ItalicIT

Inventory Supervisor

Luxury should be defined by the quality of the product, not by the logo or the price tag.

Italic

Employee count: 51-200

AR, MX + 1 more
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Italic is creating a world of luxury without labels. We believe that luxury today is exclusionary and all about marketing that hurts its customers and manufacturers. Our mission is to create a new model that enables manufacturers to bypass the legacy luxury supply chain and deliver luxury goods with equivalent or better quality directly to consumers. Our customers come to rely on Italic for our quality, timeless design, and radical value.

We are seeking a highly analytical and detail-oriented Inventory Supervisor to join our dynamic team. In this crucial role, you will be responsible for managing our inventory levels, ensuring that we have the right products in the right quantities at the right time. Your expertise will play a pivotal role in optimizing our inventory investment and minimizing overstock situations. By owning the open-to-buy process, you will collaborate closely with cross-functional teams to align inventory plans with financial goals and market demands.

Responsibilities

Ownership of Open-to-Buy (OTB)

  • Develop and maintain the open-to-buy (OTB) process to manage inventory levels effectively, ensuring alignment with financial objectives.
  • Analyze historical data and current trends to forecast sales and inventory requirements, adjusting OTB as necessary to respond to changing market conditions.

Inventory Planning and Management

  • Create and execute detailed merchandise plans for each category, considering sales trends, seasonal fluctuations, and promotional activities.
  • Monitor inventory levels in real-time, identifying potential stock shortages or excesses and taking proactive steps to address them.

Collaboration and Cross-Functional Partnership

  • Work closely with the buying and merchandising teams to align purchase plans with inventory strategies, ensuring a cohesive approach to product assortment and stock levels.
  • Partner with the finance team to reconcile inventory plans with budgetary constraints, optimizing for profitability and cash flow.

Requirements

Technical Skills

  • Proven experience in merchandise planning, inventory management, or a related field, with a strong understanding of retail math and inventory planning concepts.
  • Proficiency in inventory management software and advanced Excel skills for data analysis and forecasting.
  • Ability to interpret and analyze sales data to inform purchasing decisions and inventory strategies.

Soft Skills

  • Exceptional analytical and problem-solving skills, with a keen attention to detail.
  • Strong communication and collaboration skills, with the ability to work effectively across different teams and departments.
  • Adaptability and flexibility to respond quickly to changing market conditions and business needs.

Mentality

  • A proactive and strategic thinker, with a focus on continuous improvement and optimization of inventory processes.
  • A results-driven mindset, with a commitment to achieving financial goals and maximizing inventory efficiency.
  • A team player, dedicated to contributing to the overall success of the organization through effective merchandise planning.

This role is ideal for an individual passionate about balancing operational efficiency with financial objectives, eager to make a significant impact in a fast-paced retail environment. If you are ready to take on the challenge of optimizing our inventory to meet the ever-changing needs of our customers, we would love to hear from you.

Culture

Great Brands Start With Great People

Our culture focuses on performance, integrity, and longevity. We believe that the best brands are not grown through sheer force but rather through deliberate decision-making and persistent effort over a long period of time. We are committed to creating a workplace where talented individuals can thrive in building an enduring, beloved brand that we all take pride in.

Inputs Over Outputs

We value the effort and work that goes into achieving results rather than just the end result. We believe that investing in our people and processes will lead to better outcomes while also creating a more sustainable and enjoyable environment.

Flat Hierarchy

Our company has a flat hierarchy and values the input and ideas of all team members. We believe that everyone has the potential to make a significant contribution to the success of the company.

Small Team, Big Opportunities

As a small team, all employees are expected to take ownership in their work. Some might move faster while others are fine with a slower pace. Those who seek to move faster in their career will be able to do so based solely on merit, contribution, and performance.

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About the job

Apply before

May 10, 2024

Posted on

Mar 11, 2024

Job type

Full Time

Experience level

Mid-level

Location requirements

Hiring timezones

Argentina +/- 0 hours, and 2 other timezones

About Italic

Learn more about Italic and their company culture.

