We're seeking a seasoned and analytically driven Senior Product Optimization Specialist to join our Planning & Buying team. This key role plays a crucial part in ensuring the right product is in the right place at the right time, supporting sales and profitability across all channels.
About the Role:
You'll work closely with buyers, retail teams, and supply chain to develop strategies that optimize stock performance and customer satisfaction. Key responsibilities include partnering with the Buying team to create seasonal merchandise plans and range frameworks aligned with business objectives, managing Open to Buy (OTB) budgets, and analysing sales, margin, and inventory data to identify trends, opportunities, and risks.
Key Responsibilities:
* Partner with the Buying team to develop seasonal merchandise plans and range frameworks.
* Manage OTB budgets and ensure stock aligns with sales forecasts and promotional calendars.
* Analyse sales, margin, and inventory data to identify trends, opportunities, and risks.
* Develop allocation and replenishment strategies to maximize sell-through and minimize markdowns.
* Forecast future sales and stock needs based on historical performance, trends, and market conditions.
* Monitor product lifecycle and make recommendations on markdowns, reorders, or exit strategies.
* Provide regular reporting and insights to cross-functional teams and senior stakeholders.
Requirements:
* 3+ years' experience in a product optimization or inventory management role.
* Strong analytical and numerical skills with advanced Excel capability.
* Commercially savvy with a deep understanding of retail KPIs and financial levers.
* Exceptional attention to detail and ability to manage multiple priorities.
* Confident communicator who can influence cross-functional teams and build strong working relationships.
* Experience using planning tools is a plus.
* Strong team management skills to help develop our team.
* Passion for fashion retail is highly regarded.