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- Tasks: Manage inventory strategy and logistics for a leading beauty brand.
- Company: Join Space NK, a vibrant community of innovative beauty brands.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for personal growth.
- Other info: Collaborate with cross-functional teams in a dynamic environment.
- Why this job: Be at the forefront of beauty retail, driving efficiency and innovation.
- Qualifications: Strong analytical skills and a proactive, entrepreneurial mindset.
The predicted salary is between 50000 - 65000 ÂŁ per year.
Responsibilities
- Support the Planning Director in the planning and delivery of the inventory strategy, owning total business WSSI planning, logistics planning, and channel stock management.
- Deliver intake, stock cover, and stock health (including management of excess stock) in line with agreed targets.
- Achieve channel availability targets through effective forecasting and stock allocation/rebalancing.
- Deliver new store opening stock packages on time and to plan, meeting availability requirements.
- Own dayâtoâday trading decisions; raise and agree signâoff for material risks, spend, or plan changes.
- Own preâseason WSSI/financial planning: plan top line intake to support cash flow planning, plan top line and category stock targets, plan top line and category freight budgets.
- Own the commercial logistics budget for sellable and nonâsellable variables.
- Weekly manage total business WSSI and OTB to keep intake aligned to trading needs and sales while managing markdown risk.
- Lead the weekly logistics operational review, balancing logistics capacity and commercial requirements to deliver business objectives.
- Own inbound and outbound DC reâforecasting.
- Take ownership of freight costs across the commercial teams, identifying and escalating risks and opportunities.
- Identify and manage stock loss risks across all channels.
- Develop the Branch Merchandising operating model, including creation and integration of the specialist AGR function.
- Optimise channel availability through commercial analysis, forecasting and effective AGR management.
- Maintain appropriate channel stock levels to deliver sales, manage markdown and identify risks.
- Track stock health, identify excess and agree actions with Commercial teams.
- Deliver a robust stock management process for peak trading, working crossâfunctionally to meet requirements while mitigating risk.
- Build strong links with the Retail team, sharing insights and identifying opportunities and risks.
- Lead the team in meeting requirements for exceptional stores with specific needs.
- Keep informed on new store opening programme, noting budget and timing.
- Determine opening stock package requirements for each opening, highlighting concerns and risks.
- Track opening packages vs. target, communicate risks and agree mitigating actions.
- Support the monthly price change process.
- Gift card intake requirements and stock management including Christmas.
- Support delivery of a sound stock management process for popâup activations.
- Champion driving efficiency across the division and wider business.
Training & Development
- Develop a very good working knowledge of all Merchandising systems and processes.
- Identify and support the team in their training and development needs.
- Drive own development.
Location: London (Head Office) â Hybrid (remote and onâsite)
Essential Attributes
- Entrepreneurial and proactive, capable of a high level of independent working.
- Resourceful and highly commercial.
- Ability to adapt to changing priorities, new challenges and drive improvement.
- Ability to challenge ways of working and develop best practice approach.
- Ability to cultivate strong relationships, collaborate and work crossâfunctionally effectively.
- Strong ownership mindset: endâtoâend accountability, escalates key risks early and aligns/signs off significant decisions with the Planning Director.
Additional Information
As the ultimate curator of over 100 of the most inâdemand, highly innovative and boundaryâpushing beauty brands, Space NK has built a flourishing community. The customer is at the heart of everything we do, and we will always endeavour to offer everything they need to help them explore, experiment, and enjoy our brands.
All applicants must have the right to live and work in the UK. Only successful candidates will be contacted.
Merchandise Manager - Inventory in Westminster employer: Space NK
Contact Detail:
Space NK Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Merchandise Manager - Inventory in Westminster
â¨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
â¨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their inventory strategy and be ready to discuss how your skills align with their goals. Show them youâre not just another candidate!
â¨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online resources to refine your answers. Focus on demonstrating your ownership mindset and ability to drive efficiencyâqualities theyâre looking for.
â¨Tip Number 4
Donât forget to apply through our website! Itâs the best way to ensure your application gets seen. Plus, it shows youâre genuinely interested in being part of our community at Space NK.
We think you need these skills to ace Merchandise Manager - Inventory in Westminster
Some tips for your application đŤĄ
Tailor Your CV: Make sure your CV is tailored to the Merchandise Manager role. Highlight your experience in inventory management, logistics planning, and stock allocation. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our inventory strategy. Keep it engaging and relevant to what we do at StudySmarter.
Showcase Your Achievements: When detailing your past experiences, focus on specific achievements that demonstrate your ability to manage stock health and optimise channel availability. Numbers and results speak volumes, so donât hold back!
Apply Through Our Website: We encourage you to apply directly through our website. Itâs the best way for us to receive your application and ensures youâre considered for the role. Plus, it shows youâre keen on joining our team!
How to prepare for a job interview at Space NK
â¨Know Your Numbers
As a Merchandise Manager, you'll be dealing with inventory strategies and stock management. Brush up on your WSSI and OTB knowledge before the interview. Be ready to discuss how you've used these tools in past roles to achieve targets and manage risks.
â¨Showcase Your Commercial Acumen
This role requires a strong commercial mindset. Prepare examples of how you've driven efficiency and improved stock health in previous positions. Highlight any successful forecasting or stock allocation strategies you've implemented.
â¨Demonstrate Cross-Functional Collaboration
You'll need to work closely with various teams, so be prepared to share experiences where you've built strong relationships across departments. Discuss how youâve collaborated with retail teams to optimise channel availability and meet business objectives.
â¨Be Ready for Scenario Questions
Expect questions that assess your problem-solving skills and ability to adapt to changing priorities. Think of specific situations where you had to make quick decisions regarding stock management or logistics, and be ready to explain your thought process.