PURPOSE OF POSITION
The Allocator will support the execution of the company’s financial plans (GMROI, sales, and margin) by reviewing store opportunities and strategically allocating product to drive business for select departments. Respond and collaborate with the merchant, planner and field organization to guarantee appropriate mix, depth, and breadth of inventory at an individual store level.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Assist with the inventory plan at the store level.
- Execute initial newness flows, replenishment, and transfers of products in order to maximize sales and optimize inventory. Achieve turn objectives at a department and/or division level
- Manage individual store inventory analyzing weeks on hand, weeks of supply, balance of ownership relative to deliveries and flow.
- Manage continuous flow of inventory through DC’s in collaboration with DC partners
- Conduct supply chain pipeline review and call out inventory flow challenges
- Review product performance at style and region/district/store level (Dept/season/store/category/style/size) in partnership with Planning.
- Pull reports and data for departmental use
- Attend weekly meetings with planning, allocation and merchant partners
- Provide feedback from stores relative to product that is underperforming or exceeding expectations.
- Ensure stores are clear on replenishment strategies, new flows, directive support etc.
- Manage allocations to support sales forecast, receipt flows, markdown strategies and future on order.
- Bachelor’s degree required
- At least 1 year experience in an Allocation, Inventory Management, or related role
- Store line sales or stock experience a plus
- Basic Math Skills; Intermediate Microsoft windows applications, specifically Excel
- Ability to present and recommend strategies and build a business case/develop a point of view
- Work collaboratively with cross functional teams
- Possess strategic analysis skills
- Adapt to a fast pace ever changing environment
Education & Formal Training
- Bachelor’s degree required.
- Ability to determine and shift priorities quickly.
- Ability to carry out detailed tasks and projects with minimal direction or supervision.
- Ability to take initiative to complete tasks and solve problems.
- Ability to work from the specific up through the conceptual level.
- Excellent oral and written communication skills.
- Strong interpersonal skills and ability to build positive working relationships.
- Work is generally performed within an office environment, which includes the use of standard office equipment.
- More than 30 hours a week is spent sitting in front of a computer.
- Ability to work in an interactive office