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Inventory Optimization Lead

AT H&M
H&M

Inventory Optimization Lead

New York, NY

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.

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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

Location

110 5th Avenue, New York, United States

Client-provided location(s): New York, NY, USA
Job ID: H&M-102a6c1d-64f8-4a0b-b1da-b42629f1f3aa
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • Short-Term Disability
    • Long-Term Disability
    • FSA
    • HSA
    • HSA With Employer Contribution
    • Pet Insurance
    • Mental Health Benefits
  • Parental Benefits

    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Adoption Assistance Program
    • Family Support Resources
    • Adoption Leave
  • Work Flexibility

    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
    • Casual Dress
    • Holiday Events
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Leave of Absence
    • Volunteer Time Off
    • Summer Fridays
  • Financial and Retirement

    • 401(K) With Company Matching
    • Performance Bonus
    • Relocation Assistance
    • Financial Counseling
  • Professional Development

    • Promote From Within
    • Mentor Program
    • Leadership Training Program
    • Associate or Rotational Training Program
  • Diversity and Inclusion

    • Diversity, Equity, and Inclusion Program
    • Employee Resource Groups (ERG)