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BROBSTON GROUP

Manager, Inventory Shortage Control

Posted 1 month ago
New York
Market: NY - New York
Industry Segment: Luxury Fashion, Luxury Menswear
Category: Operations
Seniority: Manager
Job Type: Full time
Remote? Fully Remote

Marketplace Role

As a service to our candidates we present 1000’s of luxury industry roles as part of our Marketplace offering. For these jobs you will be forwarded to the brand to apply directly.

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Manager, Inventory Shortage Control
Saks Fifth Avenue
Remote
Luxury Fashion, Luxury Menswear
Full time
Posted 1 month ago

Marketplace Role

As a service to our candidates we present 1000’s of luxury industry roles as part of our Marketplace offering. For these jobs you will be forwarded to the brand to apply directly.

Job Description

What This Position Is All About

The Manager, Inventory Shortage Control is responsible for inventory/item accuracy and shortage control. This position is responsible for location and divisional item integrity, which is critical to the success of reducing company shortage, optimizing sales and supporting operational processes. This will be accomplished through strong partnership with Merchant teams, Planning teams, Store teams, Distribution Centers, Store Operations, Accounts Payable, Retail Accounting and Vendor Relations. This candidate will possess strong communication skills, strong business and financial analysis skills, and be a team player with problem solving ability. This individual must be able to view the total business and actively get involved in the details and understand the impact of multiple different scenarios and its effects on inventory accuracy, company shortage and the total business.

Job Description

  • Manage all inventory adjustments from stores, merchants and planning areas. This includes research and execution of all asset and consignment adjustments due to, but not limited too; on-line sales filled from stores, direct to store and Dc receipts, RTV’s, transfers, damages, invalid SKN usage, improper sales transactions and merchandise to expense charges.
  • Analyze all item change requests to ensure validity and accurately complete item adjustments in a timely manner to ensure item integrity.
  • Monitor several reports to ensure proper financial booking of all receipts and inventory movements between stores, DCS and Saks.com. Research, problem solve and process adjustments when needed.
  • Monitor and analyze SKU integrity of specific stores and Dc locations, to maintain optimal accuracy of item integrity. Develop and implement strategies to correct store locations with high error rates.
  • Participate in preparing locations for, capturing and reconciling an annual financial inventory. Direct responsibility to reconcile an assigned group of stores and divisions or groups. This includes the monitoring of several daily reports and researching inventory discrepancies for corrective actions and processing inventory adjustments. Act as a lead liaison to stores through the entire inventory process.
  • Schedule, monitor and follow up on all stock/unit counts on an as-needed basis. Ensure an accurate reconciliation and completion of counts. Responsible for all correction or rescheduling counts if needed. Report all significant discrepancies to AVP Inventory Shortage Control.
  • Provide training to locations on shortage and item accuracy procedures.
  • Proactively analyze assigned store and Dc shortages to identify potential problems and meet with AVP to strategize correction.
  • Participate in, and support both corporate and store shortage strategies.
  • Participate in various, as needed projects to reduce shortage exposures for the company.

Job Requirements

  • University of College degree or commensurate retail experience.
  • Strong business and financial analysis skills and attention to details.
  • Advanced computer skills including Excel, Word and PowerPoint.
  • Strong written and verbal communication skills.
  • Strong team player with analytical and problem solving skills.
  • Partnership and interactions skills with leadership abilities.

Your Life and Career at SFA:

  • Strong team player with analytical and problem solving skills.
  • Be a part of a team of disruptors focused on stores and redefining the luxury experience.
  • Exposure to rewarding career advancement opportunities, from retail to supply chain, to digital or corporate.
  • A culture that promotes a healthy, fulfilling work/life balance.
  • Benefits package for all eligible full-time employees (including medical, vision and dental).
  • An amazing employee discount.

The role can be performed anywhere in the United States except NYC and/or CA.

About Saks Fifth Avenue

Saks Fifth Avenue first opened its doors in 1924, taking up a full city block on one of the world’s most prestigious shopping streets. Since then, Saks has changed the luxury retail game and become an icon of style and innovation—from world-famous window displays and impactful in-store art exhibitions to unforgettable, curated designer collections and a seamless online shopping experience.

The Saks team is at the cutting edge of high-end fashion, bringing the new luxury experience to customers far and wide. At the core of the Saks culture is a commitment to people—whether it’s surprising and delighting shoppers, supporting the growth of every team member or using the Saks platform to create change and champion causes.

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Manager, Inventory Shortage Control
Saks Fifth Avenue Stores
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Saks Fifth Avenue

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