Senior Inventory Lifecycle Planner
2 days ago
Watford
Senior Inventory Lifecycle Planner COMPANY OVERVIEW Designer Parfums is a fast growing, dynamic global fragrance company in the perfume & cosmetics industry, with a UK base in London and international ambition, with active business in around 70 markets. We are a small family-owned business, and we are proud to create, develop, and distribute brands from a fantastic portfolio of heritage classics to celebrity trend-led fragrances. We are brand owners and licensees for GHOST, JENNIFER LOPEZ, HAWAIIAN TROPIC, CERRUTI, PLAYBOY & JEAN LOUIS SCHERRER and proud to be distributors for ARIANA GRANDE, GUY LAROCHE, PILOMA PICASSO, AIGNER & GANT. Our employees make our business special. With strong family values, we believe that Designer Parfums is a more prosperous and fun place to work when people feel free to be themselves. We believe in the power of being authentic, Agile and Approachable while meeting our business goals. The role is working from the office 4 days a week and 1 day WFH JOB PURPOSE To assume responsibility for managing finished goods and component end-of-life through collaboration with internal cross-functional teams to achieve the goal of minimising negative P&L impacts. Liaising with Brand and Sales leaders to identify commercial opportunities for finished goods, components and point of sales materials. Managing activities from ideation through to the products being sold. Fostering strong internal relationships at all levels to ensure achievement of business targets and metrics. In parallel, the role plays a key part in developing and embedding best practice Product Lifecycle Management (PLM) processes to support ongoing control, governance and reporting of inventory ageing, obsolescence and write‑offs. KEY DUTIES AND RESPONSIBILITIES Inventory/Stock Aged & Life-Cycle Management Work with Brand Leadership, Sales and Commercial teams to identify alternative uses and recovery routes for obsolete or surplus stock, including: o Secondary and clearance sales channels o Export or alternative market opportunities o Promotional bundles, gift sets or composite products o One‑off or limited‑edition reworked SKUs Lead the monthly Aged/End-of-Life Stock Review meetings with the relevant business partners, ensuring clarity of status, actions, and reporting. Ensure the timely and successful creation of one-off product projects to utilise excess or obsolete components, creating saleable SKU if/where required. Manage the internal commercial team’s commitments to take/sell end-of-life and/or composite products, ensuring activities/projects are completed. Compliance, Quality & Regulatory Governance Partner with Procurement, Supply Chain, Quality and Regulatory teams to ensure that all proposed lifecycle solutions: o Comply with applicable legislation and regulatory requirements o Meet brand, quality and safety standards o Are suitable for the intended market and sales channel Ensure regulatory constraints (ingredients, labelling, batch coding, market authorisations) are fully assessed before execution. SAP Transactional Ownership & Execution Execute and manage all SAP transactions required to implement approved lifecycle outcomes, including: o Creation or amendment of Bills of Material (BOMs) for reworked or composite products o Raising and managing purchase orders where additional materials or services are required o Creation, release and tracking of production orders where rework or repacking is required Ensure stock movements, consumption and postings are accurate, auditable and aligned with finance requirements. Act as the SAP subject matter coordinator for lifecycle‑related inventory activity. Destruction, Write‑Off & Governance Identify inventory where no viable secondary or rework solution exists. Prepare clear, data‑led business cases for destruction or write‑off approval, including: o Stock quantities and values o Ageing and impairment exposure o Options considered and rationale for disposal Coordinate approved destruction activities with Warehouse, Finance and third‑party partners, ensuring full documentation and audit compliance. SKILLS Proactive approach to problem solving with a starter-finisher approach. Strong communication and relationship management skills across all levels of leadership. Proven track record of managing data related projects within a similar or global FMCG environment. Ability to analyse and interpret data to identify stock risk and sales opportunities. Analytical and reporting skills in Microsoft Excel, including the use of data management formulas such as Vlookup and Pivot tables. EDUCATION REQUIREMENTS Degree beneficial but not essential Experience of Supply Chain/Product Management in related industry – FMCG, Pharmaceutical.