Demand Planner and E-commerce Analyst

3 weeks ago

Chicago, Illinois, United States Local Eclectic Full time

About Local Eclectic

Local Eclectic is a 10 year old international e-commerce jewelry brand based in Chicago. We sell jewelry from emerging and independent jewelry designers from across the globe and have a handful of in house brands that we design and manufacture in house. We're a social first brand that has built an authentic community of brand loyalists. We are dedicated to providing a best in class customer experience and offering exceptional, unique and one of a kind products. We are passionate about creating and selling high quality jewelry that is accessible to everyone. At Local Eclectic, we believe that every piece of jewelry is a work of art, a symbol of personal expression, and a connection to something greater; jewelry tells our story. Our mission is to inspire creativity and empower women and this is woven into every aspect of our business.

Our brand has grown rapidly over the past few years, and we are looking for a creative, entrepreneurial, self-starter to join our team as the Junior Buyer and Analyst. We offer competitive benefits and a hybrid schedule. This role is based in Chicago and will report to the Director of Operations.

As a Demand Planner and e-commerce analyst, you will support all buying and inventory management activities, demand planning, pricing and margin analysis, general reporting and cross departmental data analysis.

Responsibilities:

  • Inventory Management / Buying:
    • Build and maintain relationships with manufacturers and design partners
    • Forecast, place orders and ensure timely delivery of products
    • Own the discontinue process, including identifying items close to the end of their life cycle and should not be reordered
    • Own inventory reporting
    • Weekly demand planning and reporting
    • Implement inventory strategies to optimize stock turnover and maintain optimal weeks of supply across all skus
  • Pricing and Margin Analysis:
    • Assist in setting competitive pricing strategies while maintaining healthy profit margins
    • Analyze overall sales and profitability on a daily, weekly, monthly, yearly and YOY basis
  • Reporting:
    • Prepare regular reports on sales performance, inventory levels, pre-defined KPIs and market trends to help improve all areas of the business
    • Proactively identify areas for improvement and make recommendations for adjustments to buying strategies based on data analysis
    • Provide analytical support and easily digestible reports to internal teams to help track performance at the product level and make recommendations for optimizations
    • Monitor competitors activities, pricing strategies and product offerings and assortment to identify opportunities for growth
  • Market and Data Analysis:
    • Conduct occasional market research and customer surveys to identify emerging trends, customer preferences, and consumer brand feedback
    • Analyze sales data and customer feedback to gain insights into product performance and make data-driven buying decisions
    • Analyze sales trends and historical data to identify trends, patterns and opportunities for improvement across all aspects of the business and our product assortment and inventory levels
    • Assist marketing team by building customer segmentation to help enhance marketing efforts
    • Assist marketing team by analyzing customer feedback and reviews to identify areas for improvement and customer satisfaction enhancements

Qualifications:

  • Bachelor's degree in Business, Marketing, Analytics, or a related field
  • 3-4 years of experience within this job function in a retail and/or e-commerce environment
  • Strong analytical mindset with proficiency in data analysis tools and techniques
  • Excellent communication skills to convey complex data insights to non-technical stakeholders
  • Self motivated with the ability to identify problems and solutions with minimal direction
  • Ability to manage multiple projects simultaneously and balance priorities independently
  • Detail-oriented and highly organized
  • Enthusiasm for the jewelry industry and a passion for delivering exceptional customer experiences
  • Knowledge of e-commerce platforms and digital marketing is a plus

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