Allocation Analyst

Hibbett

3d•Onsite

About The Position

The Analyst, Allocation is responsible for allocating the right amount of product to the right stores at the right time to influence and increase sales and customer satisfaction. Collaborates with business partners throughout the Merchandising department to determine product placement for stores. Aligns products with assortment needs based on purchase orders, product amounts and flow from the warehouse, and transfer products as needed. Utilize sales, demographic, and market data and trends to determine allocation needs as well as store inventory levels and product content and assortment.

Requirements

High school diploma.
Bachelor's degree in Merchandising or a related field or equivalent experience preferred.
2 - 4 years of related experience.
Strong communication and analytical skills, ability to make decisions based on trends and data.
Must possess strategic thinking skills, a good attitude, and a good work ethic.

Responsibilities

Monitors products adjusting allocation as necessary based on sales and customer data.
Ensures that stores have enough product, monitor sales.
Allocates new products to stores, determine how much product needs to go to what stores and at what time to maximize selling a profitability.
Works with the assortment planners to allocate floor sets based on store grades and width and depth plans bought by the buyers.
Manages and monitors the inventory at the warehouse paying close attention to product details including sizes and colors in order to keep abreast of store's/customer demand.
Pushes out existing inventory from the warehouse to the right stores.
Transfer products from one store to another based on data and trends.
Ensures new stores are opened at the planned inventory levels and maintain an acceptable product mix from store opening through first year.
Build new stores with inventory based on sales, market, and demographic data to ensure profitability.
Collects data and information about products.
Works with the buying team to split purchase orders for fulfillment.
Communicates with other Allocators to perfect best practices.
Creates and analyzes reports to make allocation decisions.
Utilizes customer and sales data to determine needs of stores such as inventory levels, and market trends.
Responds to District Manager and operations feedback and requests regarding quantities and assortments.
Participates in End of Month and End of Quarter meetings and provide category specific analysis and recommendations.
Periodically travels to store locations to review product mix, obtain feedback, and analyze market competition and trends.
Ensures outfits and complementary products are coordinated at the store level.
Find opportunities for store growth through inventory.
Calculates performance metrics per store per item.
Manages and balance store inventory levels for existing stores and new store openings.
Collaborates with buyers and planners to help execute the merchandising vision, while adding to that vision with inventory management knowledge and tools.
Ensuring the merchandising vision is adequately represented at stores.
Utilizes programs like BY, MMS, and BI to allocate products in a timely manner to review current product performance and ensure smooth operations, and customer service.
Handles any inventory management issues at the store level, including mis-ships, improper system information, and Return to Vendors.
Ensures product levels in each store stay consistent to the allocation plan and are distributed accordingly to optimize sales and store success for each store type, adjusting the plan as needed based on customer and sales data.
Protects the company's assets and financial information by ensuring the accuracy and effectiveness of internal control procedures and informing management and/or appropriate officials of potential fraud risk.
Consolidation of inventory and product transfers, and determine if stores are selling or not selling and how to move forward.
Analyzes store needs for different product category, percentages change due to month, initial floor sets, making sure assortment that is laid out arrives intact so that strategy from buy is executed.