Manager, Inventory Planning

Manager, Inventory Planning

At Chanel, we are focused on creating an inclusive culture that nurtures personal growth, contributing to collective progress. We believe the uniqueness of each individual increases the diversity, complementarity, and effectiveness of our teams. We strongly encourage your application, as we value the perspective, experience, and potential you could bring to CHANEL.

About the Job

CHANEL is looking for a Manager to join our Inventory Planning team in our Fragrance & Beauty (F&B) division in New York. Reporting to the Group Director of Owned Account & Inventory Planning, you will play a leading role in supporting inventory strategy, replenishment, and stock optimization strategy for our direct-to-consumer (Owned) accounts to meet sales & inventory plans, inventory turn and service level objectives. This role interfaces with multiple functions in our division and is a key partner for our Digital, Retail and Field teams. Our ideal candidate will have a minimum of 5 years of experience and a passion for inventory strategy and optimization.

What impact you can create at CHANEL:

Our ideal candidate is analytical, and numbers driven, with an ability to multi-task and synthesize data to drive the performance of our Owned business and meet our customer demands. Our ideal candidate will be able to:

• Project manage the launch of a new replenishment tool
• Manage multi-faceted and evolving retail distribution network
• Digest and execute on large sets of data supporting a high sales and SKU volume
• Oversee multiple priorities with high level of autonomy
• Drive stock optimization throughout Chanel retail and leased accounts

Key Responsibilities include:

1. Forecasting & Inventory Optimization

• Advanced Forecasting Models: Implement and refine statistical forecasting algorithms to enhance accuracy and optimize inventory management
• Process Improvement: Continuously assess and refine forecasting and replenishment processes, focusing on data-driven insights, stock accuracy, and efficient execution
• Store Openings & DTC Channels: Ensure proper stock allocation and replenishment for new store openings and direct-to-consumer channels, tracking performance and trends to adjust strategy
• Weekly Reporting & Risk Mitigation: Conduct weekly analysis of replenishment, sell-through, stock coverage, and identify risks such as low stock coverage or potential sales gaps
• Oversee and manage weekly replenishment for all Owned accounts from our warehouse to various points of distribution for all on-going basic inventory product categories
• Manage newness inventory execution for all Owned accounts from pre-go live to post-go live (inventory allocations, PO lifecycle from order creation to delivery, post go-live inventory performance analysis, etc.)

2. Forecast Accuracy & Continuous Improvement

• Stock Accuracy & Data Integrity: Improve stock accuracy through regular audits and data validation. Use analytics to optimize product allocations and sales forecasts
• Adoption of New Tools: Lead the integration of advanced inventory planning tools and systems, training the team on best practices for better forecasting and optimization

3. Stakeholder Engagement & Change Leadership

• Stakeholder Collaboration: Build strong relationships with key stakeholders to ensure alignment on forecasting and inventory management goals
• Change Management: Act as a Change Champion, leading the adoption of new methodologies and tools across teams to improve efficiency
• Leadership Reporting: Provide actionable insights and recommendations to senior leadership, focusing on key metrics like BOM/EOM, sell-through, and WOS
• Cross-Functional Collaboration: Support the Group Director in cross-functional project execution and key meetings, ensuring in-depth business analysis is provided for decision-making

You are energized by...

• Displaying agility by showing flexibility and cultivating a growth mindset through resiliency within a fast-paced environment
• Navigating complexity and being able to work autonomously
• Working with multiple accounts and large sets of data to tell an impactful story through the numbers
• Working cross-functionally and cultivating impactful relationships with key stakeholders to drive the success in our Owned network
• Guiding and developing team members by providing leadership, coaching and development

What you will bring to the team...

• A high comfort level and experience with a high sales volume, large sets of data, a high SKU count with heavy seasonality
• Highly analytical with an aptitude for interpreting and utilizing data to improve and propose strategic impact
• Strategic thinker/tactical executor with the ability to embrace change and foster new opportunities to grow and protect the business
• Must be self-motivated and a self-starter, with a strong attention to detail and systems acumen.
• Fundamental knowledge of the Supply Chain including supply planning, forecasting models, inventory management, manufacturing, and distribution
• Proficiency in Microsoft Excel and Microsoft PowerPoint and have aptitude to learn technical applications quickly.
• Possess strong organizational and time management skills
• Learning agility and ability to creatively problem-solve in a fast-paced environment; ability to balance multiple tasks
• Exceptional interpersonal and communication skills including the ability to communicate effectively with personnel at all levels of the organization.

