The Merchandise Replenishment Analyst will manage retail inventory flow and monitor the performance of assigned group of stores to ensure inventory levels, product mix, and quantities are appropriate to maximize store productivity and achieve overall company's financial objectives.The Analyst will conduct quantitative analysis to make independent decisions in accordance with the company's financial plans, store attributes, and inventory productivity objectives. The position will manage replenishment to stores by executing standard replenishment processes for all SKU's.The Merchandise Replenishment Analyst will work to improve store in stock by reviewing store demand to optimize store orders that contribute to overall in stock levels with an appropriate balance of inventory that is both acceptable to our customers' experience while assisting in maximizing inventory profitability.This position will also maintain an open line of collaboration and communication with the cross-functional teams and stores alike regarding inventory needs and strategies to drive sales and overall support of smooth departmental processes.Duties And Responsibilities
- Responsible for the daily analysis and execution of the allocation process for all business channels.
- Review forecasts, sales trends, and advertising strategies to manage flow to achieve appropriate store inventory position.
- Identify optimal safety stock levels for all item-store combinations.
- Monitor and manage store forecasts to eliminate forecast error.
- Determine strategy and execute on key In Store Events and special flows.
- Work collaboratively with stores to improve forecasts and inventory positions considering each store's unique situation and constraints.
- Develop scorecards, dashboards, and exception reports to pinpoint opportunities for improvement in the allocation of product.
- Collaborate with department members to provide insight to help maintain the appropriate DC Safety Stock level for all items.
- Provide allocation strategies to cross-functional department to assist in all new items or special allocation needs as requested.
- Analyze and make recommendations on improved ship units and pack sizes.
- Act as SME for the team as it relates to the Inventory Planning System.
- Additional duties as assigned by manager.
Scope- Staff supervision and development: No.
- Decision making: Drafts policy documents and resolves problems.
- Travel: Up to 5%.
- Flex Designation: Anywhere.
Requirements Education And ExperienceEducation Requirements
- Bachelor's Degree preferred.
Years of Experience
- 2 -3 years Inventory, Purchasing or retail management experience preferred. Experience using Relex planning system preferred.
Skills- Strong analytical skills.
- Strong understanding of retail inventory management and forecasting.
- Proven track record as a decision maker.
- Teamwork and Leadership skills.
- Excellent oral and written communication skills.
- Manage and prioritize workload to meet deadlines.
- Proficient in Microsoft Applications.
Physical RequirementsGeneral office environment requiring ability to:
- Stand, walk, sit for extended periods of time.
- Speak and listen to others in person and over the phone and video conferencing.
- Use keyboard and read from computer screen and reports.
- The ability to lift up to 15 lbs.
Safety- Must be able to perform this job safely in accordance with standard operating procedures and good manufacturing practices, without endangering the health or safety of self or others.
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