Italic is creating a world of luxury without labels. We believe that luxury today is exclusionary and all about marketing that hurts its customers and manufacturers. Our mission is to create a new model that enables manufacturers to bypass the legacy luxury supply chain and deliver luxury goods with equivalent or better quality directly to consumers. Our customers come to rely on Italic for our quality, timeless design, and radical value.
We are seeking a highly analytical and detail-oriented Inventory Planner to join our dynamic team. In this crucial role, you will be responsible for managing our inventory levels, ensuring that we have the right products in the right quantities at the right time. Your expertise will play a pivotal role in optimizing our inventory investment and minimizing overstock situations. By owning the open-to-buy process, you will collaborate closely with cross-functional teams to align inventory plans with financial goals and market demands.
Responsibilities
Ownership of Open-to-Buy (OTB)- Develop and maintain the open-to-buy (OTB) process to manage inventory levels effectively, ensuring alignment with financial objectives.- Analyze historical data and current trends to forecast sales and inventory requirements, adjusting OTB as necessary to respond to changing market conditions.Inventory Planning and Management- Create and execute detailed merchandise plans for each category, considering sales trends, seasonal fluctuations, and promotional activities.- Monitor inventory levels in real-time, identifying potential stock shortages or excesses and taking proactive steps to address them.Collaboration and Cross-Functional Partnership- Work closely with the buying and merchandising teams to align purchase plans with inventory strategies, ensuring a cohesive approach to product assortment and stock levels.- Partner with the finance team to reconcile inventory plans with budgetary constraints, optimizing for profitability and cash flow.
Requirements
Technical Skills- Proven experience in merchandise planning, inventory management, or a related field, with a strong understanding of retail math and inventory planning concepts.- Proficiency in inventory management software and advanced Excel skills for data analysis and forecasting.- Ability to interpret and analyze sales data to inform purchasing decisions and inventory strategies.Soft Skills- Exceptional analytical and problem-solving skills, with a keen attention to detail.- Strong communication and collaboration skills, with the ability to work effectively across different teams and departments.- Adaptability and flexibility to respond quickly to changing market conditions and business needs.Mentality- A proactive and strategic thinker, with a focus on continuous improvement and optimization of inventory processes.- A results-driven mindset, with a commitment to achieving financial goals and maximizing inventory efficiency.- A team player, dedicated to contributing to the overall success of the organization through effective merchandise planning.This role is ideal for an individual passionate about balancing operational efficiency with financial objectives, eager to make a significant impact in a fast-paced retail environment.
If you are ready to take on the challenge of optimizing our inventory to meet the ever-changing needs of our customers, we would love to hear from you.
Culture
Great Brands Start With Great PeopleOur culture focuses on performance, integrity, and longevity. We believe that the best brands are not grown through sheer force but rather through deliberate decision-making and persistent effort over a long period of time. We are committed to creating a workplace where talented individuals can thrive in building an enduring, beloved brand that we all take pride in.Inputs Over OutputsWe value the effort and work that goes into achieving results rather than just the end result.
We believe that investing in our people and processes will lead to better outcomes while also creating a more sustainable and enjoyable environment.Flat HierarchyOur company has a flat hierarchy and values the input and ideas of all team members. We believe that everyone has the potential to make a significant contribution to the success of the company. Small Team, Big OpportunitiesAs a small team, all employees are expected to take ownership in their work. Some might move faster while others are fine with a slower pace.
Those who seek to move faster in their career will be able to do so based solely on merit, contribution, and performance.
