Allocation Analyst

Five Below•Philadelphia, PA

About The Position

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in. It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Requirements

Minimum of 1-2 years of experience in inventory management
Effective cross-functional collaboration and communication skills
Ability to analyze data and provide actionable feedback. A strong problem-solving skillset
Capable of prioritizing workload in a fast paced and dynamic environment
Sense of urgency and excitement to be a part of a high-growth retail environment
Advanced Microsoft Excel skills and ability to learn systems quickly.

Nice To Haves

Power BI or Tableau experience a bonus

Responsibilities

Oversee businesses with 500-1,000 SKUs, driving up to $200M annually
Partner with cross-functional teams to gather insights, analyze historical data to accurately forecast demand for various products
Utilize inventory management systems and tools to review demand forecasts and manage inventory optimization
Review key inventory reporting, highlighting key performance metrics and making data-driven recommendations for inventory improvements
Identifying opportunities and risks, recognizing trends by product category and attribute at the individual store and store group level
Set appropriate stock levels for each product category at the correct allocatable level to minimize overstock and understock situations to ensure optimal inventory turn.
Partner with manager to develop replenishment plans for each product category and SKU, considering lead times, order quantities, and reorder points
Analyze actual sales results compared to plan, re-working future flow plans as needed
Regularly analyze sales performance to identify slow-moving items to assist making decisions such as discontinuations or clearance
Control optimal multi-warehouse inventory levels
Generate reporting on inventory performance and work with your manager to recommend strategy adjustments as needed
Partner with Data Science team to help transform manual data sets into dynamic Power BI dashboards that fuel analysis and deliberate changes
Work cross functionally to develop a story from large data sets to create an action plan accordingly
Cross-collaborate closely with (but not limited to) Buying, Planning, Visual Merchandising and Supply Chain to ensure effective communication and coordination
Communicate inventory positions for designated product categories to your manager
Support a collaborative, innovative, and results-oriented environment with a cross-functional team focused on driving sales and optimal store presentation levels