Director of Inventory Optimization

6 days ago


Toronto, Ontario, Canada Mejuri Full time

Job Summary:

The Director of Inventory Optimization will be responsible for developing and implementing inventory optimization strategies to drive profitability and reduce waste. This includes analyzing and optimizing inventory performance, driving cross-functional collaboration, supporting assortment planning, leading in-season forecasting and replenishment, developing pricing and promotion strategies, enhancing reporting and insights, and championing continuous improvement.

Key Responsibilities:

  • Develop and implement inventory optimization strategies to drive profitability and reduce waste.
  • Analyze and optimize inventory performance by monitoring key performance metrics, including sell-through, inventory turnover, weeks of supply, and margin contribution.
  • Drive cross-functional collaboration by partnering with Merchandising, Supply Chain, Finance, and Commercial teams to align sales and inventory plans with broader business objectives.
  • Support assortment planning by contributing to the seasonal assortment planning process and providing insights on historical performance, demand trends, and customer preferences.
  • Lead in-season forecasting and replenishment by continuously updating forecasts based on sales trends, market conditions, and business needs.
  • Develop pricing and promotion strategies by analyzing pricing and promotional effectiveness.
  • Enhance reporting and insights by generating and distributing weekly and monthly reports on merchandise performance.
  • Champion continuous improvement by identifying and implementing process enhancements to improve efficiency, accuracy, and overall effectiveness of the merchandise planning function.

Requirements:

  • 6+ years of experience in merchandise planning, inventory management, or retail analytics within fast-paced retail or e-commerce environments.
  • Strong analytical skills with the ability to synthesize data, identify trends, and make data-driven recommendations to optimize inventory and sales.
  • Expertise in merchandise financial planning, open-to-buy management, and forecasting methodologies.
  • Proficiency in Excel, planning systems (e.g., Blueridge, Anaplan), and business intelligence tools.
  • Proven ability to collaborate cross-functionally with Merchandising, Finance, Supply Chain, and Commercial teams to drive alignment and execution.
  • Excellent communication and presentation skills, with the ability to convey complex data insights to diverse stakeholders.
  • Detail-oriented, highly organized, and adept at managing multiple priorities in a fast-growing environment.
  • A proactive and strategic mindset, with a passion for continuous improvement and problem-solving.


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