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Inventory Optimization Lead - Temporary role - job 1 of 4

Job Description

As an Inventory Optimization Lead you will be a key contributor to our merchandising unit, focused on achieving the optimal balance between inventory levels and customer demand between markets, warehouses and selling channels.
You will play a critical role in ensuring product availability, reducing carrying costs, and maximizing operational efficiency. You will drive efficient regional demand fulfilment, spurring sales growth. This is 1-year contract.

Key responsibilities:

  • Execute strategy, way of working and accountable for execution of initial allocation parameters to be correctly set at all times
  • Follow up inventory targets for warehouse and store segments and support with actionable direction
  • Set delivery schedules to store with logistics counterpart
  • Follow-up replenishment and push strategy and settings per store segments
  • Monitor and improve stock accuracy in stores by supporting RFID routines
  • Monitor and execute system-set up to enable stocking and storage management in collaboration with Demand & supply unit, Merchandise managers and Logistics.
  • Set external exit strategy for inventory together with global counterparts
  • Optimize supply to minimize constraints and drivers impacting sales in line with inventory optimization strategy set by the Inventory optimization manager
  • Follow up execution of framework for prioritization of articles for allocation to secure commerciality in stores
  • Support the capacity planning for store inbound/outbound to support store planning

Qualifications

To be successful in the role as Inventory Optimization Lead you are customer and sales-driven professional with a strategic mindset. You are a detail-oriented professional with expertise in inventory management, data analysis, and with a strong supply chain understanding. You thrive working in a fast pace, in and agile environment. You are natural team player that strives to foster collaboration across channels, roles and functions.

What you need to succeed: 

  • Previous experience in of inventory optimization or merchandising.
  • Previous experience of stock management strategies and practices
  • Experience of logistics, allocation, store operation and/or online sales
  • High level of analytical skills and salesmanship
  • Advanced Excel user
  • Programming skills meriting
  • Structured way of working
  • Collaborative personality and good communication skills
  • Fluent written and spoken English

Additional Information

This is a full-time position with local 1-year contract, located in Warsaw, Poland. The Inventory Optimization Lead is part of the Merchandising Department and reports to Inventory and Optimization Manager.

Sounds interesting? Apply by sending in your CV in English as soon as possible, but no later than 22nd of December 2024. Due to data policies, we only accept applications through the career page. 

Benefits

We offer all our employees at H&M Group attractive benefits with extensive development opportunities around the globe. All our employees receive a staff discount card, usable on all our H&M Group brands in stores and online. Brands covered by the discount are H&M (Beauty and Move included), COS, Weekday, Monki, H&M HOME, & Other Stories, ARKET, Afound. In addition to our staff discount, all our employees are included in our H&M Incentive Program – HIP. You can read more about our H&M Incentive Program here.  

Additionally, what’s in it for you: 

  • Stable employment contract in an international company with a unique culture 
  • Hybrid work model (3 days in the office, 2 days WFH) 
  • 25% staff discount for you and your family member  
  • Access to the LinkedIn Learning Platform 
  • Sharing the cost of Sports Activities 
  • Sharing the cost of Private health insurance 
  • Referral Program for external colleagues joining 
  • Regular feedback from your manager and colleagues, so you can grow 
  • Extensive internal trainings and onboarding program 
  • Possibility of growing within the company (over 70% of our recruitment processes are internal) 

…& more  

In addition to our global benefits, all our local markets offer different competitive perks and benefits. Please note that they may differ between employment type and countries.  

Inclusion & Diversity   

H&M is a part of H&M Group. At H&M Group, we’re determined to create and maintain inclusive, diverse, and equitable workplaces throughout our organisation. Our teams should consist of a variety of people that share and combine their knowledge, experience, and ideas. Having a diverse workforce leads to a positive impact on how we address challenges, on what we perceive possible and on how we choose to relate to our colleagues and customers all over the world. Hence all diversity dimensions are taken into consideration in our recruitment process.   

We strive to have a fair and equal process and therefore kindly ask you not to attach a cover letter in your application as they often contain information that easily can trigger unintentional biases.  

Company Description 

H&M is a fashion brand that offers the latest styles and inspiration, from fashion pieces and unique designer collaborations to affordable wardrobe essentials. Our business idea is fashion & quality at the best price in a sustainable way.  Learn more about H&M here.  

What You Should Know About Inventory Optimization Lead - Temporary role, H&M Group

As the Inventory Optimization Lead at H&M in Warsaw, you'll become a vital part of our merchandising unit, dedicating your expertise to balance inventory levels and meet customer demand effectively across various markets, warehouses, and selling channels. This temporary position offers you a unique opportunity to make impactful decisions that enhance product availability while simultaneously reducing carrying costs. You'll work closely with various teams, ensuring that your strategies for regional demand fulfillment spur sales growth. Your day-to-day responsibilities will include managing inventory targets, scheduling deliveries, and improving stock accuracy in stores, while also collaborating with logistics and merchandising managers. A crucial aspect of your role will be optimizing supply to alleviate any constraints that might affect sales. To excel in this role, we're looking for someone with a strong analytical background in inventory management, a keen understanding of supply chain dynamics, and exceptional communication skills. If you thrive in a fast-paced, agile environment and revel in teamwork, this is the job for you! We offer competitive benefits, a supportive work culture, and the chance to develop your career with H&M. Sounds exciting? We're eager to meet you!

