Inventory Allocation Specialist

2 weeks ago


Los Angeles, California, United States Guess Full time

Job Overview

POSITION TITLE:
Allocation Analyst

POSITION OBJECTIVE:

The Allocation Analyst plays a crucial role in overseeing and enhancing in-store inventory to boost sales, profitability, and overall store effectiveness for the organization by developing and implementing efficient allocation strategies.

This position requires strong collaboration with various cross-functional teams to achieve optimal results.

KEY RESPONSIBILITIES:

1. Formulate, distribute, and oversee initial assortment and unit plans for new and remodeled stores to ensure adequate stock levels upon opening.

2. Strategically plan and allocate monthly floor set initial distributions using Store/Product Volume Ranking Indexes and Allocation Plan assessments.

3. Manage weekly fashion replenishment based on comprehensive analysis of store performance, market trends, product effectiveness, and promotional activities.

4. Oversee basic replenishment processes utilizing models and stock balancing techniques to maintain optimal in-stock positions across stores.

5. Collaborate closely with Merchants and Planners to execute allocation strategies, ensuring alignment with retail initiatives such as visual merchandising, product offerings, marketing campaigns, and promotions.

6. Analyze and adjust size profiles by store and product category to inform both initial and replenishment allocations.

7. Provide insightful ad-hoc analyses and recommendations to influence buying plans and assortment strategies.

8. Develop a comprehensive understanding of performance metrics at the store, district, and regional levels, identifying variances, trends, and attributes through detailed data analysis and communication with field teams.


EDUCATIONAL REQUIREMENTS:
Bachelor's Degree

EXPERIENCE REQUIREMENTS:
0-2 Years

Fair Chance Initiative for Hiring Ordinance

For more information, please refer to the appropriate resources.

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Base salary will be determined based on various factors, including market data, internal equity, relevant background, and experience for the specified role.

Employees are eligible for benefits such as medical, dental, vision, life insurance, 401k, tuition reimbursement, paid time off, on-site fitness facilities, employee discounts, and more.

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