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Inventory Allocation Specialist

2 months ago

Anoka, Minnesota, United States THE PAPER STORE Full time
Job Overview

The Paper Store is dedicated to being the leading destination for all our customers' gift-giving requirements. Our goal is to share our enthusiasm for The Paper Store with every customer during each visit, by exceeding their expectations in both selection and service.

The Inventory Allocation Specialist plays a crucial role in overseeing store inventory by analyzing forecasts and customer demand to ensure optimal product assortment while maintaining profitable inventory levels across the entire chain. This position requires strong collaboration with buying and planning teams to develop, maintain, analyze, and implement chain-level item plans and allocation strategies for both new and existing products.

The Inventory Allocation Specialist will report directly to the Allocation Manager.

KEY COMPETENCIES:

  • Accountability: Exhibits a strong sense of corporate responsibility. Takes personal ownership and accountability for the quality and timeliness of work. Ensures that actions align with words.
  • Communication: Delivers information with clarity and consistency; employs active listening to effectively understand and provide feedback. Adjusts communication style to engage the audience and enhance understanding.
  • Creativity and Initiative: Proactively identifies opportunities and implements innovative solutions. Encourages creativity and continuous improvement.
  • Professionalism: Maintains a positive and professional demeanor even in changing or uncertain conditions. Collaborates effectively with a diverse range of individuals to provide support and direction. Inspires others to achieve organizational and departmental objectives.
  • Personal Development: Demonstrates self-awareness, high energy, persistence, and a positive outlook. Continuously seeks opportunities for improvement and learns from experiences and constructive feedback.

PRIMARY RESPONSIBILITIES:

  • Act as a brand ambassador for The Paper Store.
  • Oversee the daily execution of initial and replenishment allocations by store to maximize sales, margin, and inventory turnover, ensuring strong in-stock levels across assortments.
  • Analyze e-commerce and store forecasts to determine consistency with each location's sales potential.
  • Ensure the timely flow of orders throughout the company, from product allocation to receipt of goods in the warehouse, through the distribution center, and onto store shelves.
  • Collaborate closely with Planners and Buyers to define allocation strategies, assortment plans, and initial inventory levels. Maintain regular communication regarding all matters related to replenishment and inventory allocation.
  • Work with warehouse staff to resolve any order issues and maintain case pack data for efficient product processing across the chain.
  • Develop and monitor store opening assortments and unit plans for both new and remodeled stores to ensure adequate opening stock levels.
  • Gain a comprehensive understanding of store, district, and regional performance, variances, trends, and attributes through extensive data analysis and communication with the field, applying insights to allocation strategies.
  • Validate presentation minimums to ensure sufficient inventory is available to support planned events, promotions, catalog efforts, specific store needs, and floor placements.
  • Recap and report on location and product selling performance using various custom reporting systems.
  • Provide recommendations to the Director of Allocation for ongoing improvements related to forecasts, replenishment, and inventory turnover.
  • Engage in continuous training regarding technological advancements and process enhancements.
  • Collaborate with peers to share best practices and maximize system knowledge.
  • Perform additional inventory management tasks as required.

JOB REQUIREMENTS:

  • Bachelor's degree.
  • 2-4 years of relevant retail experience.
  • Strong analytical and quantitative skills.
  • Proficient in Excel.
  • Familiarity with MicroStrategy reporting is a plus.
  • Possess a positive, collaborative interpersonal style and a growth mindset.
  • Excellent listening and communication abilities.
  • Capability to effectively multitask, prioritize, and adapt to a fast-paced, dynamic business environment.
  • Professional presentation in attire, demeanor, and appearance.

The Paper Store is an equal-opportunity employer and considers all qualified applicants for employment without regard to race, color, national origin, religion, sex, disability, age, veteran status, or any other classification protected by state, local, or federal law.