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Allocation Analyst

2 weeks ago

Scarborough ON MB L, Canada Mastermind Toys Full time $45,000 - $52,000 per year

We're hiring Mastermind Toys is growing, and we want YOU to be part of our exciting journey With a commitment to exceptional customer experiences grounded in a strong employee-first approach, Mastermind Toys has spent over 40 years becoming Canada's largest specialty toy and children's bookstore. At Mastermind Toys, we believe that Play Comes First

We're looking for a dedicated Allocation Analyst to join at our Head Office location. This role is responsible for the execution and optimization of allocation and assortment strategies, ensuring the effective distribution of products across various channels. This role involves providing in-depth analysis and actionable recommendations to key stakeholders, supporting critical business functions such as product purchasing, inventory management, financial goals, pricing strategies, promotions, and pre/post-event evaluations. The Allocation Analyst will collaborate with cross-functional teams to drive best-in-class allocation, replenishment, planning, and distribution practices, contributing to the efficient and profitable management of inventory and product availability.

Why Come Join Our Team

  • Play to Win, Together
  • Embrace your Kid at Heart
  • Guidance that inspires. Growth that lasts
  • Create Space for All to Play
  • Think Bold, Act Fast
  • Be Curious about Why Kids Play

Teamwork & respect:

· Work effectively & cooperatively with others to achieve goals

· Establish & sustain positive working relationships; create community of mutual respect & spirit

· Build trust; values others; treats others with respect. Demonstrate integrity

Allocation & Replenishment:

· Responsible for driving profitable sales at store level and ecomm through analysis and allocation of goods

· Create weekly shipping strategies that will enable allocating products to the right stores at the right time by leveraging business tools to analyze sales trends, inventory optimization, store volumes, demographics, fixture capacity, square footage, etc.

· Tracks and interprets inventory levels to ensure they are achieving in-stock plans by monitoring store sales, inventory, inventory to sales ratio and visiting stores

· Effectively communicate expected store inventory flow to stakeholders, particularly purchasing, logistics and store operations

· Coordinate with stakeholders including purchasing, logistics, store operations and others to problem solve issues involving supply chain, inventory quantity and quality

· Visits stores and competition to analyze and develop strategic recommendations to implement with business partners

Planning, Analysis & Reporting:

· Analyze category or item data and provide recommendations to the Buyers to optimize store assortments in order to reduce inefficient distribution of inventory, increase store turns, improve GMROI, and reduce distribution costs

· Maintain and distribute key reporting to support the Buyers and other stakeholders, identify and communicate risks and opportunities, and any other ad hoc information

· Analyze allocation data inputs, and optimize in order to maximize sales & in-stock rates

· Understand and translate business goals and strategies, financial data and stakeholder inputs (including finance, marketing, store operations, logistics/allocation) to maintain best practice planning and analysis methodology

· Work in an advisory capacity fostering strong collaborative partnerships with buying team (and other stakeholders i.e. Finance & Marketing) in support of best practice buying processes using data driven decision making. Provide support to individual buyers in the evaluation, use/application of quantifiable historical and predictive data to achieve category, vendor, sku/unit goals

Other:

· Opportunity to accelerate our transformation by providing feedback and recommendations to streamline processes, routines and apply best practice measures to improve efficiencies

· Opportunity to work cross-functionally and get exposure to other areas of the organization outside of the merchandising group

· Responsible to support scheduled ad-hoc physical inventory counts across the chain

Mastermind Toys is committed to accommodating applicants with disabilities throughout the recruitment and selection process. Upon request, Mastermind Toys will, in consultation with the applicant determine the nature of any accommodation that may be required.

We sincerely thank all applicants for their interest in Mastermind Toys; however, only those selected for an interview will be contacted.

Job Types: Full-time, Permanent

Pay: $45,000.00-$52,000.00 per year

Benefits:

  • Casual dress
  • Company events
  • Dental care
  • Disability insurance
  • Employee assistance program
  • Extended health care
  • Life insurance
  • On-site parking
  • Paid time off
  • Store discount
  • Vision care
  • Wellness program

Ability to commute/relocate:

  • Scarborough, ON M1B 2L1: reliably commute or plan to relocate before starting work (preferred)

Work Location: In person