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Senior Inventory Analyst

Rent the Runway

Rent the Runway

IT
Brooklyn, NY, USA
Posted on Thursday, September 7, 2023

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:

Rent the Runway is seeking a highly motivated and experienced Senior Inventory Analyst to join our dynamic team. In this role you will play a critical role in driving inventory planning and optimization strategies to support our fast-growing fashion rental business. You will be responsible for analyzing inventory data, and implementing inventory management initiatives to maximize efficiency and profitability through allocation, pricing and liquidation (among other things).

What You’ll Do:

1. Inventory Planning and Analysis:

    • Develop and execute inventory planning strategies to optimize inventory health and performance. Provide liquidation and pricing recommendations to influence assortment health.
    • Conduct regular analysis of inventory data, including sales trends, product performance, and customer behavior, to identify areas for improvement and actionable insights.
    • Collaborate with finance, data scientists, operations and fashion to forecast demand, set inventory targets, and monitor inventory performance against goals.
    • Monitor inventory turnover and identify slow-moving or obsolete inventory, proposing strategies to optimize inventory levels and minimize write-offs.

2. Inventory Allocation and Assortment Planning:

    • Optimize inventory allocation across multiple distribution centers and retail locations to maximize product availability and minimize transfer costs.
    • Monitor inventory turnover and identify slow-moving or obsolete inventory, proposing strategies to optimize inventory levels and minimize write-offs.
    • Collaborate with merchandising teams to develop effective assortment plans and ensure optimal product mix based on customer preferences and market trends.

3. Reporting and Communication:

    • Prepare regular reports and present key inventory metrics, including stock levels, sell-through rates, and aging inventory, to senior management.
    • Collaborate with cross-functional teams to communicate inventory-related updates, strategies, and performance insights effectively.
    • Participate in inventory-related meetings and provide recommendations based on data-driven analysis.

About You:

  • Bachelor's degree in Business Administration, Supply Chain Management, or a related field. A master's degree is a plus.
  • 3+ years of experience in inventory management, demand forecasting, or related roles, preferably in a retail or e-commerce environment.
  • Strong analytical skills with proficiency in SQL, Looker, Excel and data analysis tools are essential. Knowledge of inventory planning methodologies, forecasting techniques, and supply chain best practices.
  • Excellent communication skills with the ability to present complex data in a clear and concise manner.
  • Strong problem-solving skills and attention to detail.
  • Ability to work in a fast-paced, dynamic environment and adapt to changing priorities.

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 1 day per week, in accordance with Company policies.

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.

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The anticipated base salary for this position is $78,400 to $105,000. 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.

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