Inventory Optimization Specialist
4 weeks ago
David Yurman is a renowned American luxury jewelry company founded in New York by David Yurman, a sculptor, and his wife, Sybil, a painter and ceramicist. With a legacy of innovation and craftsmanship, the company has evolved into a global leader in the industry. Our commitment to artistic expression and excellence has earned us a reputation for creating timeless, yet contemporary collections for women and men.
Our Values
At David Yurman, we believe in the power of creativity, innovation, and collaboration. Our team is driven by a passion for artistic expression and a commitment to excellence. We strive to create a culture of openness and inclusivity, where every voice is heard and valued. Our guiding vision is to be the preeminent American luxury jewelry brand, and we are dedicated to achieving this goal through responsible business and social practices.
Job Description
Job Title: Retail Replenishment Manager
Reports to: Vice President, Demand Planning Management
Overview
We are seeking an analytical Retail Replenishment Manager to join our team. The ideal candidate will be responsible for analyzing and optimizing our inventory at both Retail stores and E-Commerce site. The successful candidate will have strong analytical skills, attention to detail, and the ability to create assortment plans. Key responsibilities include replenishing stores, analyzing sales and inventory data, developing and implementing inventory optimization strategies, monitoring performance metrics, and collaborating with cross-functional teams.
Essential Duties and Responsibilities:
- Analyze and forecast sales, manage inventory levels, and determine distribution strategy to all stores and E-Commerce site.
- Analyze POS, inventory, and shipment data to make informed decisions regarding replenishment of items at the store level.
- Develop and implement strategies to optimize distribution processes, including optimizing replenishment parameters, setting safety stock, and weeks of supply strategies.
- Scope, plan, and implement process improvements to increase accurate stock flow and maximize availability at stores.
- Responsible for inventory reservation needs.
- Accountable for inventory stock transfer/replenishment responsibilities.
- Monitor performance metrics and report on key performance indicators (KPIs), including in-stock rates and excess.
- Utilize data analysis tools and software to enhance decision-making.
- Manage and update distribution store models.
- Monitor and manage inventory levels to prevent stockouts and overstock.
- Establish and maintain significant cross-functional relationships with buying teams, product merchants, distribution centers, and other departments.
- Bachelor's degree.
- 3-5+ years in related field.
- Proven experience as a replenishment manager, allocation or distribution analyst, or similar role.
- Understanding of inventory metrics, including safety stock and classification.
- Strong analytical and problem-solving skills.
- Proficiency in data analysis tools and software (e.g., Excel, Logility, Sigma).
- Experience leveraging and optimizing systems for replenishment and allocation based on different inventory models.
- Excellent communication and presentation skills.
- Ability to work independently and as part of a team.
- Detail-oriented with strong organizational skills.
- Ability to manage multiple projects and meet deadlines.
- Strong interpersonal skills and ability to collaborate with cross-functional teams.
- Proactive and self-motivated.
- Experience with ERP systems (e.g., JDA, SAP, Oracle) is a plus.
- Strong project management skills.
- Data Analysis.
- Problem-Solving.
- Communication.
- Inventory Management.
- Merchandise Strategy.
- Demand Forecasting.
- ERP Systems.
- Collaboration.
Working mode: Hybrid (3 days in office)
Estimate Salary Range: $90,000-$110,000
Base pay is one component of David Yurman's total compensation package, which may also include the following for eligible employees: access to healthcare benefits, 401(k) plan, bonus, employee discounts, Summer Fridays (corporate roles), generous paid time off, sick time, and more.
Diversity, Equity & Inclusion at David Yurman
As a company founded by artists, David Yurman champions self-expression in everything we do. We are committed to fostering a culture of openness and creative collaboration within our entire community, and we cherish the diversity of our employees' backgrounds and perspectives. We will always advocate for equity and inclusion for all.
David Yurman is an Equal Employment Opportunity employer and provides equal opportunities to all employees and applicants without regard to an individual's age, race, creed, color, religion, national origin, sex (including pregnancy, sexual orientation, gender).
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