The Retail Allocation team acts as a trusted advisor to the Regional Planners to support the end-to-end strategy execution to the store / door level.
They are responsible for executing product allocations to the store / door level. This role is to support the Snr Allocator / Asst.
Manager to validate and rationalize high level allocation plan based on bottoms-up sku / store level analysis.
Key Results :
Store-level Inventory Management Performance
Supply Chain Performance
Core product out-of-stock rate, Store capacity fill rate and store inventory turn, monthly newness on-time delivery rate
Key Responsibilities :
Use inputs from sizing team, historical performance & qualitative feedback from retail ops to update allocation parameters and derive size curve by product / store in order to optimize store / door sell through
Develop accurate inventory flow forecasts that support business strategies
Execute allocation strategies to optimize inventory, including new store assortments and replenishments
Rebalance store and DC inventory coverage to capture sales opportunity
Recommend and execute exception management and size balancing activities to ensure customer demands are met
Conduct quantitative analysis and insights to optimize inventory deployment monetize new opportunities and identify risks
Collaborate with Merchant Planners to develop store and product segmentation for the season, based on sales potential, store size and consumer profile
Identify seasonal eligibility for store / product
Review size profile, eligibility and optimal allocation depth with cross functional team, and highlight if there are any challenges on the assortment width & depth which impact sell thru performance and store capacity
Validate initial flow plan against marketing plan, holiday schedule and product availability in DC, highlight issues to MP / IM / Commercial.
Develop parameters (target WOC & model stock) for new items and / or new stores
Recommend and execute store-to-store inventory rebalancing activity to optimize inventory for fast turning products / store providing DC inventory is under constraint.
Preparing reports and analyzing reports, provide timely & accurate order information to senior allocator during cross-functional sales / alignment meeting.
Consolidate store requests and provide timely response to queries from retail operation
Review and release initial allocation and communicate to Order Management & Retail team
Identify business trends at store & product to identify weekly allocation priorities via product, store & in-stock reporting
Manage product and store attributes / parameters as per business trends
Review and release seasonal and core replenishment orders
Execute and communicate store to store transfers / returns
End of product life management to ensure all inventory is seasonally relevant in trade
Participate in affiliate weekly operation meeting to proactively highlight issues to get resolution
Conduct Allocation Connect meeting with retail ops team to share allocation plan and receive store inputs
Collaborate with Category Planners to efficiently utilize DC inventory to support the corresponding channel needs.
Collaborate with Order Management / Distribution / Logistics to plan out operation activities considering of holidays / capacity / manpower constraints
Store Capacity Report
Core Out of Store Report (OOS)
Seasonal floorset launch tracker
Weekly Allocation Connect Meeting Minutes
Hind-sighting store performance
Hind-sight end of season performance
Bachelor’s degree (or equivalent work experience)
5-7 years of experience (preferably in a retail environment, with relevant experiences in merchandising, planning & allocation)
Technical proficiency with computer software tools and the ability to learn new ones quickly (Microsoft Word, Excel, Power Point, Access)
Experiences in SAP, BI, SAS is preferred
Strong analytical / problem solving capabilities including the ability to quickly identify and communicate implications from consumer, internal and marketplace information
Ability to handle multiple tasks and projects simultaneously
Excellent written and verbal communication skills
Strong listening and interpersonal skills
Fluent in English (written & spoken)