Company Description
At 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 Description
As an
Inventory Optimization Lead in the Merchandising function, you are a key contributor to the merchandising unit, focused on achieving the optimal balance between inventory levels and customer demand between markets, warehouses and selling channels. You play a critical role in ensuring product availability, reducing carrying costs, and maximizing operational efficiency. This role requires a detail-oriented professional with expertise in inventory management, data analysis, and supply chain understanding.
This hybrid role reports into our Inventory Optimization Manager and is based out of New York, NY.
A Day in the Life
Working at H&M means no two days are ever the same, but a typical day will include the following responsibilities*
Allocation:
- Execute strategy, way of working, and be accountable for execution of initial allocation parameters
- PM level execution and follow up of allocation parameters
- Execute strategy in allocation systems & Tools such as SMT, KL
Inventory Optimization:
- Follow up inventory targets for warehouse and store segments and support with actionable direction
- Follow up replenishment and push strategy and settings per store segments to maximize sales and stock efficiency
- Monitor and improve stock accuracy in stores by supporting RFID routines
- Execute system set-ups to secure warehouse stock composition and SKU management
- Monitor and execute system set up in collaboration with Demand & Supply unit, Merchandise Managers/Leads, and Logistics
Garment Flow Planning:
- Optimize supply to minimize constraints and drivers impacting sales in line with inventory optimization strategy set by the Inventory Optimization Manager
- Monitor and act on inbound/outbound garment flow to support logistics planning
- Follow up execution of framework for prioritization of articles for allocation to secure commerciality in stores
- Support the capacity planning for store inbound/outbound to support store planning
Qualifications
Who You Are:
- University degree, preferably in Business, Economics/ Finance or similar
- 1-3 years' experience merchandising, supply chain planning, inventory optimization, buying or planning
- Omni retail knowledge
- Previous experience with merchandising, stock management, logistics or sales
- Understanding of stock management strategies and practices
- Understanding of logistics, allocation, store operations and online sales
- High analytical skills
- High level of salesmanship
- Advanced Excel user
- Collaborative personality and good communication skills
- Oral and written proficiency in English
- Inclusive, positive, open to feedback, willing to multitask and learn on the job
Additional Information
Why 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 inclusive of health insurance, wellness and family support programs, company match 401k, paid leave programs, and paid time off, including a community day to serve your local community
- You’ll be able to express your personal style with our employee discount at H&M, & Other Stories, and COS
Compensation: salary range is $98,957-$111,326 annually**
- 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
Job Status: Salary, Exempt