Frequently Asked Questions (FAQs) for Inventory Optimization Lead - Temporary role Role at H&M Group
What are the responsibilities of the Inventory Optimization Lead at H&M?

The Inventory Optimization Lead at H&M is responsible for driving efficient regional demand fulfillment, managing inventory targets, monitoring stock accuracy, and collaborating with logistics and merchandising teams to enhance product availability. You will also execute replenishment strategies, optimize supply to mitigate impacts on sales, and set delivery schedules, all while supporting the overall inventory optimization strategy.

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What qualifications are required for the Inventory Optimization Lead position at H&M?

To qualify for the Inventory Optimization Lead role at H&M, candidates should have prior experience in inventory optimization, stock management, and a good understanding of logistics and online sales. Strong analytical skills, advanced Excel proficiency, and experience in a merchandising environment are essential. Additionally, excellent communication skills and a collaborative mindset are key attributes for success in this role.

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What are the key skills needed for the Inventory Optimization Lead at H&M?

Key skills for the Inventory Optimization Lead at H&M include expertise in inventory management, strong data analysis capabilities, a strategic mindset, and the ability to work collaboratively across functions. Proficiency in Excel and understanding logistics, stocking strategies, and consumer behavior are also necessary to excel in this role.

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What does the career path look like for an Inventory Optimization Lead at H&M?

At H&M, an Inventory Optimization Lead has significant opportunities for growth. With a focus on internal recruitment, many positions are filled from within. By demonstrating strong performance and embracing the extensive training programs offered, you can advance your career to managerial and strategic roles within the merchandising or inventory departments.

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What are the benefits of working as an Inventory Optimization Lead at H&M?

Working as an Inventory Optimization Lead at H&M comes with a range of benefits, including a competitive salary, a staff discount across all H&M Group brands, access to learning platforms like LinkedIn Learning, and a hybrid work model. Additionally, you'll enjoy a supportive work environment that encourages personal and professional development, along with a commitment to inclusive workplace practices.

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Common Interview Questions for Inventory Optimization Lead - Temporary role
How do you prioritize tasks when managing inventory levels?

In managing inventory levels, I prioritize tasks based on urgency and impact on sales. I assess stock levels and usage rates to identify immediate needs, while also considering long-term inventory optimization strategies. Collaboration with teams, such as logistics and merchandising, allows me to align priorities with overall business goals.

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Can you describe a time you successfully optimized inventory in a previous role?

In my previous role, I implemented a data-driven approach to optimize inventory levels by analyzing sales trends and customer demand. This involved adjusting reordering schedules and improving communication with suppliers, resulting in a 20% reduction in excess stock and a corresponding improvement in product availability.

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What tools have you used for inventory management and analysis?

I've utilized various tools, including advanced Excel for data analysis, inventory management systems such as SAP, and BI tools for real-time insights. These tools have helped me streamline processes and enhance accuracy in inventory tracking, leading to effective decision-making.

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How do you handle discrepancies in inventory levels?

When discrepancies arise in inventory levels, I initiate a thorough investigation involving cross-referencing physical counts with inventory records. I collaborate with team members to identify the root cause, implement corrective actions, and enhance our processes to prevent future discrepancies.

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Describe how you would execute a replenishment strategy for stores.

I would begin by analyzing sales trends and seasonal demand forecasts to determine replenishment needs. Next, I would collaborate with the logistics team to set delivery schedules, categorizing stores based on stock levels and sales velocity to ensure a timely and efficient replenishment process.

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What is your experience working with RFID technology in inventory management?

I have experience implementing RFID technology, which significantly improved stock accuracy and reduced losses. By integrating RFID with our inventory management system, we could accurately track stock levels in real-time and optimize replenishment strategies, enhancing overall operational efficiency.

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What strategies do you employ for managing stock in a multi-channel environment?

In a multi-channel environment, I prioritize visibility and collaboration. I ensure that inventory levels are aligned across channels by using integrated management systems and regularly communicating with teams to synchronize demand and supply, thus maximizing sales opportunities.

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How do you ensure effective communication within your inventory team?

Effective communication is crucial, so I establish regular check-ins and updates among the inventory team and cross-functional partners. Using collaborative tools enhances transparency, allowing us to address challenges proactively and align our strategies effectively.

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What actions do you take when inventory shortages occur?

In the event of inventory shortages, I quickly assess the situation to understand demand forecasts and supply constraints. Coordinating with suppliers and logistics, I expedite orders where possible while also considering alternative products or solutions to minimize impact on sales.

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How do you stay up to date with best practices in inventory management?

I remain engaged with industry publications, attend webinars and conferences, and actively participate in professional associations focused on supply chain and inventory management. Additionally, I leverage networks for knowledge sharing and insights on emerging best practices.

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Founded in 1947, H&M is a Swedish multinational clothing-retail company known for its fast-fashion clothing for men, women, teenagers, and children. The company is headquartered in Stockholm, Sweden.

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Full-time, hybrid
DATE POSTED
December 17, 2024

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