Jewelry Television - Senior Director of Inventory Management and Analysis
International Executive Service Corps, Knoxville, Tennessee, United States, 37955
Overview
Jewelry Television® (JTV) is seeking a Senior Director of Inventory Management and Analysis to lead the strategic direction for the company’s inventory levels, analysis, and analytical support for all owned inventory. This role is central to driving profitability, managing financial exposure, and ensuring product availability meets demand across all categories of business. The Senior Director will act as a strategic partner to the Executive Team, translating complex inventory and sales data into actionable strategies that influence buying, planning, and financial outcomes.
Responsibilities
Strategic Analysis & Leadership
Define the overarching owned inventory levels for improved inventory health, including receipt flow, aging, and clearance strategies for underperforming items.
Prepare and present concise, high-impact inventory health reports and forecasts to the Executive Team, highlighting financial risk, opportunity, and the rationale behind strategic inventory decisions.
Work with Showing Planning and Web Managers to ensure inventory layers are actively addressed, and communicate inventory turns issues and opportunities.
Cross-Functional Partnership & Collaboration
Merchandising Buyers: create Sales, Gross Margin and Open to Buy (OTB) plans for each category based on inputs from Buyers and Programming. Collaborate on OTB, analyze category performance, and establish receipt flows to support hours without creating aged inventory.
Broadcast Show Responsibilities: translate category plans into Show Goals to guide financial performance by Show. Partner with Broadcast Execution Teams on inventory needs for live programs and align with the Broadcast schedule. Collaborate with Show Planning to manage low generator items for website sell-through.
Accounting and Finance Teams: work with Accounting and Finance on inventory valuation, reserve calculations, shrinkage analysis, and budgeting, including modeling financial impacts of inventory investments and liquidation scenarios.
Research and Modeling
Inventory Forecasting: create and maintain a high-level Sales, Gross Margin, Inventory and Receipt model for the fiscal year, separated by Owned and Consigned segments.
Profitability Analysis: review profitability and turns by brand, category, or vendor to support buying and programming decisions.
Process Improvement: identify opportunities to improve reporting and analytical tools related to inventory management and exception reporting with actionable callouts.
Operational Responsibilities
Inventory Health Monitoring: review daily sales and inventory reports to assist planners and buyers with high-value/high-velocity opportunities or risks.
Buyer Consultation: conduct meetings with Merchandising Buyers to discuss inventory health opportunities and risks.
Ad-Hoc Analysis: respond to analytical requests from Merchants and Broadcast Show Planners regarding inventory readiness or performance.
Data Integrity Check: oversee and validate key inputs into sales models to ensure data accuracy.
Executive Inventory Briefing: prepare and finalize the weekly inventory performance recap for the Executive Team, focusing on receipts, COGS, and inventory aging and turns, with strategic recommendations.
Open-to-Buy (OTB): lead the OTB planning process and provide analytical support to create receipt plans 3–4 months out; manage preowned inventory levels.
Financial Reconciliation: coordinate with Finance, Accounting and Operations to review inventory aging, markdown reserves, and liquidation opportunities.
Required Qualifications
Experience:
10+ years of progressive experience in Merchandising, Inventory Planning, and/or Business Analysis, with at least 5 years in a leadership/Director-level role focused on inventory and financial management.
Industry Focus:
Experience in a Retail environment that includes E-commerce and/or Broadcast/Live Selling. Jewelry, gemstones, or luxury goods experience is preferred but not required.
Financial Acumen:
Deep understanding of retail math, inventory valuation methodologies, OTB management, and the financial statements (P&L and Balance Sheet) as they relate to inventory.
Technical Skills:
Advanced proficiency in data analysis and visualization tools (e.g., SQL, Tableau, Power BI) and experience with large-scale inventory management systems. Proficiency in Excel is required.
Communication:
Exceptional written and verbal communication skills, with the ability to present complex analytical findings to C-suite and executive audiences.
Benefits
Outstanding employee benefit program with medical, dental and vision coverage.
401(k) Matching
Exceptional employee discount on JTV products.
24-hour private Fitness Center for all JTV employees and their immediate family.
Employee park with Walking Trail, Frisbee Golf, Volleyball, and more.
