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VP, Merch Planning & Allocation
Pacific Sunwear
Anaheim, CA, United States
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Job Description
The Vice President of Inventory Management will report to the COO and will be responsible for Merchandise Planning, Allocation and Store Planning for dual gender, multi-channel business with revenues of approximately $700M.
• Providing functional expertise as a partner to Merchants, Operations, Finance, Company Planning, Store Operations, eCommerce and Marketing to achieve agreed upon financial targets
• Developing and implementing strategies that maximize inventory performance.
• Developing and managing seasonal and annual merchandise plans for sales, gross margins, and inventory; proactively identifying and implementing ways to improve performance diagnostics and providing early warning risks and opportunities.
• Develop multi-year Planning strategy that supports brand initiatives
• Activate and operationalize strategies that produce clear ROI to five year LRP
• Developing in-season sales trending, inventory forecasts and margin projections; managing weekly, monthly and quarterly Open-to-buy, Inventory and Receipt plans; proactively interfacing with department leadership as necessary to ensure creation of accurate, timely and insightful analysis.
• Ensuring integrity of sales, inventory, markdown and promotional planning and forecasting.
• Optimizing inventory flow to stores to maximize sales and gross margin in the stores and partnering closely with management to manage on-going inventory levels.
• Assess existing and implement new systems
• Analyzing current sales, inventory and margin trends, market data, benchmarking, as well as historical data to course correct in-season inventory to maximize margins; focusing team on action-based results versus simply reporting.
• Assessing impact of price change and special events; assessing price position relative to top-line and margin realization in keeping with category positioning.
• Partnering with IT to develop and execute a tactical plan to make necessary improvements to the current systems to achieve increased adoption, as well as introduce new process and tools.
• Providing leadership, professional development, guidance and support to continually upgrade the performance of the Inventory Management teams.
Requirements
• 15+ years of progressively responsible experience in inventory management, with the majority of that experience in a merchandise planning and allocation roles for companies with revenues >$500M.
• Multi-unit retail experience required.
• 4 Year degree in Business or related field, MBA preferred.
• Proven ability to build strong business relationships at all levels throughout an organization.
• Experience as a strategic thinker and the ability to effectively translate strategies into financial plans.
• Demonstrated success at driving real sales growth versus simply maximizing risks; a track record of risk-taking and positively impacting sales and margin dollars.
• Ability to train and educate the organization on process and system best practices to maximize sales/margins with appropriate inventory levels