Merchandise Allocation Specialist
2 weeks ago
The successful candidate will work closely with the team to achieve the best allocation and replenishment plan for the Retail business. This involves building strong relationships with the SCM team and the retail team through consistent and pertinent communication.
Key Responsibilities:Planning:- Develop, align, and implement weekly, monthly, and yearly merchandise demand plans to achieve sales and inventory targets, as well as weeks coverage to maximize product usage.
- Drive replenishment planning forecasts to maximize business opportunities and manage the workflow downstream with stakeholders.
- Collaborate with the planning team to align inventory demand forecasts based on inventory and sales targets.
- Define business opportunities through markdowns, promotions, and manage stock on hand at store level.
- Support the manager in managing the whole allocation cycle from creating sales orders, collaborating with the SCM team on schedule and releasing products, to driving business results and liquidation plans.
- Participate in building the allocation strategy in both new buy and excess inventory through automatic replenishment systems and parameters setting to manage store capacity and product productivities.
- Manage weekly, monthly, and quarterly reporting and drive action plans proactively from promotion, markdowns, inventories, sales, and week covers prospective under brands, product types, seasonality's aspect.
- Collaborate with operation and SCM teams on product delivery, including scheduling and capacity management in both warehouse and stores.
- Able to understand Retail KPIs and targets, growth strategies, related policies, and processes.
- Monitor data compliance, identify issues, and propose solutions.
- Proactively work with stakeholders to drive best practices.
- Concurrently review processes and necessary enhancements to support the growth of the business in terms of qualitative deliverables in the factory outlet team.
OMB Planning, Inline Buying, Operations, SCM, VM, Marketing, etc.
Knowledge, Skills, and Abilities:- Good communication skills.
- Strong analytical and problem-solving skills.
- Learning and self-development.
- Results-oriented.
- Products and merchandising knowledge.
- University advanced degree.
- 3-5 years' experience in allocation or planning experience with recognized retail brands (fashion or FMCG).
- Prefer good Excel skills and ability to develop useful models/tools.
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