Vancouver, British Columbia, Canada
I am a retail professional with over 10 years of experience in Purchasing, Planning, Allocations, and Inventory Management in the apparel and consumer electronics industry. Demand Forecasting, Managing a team, and working cross-functionally with key departments including Merchandising, Supply Chain & Logistics, Marketing and Finance is a prominent element of my experience. Expert knowledge of Excel, and experience with retail inventory-management software are highlights of my technical skill-set.
Perform SKU-level inventory and sales analysis to support optimal inventory assortment, allocations, and purchases. Maximize profitability by optimizing turns and in-stock levels. Carefully manage product transitions and clearance inventory to minimize margin losses while executing a smooth exit strategy. Collaborate with Merchandise Managers to evaluate forecasts, assortment, and in-store planograms, and ensure plan alignment to department budget. Manage inventory pipeline flow from vendor to DC to stores, and liaise with vendor and supply chain teams to address any logistical challenges.
Directed team of nine employees responsible for management of company-wide inventory comprised of over 100 vendors, 100,000 units of inventory, and $20 million in annual sales. Created open-to-buy budgets by category and vendor through analysis of inventory performance measures including receipts, sales, turn, margin and GMROI. Analyzed inventory to develop strategies for product allocation/reallocation, reorders, and markdowns to maximize sales and profitability. Partnered with Marketing Department to suggest categories and brands for promotion based on inventory performance. Monitored company and store inventory levels, and directed inventory-movement and/or clearance strategies to accommodate for incoming receipts. Oversaw inbound international freight, and inter-company logistics. Maintained relationships with freight carriers, and ensured company received the greatest possible value for freight requirements. Developed systems, procedures and tools for effective, efficient inventory analysis and product management. Coached, mentored and fostered growth for team of nine employees. Maintained department morale, conducted annual reviews, and negotiated compensation packages in conjunction with CEO/HR.
Managed portfolio of brands, maximizing inventory performance by executing strategies to grow sales, improve turn, and maximize gross margin. Brokered vendor support through product swaps, discounts, and marketing support while maintaining positive vendor relationships. Consulted with retail store sales staff and management for feedback on brands, styles and performance. Participated in buying appointments in major international markets, selecting styles/products, and writing orders. Sourced new brands and vendors.