Senior Inventory Manager Job Details | Lane Crawford

Lane Crawford is an internationally renowned luxury department store with over 175 years of success, delivering an exceptional and eclectic product curation with dynamic Asian spirit and values. As the Senior Inventory Manager, you will oversee the operations of the inventory management team to ensure efficient processes and optimal resource allocation. You will monitor Open-to-Buy (OTB) inventory levels and collaborate with cross-functional teams to support organizational goals The Role Lead and develop a high-performing inventory team by fostering a culture of continuous improvement, providing coaching and mentorship, and ensuring alignment with operational goals and best practices. Be responsible for the financial planning and accounting of the inventory cycle. Oversee the operations of the inventory management team , ensuring accuracy of stock records, efficient processes and effective resource allocation. Drive continuous improvement initiatives in inventory processes to enhance control, accuracy, efficiency, and profitability. Provide monthly stock analysis, to monitor and report on OTB utilization, goods receipts, stock aging, depreciation level, MOC and their variances against budget and last year. Monitor damage, dead and aged stock and discuss with merchandise planning team to ensure clearance schedule are in place and followed through. Alert management should exceptions are foreseen. Validate and align Open-to-Buy (OTB) with merchandise planning team base on budget and latest projection on sales, sell through and months of cover to maintain optimal stock health and achievement of budget and related KPIs. Collaborate with cross-functional teams, including Sales, Merchandising, and Supply Chain, to ensure inventory strategies support organizational goals and offer solutions without compromising controls. Coordinate and conduct regular stocktake with internal stakeholders and external auditors, prepare reconciliations and report on variances and identify control weakness, if any and recommend actionable insights. Actively participate in the development and implementation of the new RMS to ensure a smooth rollout, while identifying opportunities to streamline workflows and enhance value throughout the process. Engage in ad hoc assignments and cross-functional initiatives as needed to support business priorities from time to time. The Ideal Candidate Bachelor’s degree in Accounting, Business Administration, or a related field. A member of the HKICPA/ ACCA/ a recognized professional accountancy body. Minimum of 10 years working experience in finance and accounting, of which at least 5 years’ supervisory experience in inventory management, including OTB reviews and monitory, preferably in a retail or wholesale environment. Proficiency in inventory management systems, data analysis, and reporting tools (e.g., Excel, ERP systems). Experience with demand forecasting software is a plus. Strong analytical and problem-solving skills, with the ability to make data-driven decisions. Excellent communication and leadership abilities, capable of building relationships with internal teams and external partners. Understanding inventory-related regulations and best practices in the industry for both Hong Kong and Mainland China. At Lane Crawford you work hard and play hard while we take care of your wellbeing. Your annual holiday leave is supplemented by special leave for birthday and work anniversaries, time off to celebrate key holidays and Summer Fridays. Our enhanced medical, dental, pension benefits and life insurance give you peace of mind. And it’s true, that all our permanent staff can enjoy staff discount and visit our legendary staff salesYou can develop your skills and knowledge on the job supported by curated learning experiences at The Academy, and have the opportunity to work with, and be exposed to, a team of internationally minded professionals who will support and stretch your career development. We offer staff wellness programmes to nurture mind, body and spirit in our head office and stores. We treasure opportunities to come together, whether it’s at an office Happy Hour, networking in the "Gin Den" or our Talk of The Town Staff Parties. Personal data provided will be used for recruitment purposes only. By applying for this position, you consent to the collection, use and disclosure of your personal data to Lane Crawford Joyce Group. Your personal data will be processed in accordance with our Privacy Policy. #J-18808-Ljbffr