market buy.
- Provide FY (Fiscal Year) and Seasonal Intake Margin guidance to Merchandising based on Group Finance Net Margin expectations to inform Range Plan and Seasonal intake margin targets.
- Analyse and identify risks to overall sales margin, across all Channels.
- Responsible for managing Global Safety Stock and Central Inventory Orders in partnership with Retail Merchandising and Replenishment team.
- Propose and agree inventory rebalances to improve Global sell through across Regions.
- Define Global Markdown and Delisting strategy, working to minimise revenue and inventory risk, working closely alongside the Outlet team to ensure adherence to Regional inventory targets and liquidation strategies.
- Managing team of 5 people
Inventory Planning Manager – Merchandising – The Skills You\’ll Need to Succeed:
- Strong Manager experience in Global inventory planning.
- Effective communication skills.
- Strong leadership skills.
- Creative, innovative and customer-oriented when faced with business challenges.
- Strong decision-making capability.
- Dynamic and collaborative style, able to build positive working relationships with cross-functional teams and translate strategic direction to all levels of the organisation
- Exceptional attention to detail and analytical skills.
- Creatively Driven.
- Forward Thinking.
*Please note this Umbrella rate is the amount payable to the Umbrella company – this does not represent what you will actually receive from the Umbrella company.
To view all our Supply Chain jobs please go to people-first.co.uk
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We would be grateful if you could send your CV as a Word document. If your application is successful, you will be contacted within 7 days. We regret that due to the high volume of applications we receive we cannot provide feedback on individual CVs. Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.
People First is committed to increasing diversity, and maintaining an inclusive workplace culture. We welcome applications from all qualified candidates regardless of their ethnicity, race, gender, religious beliefs, sexual orientation, age, marital status or whether or not they have a disability.
People First (Recruitment) Limited acts as an employment agency for permanent and fixed term contract recruitment and as an employment business for the supply of temporary workers. Please note that by applying for this job you accept our Terms of Use and Privacy Policy which can be found on our website.
Inventory Planning Manager in South West London employer: People First Recruitment
Contact Detail:
People First Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Inventory Planning Manager in South West London
✨Tip Number 1
Familiarize yourself with the specific inventory management systems and tools used in the luxury fashion industry. Highlight any experience you have with these systems during your interview to demonstrate your readiness for the role.
✨Tip Number 2
Prepare to discuss your previous experience in managing Open to Buy (OTB) strategies. Be ready to provide examples of how you've successfully balanced inventory levels and met financial targets in past roles.
✨Tip Number 3
Showcase your leadership skills by preparing examples of how you've effectively managed teams in the past. Discuss your approach to fostering collaboration and driving results within cross-functional teams.
✨Tip Number 4
Research the luxury fashion brand's current inventory challenges and market position. Being knowledgeable about their products and strategies will help you tailor your responses and demonstrate your genuine interest in the company.
We think you need these skills to ace Inventory Planning Manager in South West London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in global inventory planning and management. Use specific examples that demonstrate your leadership skills and ability to manage complex data.
Craft a Strong Cover Letter: Write a cover letter that clearly outlines your understanding of the role and how your skills align with the responsibilities listed. Mention your experience with Open to Buy (OTB) activities and your ability to communicate effectively with cross-functional teams.
Highlight Relevant Skills: Emphasize your analytical skills, attention to detail, and decision-making capabilities. Provide examples of how you've successfully managed inventory and contributed to revenue expectations in previous roles.
Follow Application Instructions: Ensure you send your CV as a Word document as specified in the job description. Double-check that you meet all eligibility requirements to work in the UK before submitting your application.
How to prepare for a job interview at People First Recruitment
✨Understand the OTB Process
Make sure you have a solid grasp of the Open to Buy (OTB) process and how it impacts inventory management. Be prepared to discuss your experience with OTB activities and how you've successfully managed inventory in previous roles.
✨Showcase Your Leadership Skills
As this role involves managing a team, highlight your leadership experience. Share specific examples of how you've led teams to achieve inventory goals and fostered collaboration across departments.
✨Prepare for Data-Driven Discussions
Since you'll be presenting complex data to c-suite executives, practice explaining your analytical findings clearly and concisely. Use real-life examples to demonstrate your ability to translate data into actionable strategies.
✨Demonstrate Your Creative Problem-Solving
The job requires a creative and innovative approach to business challenges. Think of instances where you've successfully navigated difficult situations or proposed unique solutions to improve inventory management.
