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Job Details

Director Inventory Performance and Optimization

Company name
RENT THE RUNWAY.

Location
Brooklyn, NY, United States

Employment Type
Full-Time

Industry
Executive, Manager, Logistics, Operations

Posted on
Jun 01, 2023

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Profile

About Us:

Rent the Runway (RTR) is transforming the way we get dressed by pioneering the world’s first Closet in the Cloud. Founded in 2009, RTR has disrupted the $2.4 trillion fashion industry by inspiring women with a more joyful, sustainable and financially-savvy way to feel their best every day. As the ultimate destination for circular fashion, the brand now offers infinite points of access to its shared closet via a fully customizable subscription to fashion, one-time rental or ownership. RTR offers designer apparel, accessories and home decor from 700 brand partners and has built in-house proprietary technology and a one-of-a-kind reverse logistics operation. Under CEO and Co-Founder Jennifer Hyman’s leadership, RTR has been named to CNBC’s “Disruptor 50” five times in ten years, and has been placed on Fast Company’s Most Innovative Companies list multiple times, while Hyman herself has been named to the “TIME 100” most influential people in the world and as one of People magazine’s “Women Changing the World.”

About the Job:

As the Director of Inventory Performance and Optimization at Rent the Runway, you will play a critical role in ensuring efficient inventory management and optimizing the performance of our inventory in a circular economy. You will lead a team responsible for inventory performance, inventory ROI and exit strategies, onsite financial performance and overall inventory health. The ideal candidate has a strong analytical mindset, exceptional problem-solving skills, and a passion for driving operational excellence.

What You’ll Do:

Develop and execute strategies to maximize inventory productivity, minimize stock-outs, and reduce excess inventory.

Collaborate closely with cross-functional teams, including Merchandising, Operations, and Supply Chain, to ensure inventory availability meets customer demand while optimizing inventory turn and profitability.

Establish key performance indicators (KPIs) and develop reporting mechanisms to track and measure inventory performance, identifying areas of improvement and implementing corrective actions.

Drive inventory optimization initiatives, including assortment rationalization, markdown management, and replenishment strategies.

Conduct in-depth analysis of inventory trends, sales data, and customer insights to identify opportunities and risks, recommending actionable strategies to enhance inventory performance.

Lead inventory forecasting and allocation processes to ensure the right products are available at the right locations to meet customer demand while minimizing costs and maximizing sell-through.

Utilize advanced forecasting techniques and inventory management systems to improve accuracy and efficiency in inventory planning and replenishment.

Continuously evaluate and optimize inventory processes, systems, and tools to enhance operational effectiveness and scalability.

Manage and develop a team providing coaching, guidance, and performance feedback to foster professional growth.

About You:

Bachelor's degree in Business, Supply Chain Management, Finance, Operations Research, or a related field. Master's degree preferred.

Proven experience (8 years) in inventory management, demand planning, or related roles, preferably in the retail or e-commerce industry.

Strong analytical skills and experience working with large datasets. Proficiency in data analysis tools (e.g., Excel, SQL) and inventory management software.

Solid understanding of inventory planning concepts, demand forecasting techniques, and inventory optimization strategies.

Demonstrated leadership abilities with experience in managing and developing high-performing teams.

Excellent communication and interpersonal skills with the ability to collaborate effectively across departments and influence stakeholders at various levels.

Detail-oriented mindset with the ability to prioritize tasks, meet deadlines, and drive results in a fast-paced, dynamic environment.

Knowledge of fashion retail and familiarity with the latest trends in the industry is a plus.

Strong problem-solving abilities and a proactive approach to identifying opportunities for process improvement and operational efficiencies.

Benefits:

At Rent the Runway, we’re committed to the wellbeing of our employees, and aim to create a workplace that fosters both personal and professional growth. Our inclusive benefits include, but are not limited to:

Paid Time Off including vacation, paid bereavement, and family sick leave - every employee needs time to take care of themselves and their family.

Universal Paid Parental Leave for both parents flexible return to work program - because we know your newest family member(s) deserve your undivided attention.

Paid Sabbatical after 5 years of continuous service - Unplug, recharge, and have some fun!

Exclusive employee subscription and rental discounts - to ensure you experience the magic of renting the runway (and give us valued feedback!).

Comprehensive health, vision, dental, FSA and dependent care from day 1 of employment - Your health comes first and we’ve got you covered.

401k match - an investment in your future.

Company wide events and outings - our team spirit is no joke - we know how to have fun!

Hybrid Work - our corporate employees have the option to work remotely 2 days a week, in accordance with Company policies.

COVID-19 VACCINE REQUIREMENT:

RTR is requiring all US corporate employees to be fully vaccinated for COVID-19 in order to work in person, unless an employee requires a reasonable accommodation for medical or religious reasons. If you believe that you may require an accommodation, please apply for any roles that interest you and if hired, you will receive information on how to request a reasonable accommodation after your start date. RTR will evaluate all such requests in accordance with Company policy and applicable law.

Rent the Runway is an equal opportunity employer. In accordance with applicable law, we prohibit discrimination against any applicant or employee based on any legally-recognized basis, including, but not limited to: race, color, religion, sex (including pregnancy, lactation, childbirth or related medical conditions), sexual orientation, gender identity, age (40 and over), national origin or ancestry, citizenship status, physical or mental disability, genetic information (including testing and characteristics), veteran status, uniformed service member status or any other status protected by federal, state or local law.

_________

The anticipated base salary for this position is $184,000.00 - $230,000. The actual base salary offered will depend on a variety of factors, including without limitation, the qualifications of the individual applicant for the position, years of relevant experience, level of education attained, certifications or other professional licenses held. This position is also eligible for equity compensation.

Company info

RENT THE RUNWAY.
Website : https://www.renttherunway.com

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