View company profile

Luxury should be defined by the quality of the product, not by the logo or the price tag.

The luxury industry is at a crossroads — modern technology has transformed how we shop, and consumers are more informed than in years past. Luxury brands that used to be able to count on mystique and premium materials alone are now forced to resort to artificial scarcity and hype to justify their high markups and preserve profits.

Luxury now is about status and marketing, but it wasn’t always this way. Luxury once represented exceptional materials, beautiful design, and excellent craftsmanship. But, as the industry has evolved, quality has become secondary to the bottom line and the marketing machine.

Italic was born to challenge this notion and to return to a more egalitarian past: a world where an aspirational lifestyle and beautiful products that people would consider luxuries are made accessible to everyone. We believe that luxury should be defined by the quality of the product, not by the logo or the price tag.

An Antiquated Supply Chain

The luxury industry intentionally keeps its operations secretive to lead consumers to believe that they have exclusive access to better materials, designers, and manufacturers.

After spending years visiting hundreds of the world’s best manufacturers behind luxury brands in Asia, America, and Europe, we can definitively say that this couldn’t be further from the truth. A closer look reveals that most fashion, home goods, and beauty brands will use the same manufacturers as mid-market or even sometimes fast-fashion brands. Like any brand, luxury ones optimize to minimize costs and maximize profits.

The result is that manufacturers get relentlessly squeezed on lower and lower profits lest they risk their luxury clients bringing volume to competitors. At the same time, these brands spend more money on marketing to justify the high prices. And their customers are left unknowingly paying eight, ten, or even twenty times what a product actually costs to make.

The luxury experience is a facade for “heritage” and “quality” masking an otherwise unexceptional, antiquated supply chain.

The Better Way

A lot has been said about “cutting out the middleman” in recent years. In the early days of online commerce, new brands removed retailers from their distribution strategy and instead sold directly to their customers, taking that margins to increase profits while also reducing prices. As time passed, however, more brands came online and shifted the price back toward higher prices and profit margins.

Technology has dramatically improved so many parts of our lives, but the stark reality is that customers today are purchasing the same quality, using the same supply chain, at the same prices.

We’re inspired by the work and mission of a lot of these online brands, but want to take it one step further and remove both brands and retailers from our supply chain. Italic aims to connect consumers straight to the source. We believe that if we equip the world’s best manufacturers with a new global supply chain that bypasses brands & retailers, they are incentivized to deliver equivalent or better quality but at dramatically better prices for customers.

With modern technology and a global network of manufacturers, we pioneered a new supply chain to operate more efficiently and equitably that generates much greater shared value for not just ourselves, but also for our manufacturing partners and customers.

True Luxury, Radical Value

The first question we always get when people learn about Italic is that it seems too good to be true and that we must be compromising somewhere along the line. It’s easy to see why — unless you’ve spent time in retail, it’s understandably difficult to believe that quality isn’t inherently expensive.

Our team is composed of luxury and technology veterans who know how to build and deliver an experience and product on par with the best.

Luxury Quality

Everything starts with products. We are on a never-ending quest to improve our product quality. We accomplish this by sourcing and partnering with the world’s best manufacturers, using rare and technically-superior materials even if they cost more, and developing beautiful, elegant designs that stand the test of time.

Service First

We seek to deliver an exceptional experience akin to one you would expect from any luxury brand or retailer. This means delivering and refining all processes in service of our customers, starting with a delightful shopping experience, then with fast, reliable shipping, and ending with support that puts our customers’ needs first.

Unmatched Prices

Italic wouldn’t work if we didn’t have a pricing policy that leveraged our unique supply chain in accordance with enabling Italic to thrive in the long term. While Italic is not and never will be “cheap,” we seek to be radically lower (by 50-80%) than our closest competitors for equivalent quality across all of our products.

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