Inventory Analyst - Hybrid

Belk•Charlotte, NC

13d•Hybrid

About The Position

The Inventory Management Analyst is the store expert, responsible for optimizing inventory by store to create the most profitable assortment at the store level. They are responsible for initial allocations as well as re-flow orders and optimizing replenishment by store. Analysts work closely with Merchandising and Planning partners to identify and react to business needs to drive the profitability of the office. This position requires a passion for finding small wins at the location level and translating them into larger wins that drive the profitability and productivity of the entire company. Essential Functions: Support the process and communication of allocations for assigned FOB on a consistent and ongoing basis Execute all associated allocations for initial buy, delayed allocation and re-flow orders for stores and eCommerce. Analyze current sales trend, inventory levels and past selling history to develop distribution strategies, execute allocations and determine vendor entrance or exit to achieve optimal inventory levels by store. Analyze location sales and highlight inventory successes and opportunities Create the guidelines for minimums and maximums of units on hand in each store Optimize number & size distribution of case packs to maximize sales and margin Perform allocation effectiveness hind sighting to improve allocations & drive future profitability; shares findings and recommendations with Buying and Planning partners Take on the challenge of optimizing allocations in complex and fast-paced areas Develop and share new techniques for optimizing inventory at the store level. Develop SOPs and best practices with Allocation System (Blue Yonder, Formally JDA) Requires designated hybrid in-office work schedule

Requirements

Bachelor's degree and/or equivalent years of experience required
Demonstrated proficiency using Microsoft Windows Operating System and Microsoft Office Suite
Ability to analyze data from multiple sources to identify trends & risks, resolve issues, and recognize opportunities
Demonstrates initiative in exposing and resolving risks and opportunities
Demonstrates intermediate-level proficiency using retail merchandising systems & tools to drive business results
Demonstrates intermediate-level proficiency using Oracle systems & tools (e.g. SAS, RMS, APX) to drive business results
Ability to effectively communicate with internal and external partners (vendors) to proactively address business needs
Strong background in data analysis
Strong Excel skills (including pivot tables, lookups, If Statements)
Strong problem-solving and analytical skills; strong aptitude with numbers
A mindset that can quickly adapt to new thought processes and is constantly looking for a better way to do the job
Aggressive in pursuing opportunities and driving allocation excellence
Innate curiosity, constantly looking internally and externally for better ways to do the job
Ability to manage time and workload effectively with flexibility to shift focus/priorities at a moment's notice
Excellent written and verbal communication skills
Knowledge of retail math

Nice To Haves

Specific degree: Business, Finance, Accounting and or Retail preferred
Prior Finance and or/ Retail Experience preferred

Responsibilities

Support the process and communication of allocations for assigned FOB on a consistent and ongoing basis
Execute all associated allocations for initial buy, delayed allocation and re-flow orders for stores and eCommerce.
Analyze current sales trend, inventory levels and past selling history to develop distribution strategies, execute allocations and determine vendor entrance or exit to achieve optimal inventory levels by store.
Analyze location sales and highlight inventory successes and opportunities
Create the guidelines for minimums and maximums of units on hand in each store
Optimize number & size distribution of case packs to maximize sales and margin
Perform allocation effectiveness hind sighting to improve allocations & drive future profitability; shares findings and recommendations with Buying and Planning partners
Take on the challenge of optimizing allocations in complex and fast-paced areas
Develop and share new techniques for optimizing inventory at the store level.
Develop SOPs and best practices with Allocation System (Blue Yonder, Formally JDA)