Overview provided for context. Jewelry Television® is an Equal Opportunity Employer (EOE) and participates in the E-Verify program. JTV is committed to a diverse and inclusive workplace.
Jewelry Television® (JTV) is an E-Verify employer and participates in the E-Verify program. Jewelry Television® (JTV) participates in the Tennessee Drug-Free Workplace Program.
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Responsibilities
Strategic Analysis & Leadership
Define the overarching owned inventory levels for improved inventory health, including receipt flow, aging, and clearance strategies for underperforming items.
Prepare and present concise, high-impact inventory health reports and forecasts to the Executive Team, highlighting financial risk, opportunity, and the rationale behind strategic inventory decisions.
Work with Showing Planning and Web Managers to ensure inventory layers are actively addressed, and communicate inventory turns issues and opportunities.
Cross-Functional Partnership & Collaboration
Merchandising Buyers: create Sales, Gross Margin and Open to Buy (OTB) plans for each category based on inputs from Buyers and Programming. Collaborate on OTB, analyze category performance, and establish receipt flows to support hours without creating aged inventory.
Broadcast Show Responsibilities: translate category plans into Show Goals to guide financial performance by Show. Partner with Broadcast Execution Teams on inventory needs for live programs and align with the Broadcast schedule. Collaborate with Show Planning to manage low generator items for website sell-through.
Accounting and Finance Teams: work with Accounting and Finance on inventory valuation, reserve calculations, shrinkage analysis, and budgeting, including modeling financial impacts of inventory investments and liquidation scenarios.
Research and Modeling
Inventory Forecasting: create and maintain a high-level Sales, Gross Margin, Inventory and Receipt model for the fiscal year, separated by Owned and Consigned segments.
Profitability Analysis: review profitability and turns by brand, category, or vendor to support buying and programming decisions.
Process Improvement: identify opportunities to improve reporting and analytical tools related to inventory management and exception reporting with actionable callouts.
Operational Responsibilities
Inventory Health Monitoring: review daily sales and inventory reports to assist planners and buyers with high-value/high-velocity opportunities or risks.
Buyer Consultation: conduct meetings with Merchandising Buyers to discuss inventory health opportunities and risks.
Ad-Hoc Analysis: respond to analytical requests from Merchants and Broadcast Show Planners regarding inventory readiness or performance.
Data Integrity Check: oversee and validate key inputs into sales models to ensure data accuracy.
Executive Inventory Briefing: prepare and finalize the weekly inventory performance recap for the Executive Team, focusing on receipts, COGS, and inventory aging and turns, with strategic recommendations.
Open-to-Buy (OTB): lead the OTB planning process and provide analytical support to create receipt plans 3–4 months out; manage preowned inventory levels.
Financial Reconciliation: coordinate with Finance, Accounting and Operations to review inventory aging, markdown reserves, and liquidation opportunities.
Required Qualifications
Experience:
10+ years of progressive experience in Merchandising, Inventory Planning, and/or Business Analysis, with at least 5 years in a leadership/Director-level role focused on inventory and financial management.
Industry Focus:
Experience in a Retail environment that includes E-commerce and/or Broadcast/Live Selling. Jewelry, gemstones, or luxury goods experience is preferred but not required.
Financial Acumen:
Deep understanding of retail math, inventory valuation methodologies, OTB management, and the financial statements (P&L and Balance Sheet) as they relate to inventory.
Technical Skills:
Advanced proficiency in data analysis and visualization tools (e.g., SQL, Tableau, Power BI) and experience with large-scale inventory management systems. Proficiency in Excel is required.
Communication:
Exceptional written and verbal communication skills, with the ability to present complex analytical findings to C-suite and executive audiences.
Benefits
Outstanding employee benefit program with medical, dental and vision coverage.
401(k) Matching
Exceptional employee discount on JTV products.
24-hour private Fitness Center for all JTV employees and their immediate family.
Employee park with Walking Trail, Frisbee Golf, Volleyball, and more.
Overview provided for context. Jewelry Television® is an Equal Opportunity Employer (EOE) and participates in the E-Verify program. JTV is committed to a diverse and inclusive workplace.
Jewelry Television® (JTV) is an E-Verify employer and participates in the E-Verify program. Jewelry Television® (JTV) participates in the Tennessee Drug-Free Workplace Program.
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