Position Logistics:

• Minimum 5 years of experience, ideally within an Operations capacity (Inventory Planning, Forecasting, Distribution, Supply Chain, etc.)
• Previous experience with Anaplan is a plus
• Bachelor's degree required, ideally in a Supply Chain/Merchandising/Planning field
• Partially Remote: Role requires a minimum of three days in-person office presence at the designated location/office.

Compensation:

• The anticipated base salary range for this position is $87,500 through $115,000. Base salary is one component of the total compensation for this position. Other forms of variable pay [may/will] be offered for this position. Other components [may/will] include bonus potential, benefits, and/or perks.

Benefits and Perks:

• Wellbeing resources include dedicated paid time off for wellbeing (2-week August Office Closure) and a Wellbeing fund

• Family and care giving benefits (inclusive of parental leave, fertility support, MilkStork, and Care.com Membership)

• Generous paid time off policies to include vacation, holiday, sick and volunteer days

• 401K and other incentives

• Robust healthcare offerings; medical, dental, vision, MDLIVE (virtual care), One Medical, Flexible Spending Accounts (Health Care & Dependent Care), Health Savings Account and Employee Assistance Program

• Life insurance, Accidental Death & Dismemberment, Short Term Disability, Long Term Disability, Health Advocate, International Business Travel Accident & Medical, and Commuter Transit & Parking

Additional Information:

Chanel is a private company whose values are grounded in creating the conditions for people to perform at their best and feel fulfilled and confident in their work. We offer a unique work environment where individuals are encouraged to better understand the brand, the business, and motivations, so that together we can unlock the possibilities of growth. This is reflected in:

Diversity and Inclusion:

• At CHANEL, we are intentional in promoting Diversity & Inclusion. We foster respect, empathy and dignity for all. We believe strongly that the diversity of our people across the full spectrum of human differences is essential to our organisation and the connections we have with each other and our clients.

• We offer Employee Resource Groups in the US that are voluntary, open to all, employee-led groups formed around a shared identity or lived experience, whose aim is to foster a diverse, inclusive, and equitable community aligned with the values and missions of the communities they support.

Chanel Community:

• CHANEL Community empowers our employees to channel their passions, talents and sense of purpose to contribute to and learn from our communities.

• Employees are encouraged to take time off annually to volunteer through CHANEL Community. CHANEL also matches employee donations to select charitable organizations.

Sustainability:

• CHANEL Mission 1.5 is our climate action plan. It is focused on transforming the business in line with the ambitions of the Paris Agreement on climate change to limit the average global mean temperature increase to 1.5 degrees Celsius above preindustrial levels.

• Employees are encouraged to contribute to our US Sustainability efforts at the corporate level and within the divisions, through organized taskforces and initiatives.

Arts and Culture:

• We are committed to extending our legacy of cultural engagement. Global support includes the CHANEL Culture Fund, which supports a select group of leading art culture institutions across the globe, and the CHANEL Next Prize for the next generation of creative talent. US support currently includes Annual sponsorship of the MoMA film program, Tribeca Film Festival programs and Through Her Lens, Support of the Academy Gold Fellowship for Women and Sponsorship of the BAAND Together Dance Festival at Lincoln Center.

Fondation Chanel:

• Since 2011, Fondation CHANEL's mission is for women and girls to be free to shape their own destiny. Through multi-year partnerships with financial and technical support, Fondation CHANEL is committed to improving the safety and autonomy of women and adolescent girls around the world, impacting over a million women and girls in its first 10 years.

• For more information, please navigate to the Fondation Chanel website here

Career and Leadership Development:

• We have dedicated in-house teams focused on supporting the onboarding of employees,developing leadership skills via custom programs like Imagine Chanel People, Heart of Leadership and group and individual coaching, and blended online and live classes offered on our Bloom platform and by skilled trainers, such as Shape Your Career, to develop career building skills.

*Chanel, Inc. benefits and perks are dependent on eligibility and subject to modification by Chanel at any time.