Inventory Planner/ Allocator - men's apparel

Job Description

Associate Inventory Planner/Allocator

Position Overview

Mugsy Jeans is looking for an Inventory Planner/ Allocator to play a key role to manage inventory levels, analyze sales trends and plan future buys for our Men’s apparel brand. This position collaborates closely with merchandising, production and operations to execute comprehensive product strategies and maximize profitability while meeting customer demand. As an integral part of the team, the Planner will use data analysis to forecast future sales, inventory needs and healthy stock levels.

Key Responsibilities

• Data Analysis And Reporting:
• Utilize sales data, inventory reports, and market trends to make informed decisions on omni-channel seasonal buys in collaboration with the merchandising team.
• Generate and present regular reports on sales performance, stock levels, and inventory turnover for total Men’s Apparel assortment.
• Identify opportunities to improve sales margins through careful inventory planning.
• Sales Forecasting and Planning:
• Develop and maintain sales forecasts based on historical data, and seasonal demand patterns.
• Create buys & inventory targets that align with merchandising strategies and seasonal omni-channel buyplan.
• Optimize topline inventory levels against sales targets and profitability goals.
• Inventory Management:
• Analyze stock levels to ensure that inventory is maintained at optimal levels and avoid overstocking or understocking.
• Work closely with production and operations teams to ensure product is received in a timely manner to the warehouse.
• Conduct monthly inventory reviews and recommend product markdowns or adjustments to merchandising strategies.
• Store Allocation:
• Monitor store performance to ensure optimal product distribution and replenishment is allocated.
• Analyze weekly sales, inventory levels, and store performance to allocate and replenish merchandise across 8 retail locations, ensuring optimal stock levels, minimizing markdown risk, and maximizing sell-through.
• Create and maintain allocation strategies based on sales trends, seasonality, store volume, and customer demand.
• Collaboration:
• Partner with the merchandising team to plan seasonal assortments and develop product strategies for both ecommerce and store channels.
• Work closely with merchandising, marketing and stores teams to ensure product launch success and customer demands are met across ecommerce and stores.
• Communicate occasionally with vendors on size level buys and official packing list quantities.

Skills & Qualifications

• Education:
• Bachelor’s degree preferred in Business, Retail Management, Merchandising, or related field.
• Experience:
• 2-5 years of experience in apparel planning, merchandising or related roles.
• Experience in data analysis and inventory management is preferred.
• Technical Skills:
• Strong analytical and retail math skills.
• Proficiency in Excel.
• Familiarity with retail planning and ERP systems is preferred.
• Knowledge of the apparel industry, including trends, seasonal sales cycles, and supply chain logistics.
• Soft Skills:
• Excellent communication skills, both verbal and written.
• Strong attention to detail and organizational skills.
• Ability to manage multiple projects simultaneously and work under tight deadlines.
• Team-oriented with the ability to collaborate effectively across departments.
• Proactive, adaptable, and enthusiastic about learning and contributing to the development of new products.
• Strong problem-solving abilities and adaptability to changing market conditions.
• Ability to thrive in a fast-paced, deadline-driven environment.

Work Environment

• Full-time position, partial hybrid / remote in the Greater New York area.
• Ability to travel domestically.
• Competitive compensation and benefits package (health insurance, 401k matching).
• 28 company holidays with unlimited vacation days.