Who You Are:
As an Inventory Analyst at Michael Kors, you'll be responsible for the merchandise allocation of all product categories for a global retail business with the objective of meeting financial and merchandising goals. You'll help to identify opportunities at a store level and communicate them to the team in order to drive business. Duties include initial purchase order allocation, maintenance of warehouse back stock, managing transfers and reorders and partnering with the buying and planning team to ensure proper merchandise assortment by door. You're a numbers person who enjoys exposure to product. Strong analytical skills, creative problem-solving skills and ability to thrive in an entrepreneurial environment are a must.
What You'll Do:
- Manage purchase orders from initial allocation through end of life cycle of merchandise, including replenishment and consolidation of goods to other stores or channels.
- Forecast store inventory flow for both replenishment and initial floorset and communicates any changes to plan.
- Own warehouse to warehouse inventory balancing on a weekly basis and identify opportunities to maximize sales.
- Manage overall store inventory levels based on store capacity, attributes, seasonality and selling curves. Monitor flow of initial assortments as well as reorders to stores by classification, delivery/group and by style whenever necessary.
- Identify and communicate sales opportunities and stock liabilities by door on a regular basis. Ensure that buy quantities and stock levels meet current sales trends and maximize readiness for key selling time periods.
- Ensure strong stock position by door on core, seasonal basics and item programs. Partner with the Buying team to maximize sales and profit by monitoring sales and stock penetrations on key programs as well as clearance and aging by door.
- Manage basic stock replenishment programs.
- Take ownership of warehouse inventory and aged inventory by door. Be aware and highlight any shipping issues that may affect business.
- Partner with Planner to recap business at by door level and create best seller/hindsight reports on a weekly, monthly and quarterly basis to allow for thorough analysis of the business. Communicate and champion needs of the stores.
- Establish strong relationships with buying/planning team and stores in order to better understand merchandising strategies and needs of the business. Visit stores at least once a month with the team
- Initiate and develop actionable analysis to recap business by classification and subclass at a store level in order to partner with planning and buying team to determine store attributes and create strategies to drive sales and achieve gross margin profitability by door.
- Recommend changes and/or enhancements to the current procedures and systems for the allocation and replenishment functions.
You'll Need to Have:
- Bachelor's degree
- 1-2 years of Planning or Allocation experience
- JDA Allocation or similar system experience
- Advanced Excel skills
We'd Love to See:
- Strong analytical and creative problem-solving skills
Ability to thrive in an entrepreneurial environment
MK Perks:
- Generous Paid Time Off & Holiday Schedule
- Summer Fridays
- Internal mobility across Versace, Jimmy Choo and Michael Kors
- Cross-brand Discount
- Exclusive Employee Sales
- Fav 5 Cards (MK Discount for friends and family)
- 401k Match
- Paid Parental Leave
- Thrive Wellness Program
- Commuter Benefits
- Gym Discounts
At Capri, we are all responsible for creating a diverse and inclusive workplace. We try to inspire change and growth within each other and believe success is a result that comes from our differences. Capri is proud to be an equal opportunity employer committed to inclusivity regardless of age, sex, sexual orientation, gender identity, genetic characteristics, race, color, creed, religion, ethnicity, national origin, alienage, citizenship, disability, marital status, military status, pregnancy, or any other legally-recognized protected basis prohibited by applicable law. M/D/F/V
In compliance with certain Pay Transparency laws, employers are required to disclose a salary range. The salary for this position will vary based on role requirements, skill set and years of experience.