Job Description
Position Title: Inventory Manager
Reports to: Merchandiser and Operations Director
Check you match the skill requirements for this role, as well as associated experience, then apply with your CV below.
Position Purpose
Responsible for day-to-day management of stock movements and systems, providing vital analytical insight and trend analysis to support the stock management/production process and efficient flow of goods. This includes reporting and continuous improvement.
Principal Accountabilities
Stock Operations
- Schedule, conduct and resolve stock audits through quarterly stock-takes across all locations and rolling checks across min. 5 lines per week including sku’s with highest value and top movers
- Calling out discrepancy checks, keeping Department Heads informed of results and outstanding issues.
- Maintenance and review of “never out of stock” list
- Accountable for shipping online sales within agreed parameters and raising issues where needed with the Customer Care team
- Daily reviews of open sales for all branches across Global E and Cin7
- Work with production team to QC deliveries where needed on and RTV failed product
- Support Merchandising with SKU creation where needed for new products and overall maintenance through to deactivation
- Accountable for ensuring all new products are hallmarked appropriately through the Assay process
- Collation, tracking and write off/repair of faulty items
- Stock loan turn around within agreed parameters; completion of branch transfers as required
- Optimise stockroom storage and ensure security procedures are followed at all times to prevent theft/stock loss
- Monitoring of packaging stock levels
- Manage deliveries to store to meet relevant stock level targets where possible
- Management of all inbound and outbound stock movements
- Management of all production samples and records
Reporting and Insights
Inventory data pulling and interpretation in order to:
- Monday OOS vs low stock report for review with merchandiser and production team
- Sales report from previous week in store for replenishment run
- Daily resolution of the Sales Made Without Stock report
- Optimise SOH by liaising with internal team on product in mailers and social content
- Support strategic decisions on product development
Systems
- Ensure all in-store staff members, including themselves, are totally conversant with Cin7/Global E/Shopify functionalities
- Ensure all administrative documents are kept up to date and filed correctly
- Creation and monitoring of in-store product bible complete with barcodes
- Regularly review procedures for improvements in efficiency and working practices, and to ensure that any recommendations are measured and implemented.
- Develop and maintain relationships with production partners and all relevant support functions.
KPI
- 95-99% stock accuracy
- Sales and profitability – sales vs budget contribution of role to reaching target
- Reduction of missed sale opportunities due to low stock
- Accurate management of stock across multiple locations
- Stock check evaluation – pivot results and compare levels up and down
- Integrity vs loss 0 under 1% of the value of total stock holding
- Daily communication around stock allocations and potential pit falls
Salary £30-35k depending on experience.
Experience in shipping in logistics preferred.