Michael Herrick
Transformative Leader with expertise in Multi-channel Planning, Allocation, Supply Chain, BI
- Role
- Director, Umd Stores at University of Minnesota Duluth
- Location
- Duluth, MN, US
- LinkedIn followers
- 500 followers
About Michael Herrick
Collaborative Executive Leader with a track record of driving sales and margin growth, while building world-class teams. Broad knowledge of all facets of retail, with extensive knowledge and expertise in multi-channel Planning and Allocation. An inventory management professional with strong financial discipline. PLANNING AND ALLOCATION: Collaborated across Merchandising, Digital, Marketing and Finance to drive multi-channel results. Implemented Merchandise Planning, Allocation and BI systems. Drove process improvements to align pre-season and in-season sales and inventory plans across online and store channels, and between the U.S. and Canada.INVENTORY MANAGEMENT: Drove significant reductions in inventory levels while achieving increased margin. Managed in-season Open-To-Buy and receipt flow to react to changing trends. Developed promotional and markdown strategies for liquidation of aged inventory. Implemented store level markdown optimization toolsets to optimize product margins and sell through. Incorporated size profiling to align size ownership to customer need.SUPPLY CHAIN: Collaborated with internal supply chain partners to optimize flow of product. Analyzed vendor chargebacks to resolve root-cause packing and shipping issues.LEADERSHIP: Strengths focused Mentor/Teacher that leads by example. Develops collaborative, results driven teams with a \"work hard, play hard\" approach to the job at hand.
Experience
Director, Umd Stores
University of Minnesota Duluth
May 2022 — Present · Duluth, MN, US
Education
University of Wisconsin-Whitewater
BBA, Management, Production Operations, History
1981 — 1985
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