Urgent! Specialty Inventory Manager Job Opening In New York – Now Hiring Paper Source
Job Summary: , The Specialty Inventory Manager is responsible for determining the buying quantity, allocating and managing specialty inventory levels in each store across a wide array of assigned categories.
This position is responsible for identifying the initial buy level in total and by store determined by analysis of store sales history and customer/store profiles and demographics.
The Specialty Inventory Manager works in close partnership with the buying team, distribution centers and merchandise systems teams to ensure that each store has the correct inventory level to support its product display and sales needs.
At the same time, they make sure overall inventory needs to achieve sell through goals are managed, requiring the Specialty Inventory Manager to balance the competing priorities of sales and sell through.
The Specialty Inventory Manager must develop strategies to manage assigned products throughout their life cycle, from initial introduction to exiting the store or moving product to Last Chance.
This role requires the ability to consistently deliver business results by demonstrating quick decision making through collaborative efforts.
An employee in this position can expect an annual starting rate between $65,000 and $70,000, depending on experience, seniority, geographic locations, and other factors permitted by law., What You Do: , • Work closely with buyers and visual merchandisers to identify appropriate presets for each product purchased.
• Meet deadlines set by the Specialty Commercial Calendar to ensure timely delivery of product.
• Present inventory buy and allocation strategy to larger Specialty team when appropriate.
• Work with buyers on key items to determine quantities or adjustments needed to presets based on marketing, publicity and commercial calendar plans.
• Work with Visual Merchandising team to identify appropriate display quantities for furniture and fixtures.
• Effectively utilize inventory management systems to execute allocation strategies.
• Partner with the Distribution Center when appropriate to ensure inventory is flowing to stores timely and efficiently.
• Assist in managing the production process for any applicable products by ordering components, planning production quantities and allocation of finished goods.
• Analyze ongoing sales trends and postmortem findings to take appropriate actions to ensure the optimal inventory levels are maintained in each store throughout the product lifecycle.
• Replenish inventory to stores to minimize markdowns and/or maximize margin and sales.
• Use tools to reorder quantities of products based on their replenishment strategy and rank to maintain positive DC in stock position.
• Make recommendations to buyers for expansion and contraction of existing products/programs and promotions based on store profiles and store sales data.
• Identify sales trends or store profile changes for core products/programs and make store/item combination change recommendations when opening new stores or assisting in store renovations.
• Report analytics and identify actions needed to support margin, sales and sell through of product., Knowledge & Experience: , • High understanding of the specialty business and familiarity with categories and sales trends.
• Must be flexible enough to identify and interpret changing trends, convert those findings into buying strategies, effectively communicate proposed strategy changes to cross-functional team members and drive the business.
• Must be collaborative while balancing the confidence to remain steadfast on decisions as needed.
• Listens attentively and is receptive to other perspectives, incorporating this feedback in decision making.
• Ability to adapt well to changes in direction and priority in a fast-paced and deadline-oriented environment.
• Works consistently and productively, showing strong concentration and discipline.
• Proven ability to communicate effectively with partners, follow up and create a collaborative work environment.
• Is positive, self-motivated and proactive.
• Have a thorough knowledge and understanding of retail math – must be a “numbers” person.
• Experienced in Microsoft Office suite and familiarity with internal merchandising, inventory and reporting tools a plus (including Business Intelligence, Corporate Reporting Center, IMM, IM2, 1010 data, Data Warehouse, other analytical tools).
• Bachelor’s degree or equivalent experience with at least 3 years of experience in retail analysis.
• Strong analytical skills.
Ability to think critically and communicate complex thoughts and/or ideas in clear and concise manner.
• Works collaboratively with cross functional partners.
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Unlock Your Specialty Inventory Potential: Insight & Career Growth Guide
Real-time Specialty Inventory Jobs Trends in New York, United States (Graphical Representation)
Explore profound insights with Expertini's real-time, in-depth analysis, showcased through the graph below. This graph displays the job market trends for Specialty Inventory in New York, United States using a bar chart to represent the number of jobs available and a trend line to illustrate the trend over time. Specifically, the graph shows 12351 jobs in United States and 191 jobs in New York. This comprehensive analysis highlights market share and opportunities for professionals in Specialty Inventory roles. These dynamic trends provide a better understanding of the job market landscape in these regions.
Great news! Paper Source is currently hiring and seeking a Specialty Inventory Manager to join their team. Feel free to download the job details.
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An organization's rules and standards set how people should be treated in the office and how different situations should be handled. The work culture at Paper Source adheres to the cultural norms as outlined by Expertini.
The fundamental ethical values are:The average salary range for a Specialty Inventory Manager Jobs United States varies, but the pay scale is rated "Standard" in New York. Salary levels may vary depending on your industry, experience, and skills. It's essential to research and negotiate effectively. We advise reading the full job specification before proceeding with the application to understand the salary package.
Key qualifications for Specialty Inventory Manager typically include Operations Specialties Managers and a list of qualifications and expertise as mentioned in the job specification. Be sure to check the specific job listing for detailed requirements and qualifications.
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Here are some tips to help you prepare for and ace your job interview:
Before the Interview:To prepare for your Specialty Inventory Manager interview at Paper Source, research the company, understand the job requirements, and practice common interview questions.
Highlight your leadership skills, achievements, and strategic thinking abilities. Be prepared to discuss your experience with HR, including your approach to meeting targets as a team player. Additionally, review the Paper Source's products or services and be prepared to discuss how you can contribute to their success.
By following these tips, you can increase your chances of making a positive impression and landing the job!
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