Head of Inventory Strategy

1 week ago


Hollywood, California, United States Vaco Full time

A prominent retail organization is in search of a Director of Planning & Allocation on a contract-to-hire basis to spearhead the planning and inventory strategy. This pivotal role will guarantee optimal product availability, oversee inventory management, and foster innovative solutions in forecasting and allocation to meet the company's financial objectives.


Key Responsibilities:
  • Formulate strategic plans at the departmental, class, and product levels to align with the company's financial targets and merchandising strategies across various channels and marketplaces.
  • Enhance inventory management through effective planning, purchasing, and assortment management across channels and warehouses to achieve sales objectives while minimizing inventory risks.
  • Supervise inventory management and allocation to ensure optimal stock levels and efficient distribution across all channels.
  • Collaborate with operations and channel leaders on inventory optimization by warehouse and lead inventory rebalancing initiatives based on sales forecasts.
  • Direct and implement pricing and promotional markdown strategies to boost revenue, manage inventory efficiently, and support timely investments for key initiatives.
  • Conduct monthly Open-to-Buy (OTB) reviews and modify inventory strategies to facilitate timely investments and support critical programs.
  • Assess and integrate advanced technology and business intelligence tools to improve forecasting accuracy and inventory management.
  • Develop and strategize tools and dashboards to enhance workflow execution and drive key performance indicators (KPIs).
Qualifications:
  • Bachelor's degree is required.
  • 10-15 years of experience in merchandise planning and multi-location allocation within vertical specialty retail.
  • Proficient in tool development, visualizations, and innovative practices.
  • Advanced knowledge of retail mathematics, including markup, margin planning, sales, and inventory productivity metrics.
  • An MBA degree is preferred.
  • Experience in the apparel sector is essential.
  • A background in wholesale planning is advantageous.

Vaco values a diverse workplace and strongly encourages applications from women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans.

EEO Notice

Vaco is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment based on race, color, sex, religion, national origin, age, disability, veteran status, or any other protected characteristics as required by federal, state, or local law.

Vaco LLC and its affiliates are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco LLC will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, please reach out.

Privacy Notice

Vaco LLC respects your privacy and is committed to providing transparent notice of our policies.

Pay Transparency Notice

Determining compensation for this role at Vaco depends on various factors, including:

  • the individual's skill sets, experience, and training;
  • licensure and certification requirements;
  • office location and other geographic considerations;
  • other business and organizational needs.

As required by local law, Vaco believes that the salary range referenced above reasonably estimates the base compensation for this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.



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