Retail Planning
3 days ago
Retail Planning & Allocation Analyst
The work schedule will be hybrid, three days a week in the office and two days remote.
This pivotal role leads the execution of item level analysis, planning & replenishment strategies across the firms Retail business. This individual will determine how to most effectively secure and utilize our inventory to ensure we delight our guests through availability and deliver our financial objectives. This individual provides a business-critical role for the firms Retail and will be a significant contributor in the company's success.
Key Responsibilities:
Drive the financial success of multiple departments (within the Apparel Division) through the creation and execution of effective replenishment strategies that align with sales, margin and inventory goals.
Support the retail channel by analyzing merchandise assortments and promotional activity and replenishing inventory to meet with consumer demands and market trends.
Analyze historical and current sales trend data to develop Apparel item level ladder plans and identify opportunities by location/region, department, and SKU.
Effectively manage in-season replenishment needs to ensure flawless availability at the store level.
Work with Category Planning Manager to align on order and shipment forecast to reconcile.
Draft and recommend purchase orders for items to proactively manage store inventory levels, business needs and vendor constraints.
Communicate regional and store level sales performance, inventory productivity and action plans in weekly business review meetings.
In partnership with the Vendor Liaison, provide visibility to inbound inventory issues, and work collaboratively with the Planning and Merchant teams to offset potential sales risks.
Partner with Category Planning Manager to ensure core businesses are in stock to meet and/or exceed sales plan.
Partner with Allocation Analysts to communicate and align on item level replenishment plans/timing, in an effort to mitigate out of stock risks.
Challenge and seek to improve existing Forecasting, Replenishment and Allocation processes to continually improve our processes.
Context & Scope:
The Planning & Allocation Analyst utilizes a series of data to analyze business trends, review performance of item level sales at the store level, and determine order quantities to maximize sales, margin, and inventory in their respective categories. They work collaboratively with their Merchant partners to execute the vision of the line plan, and to ensure we purchase the right amount of merchandise to support the business. They work closely with their respective Category Planning Manager to ensure their purchasing decisions fit within the financial targets, and that they are ordering the right amount of inventory to support the right product mix.
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