Buying & Allocation Analyst

3 weeks ago

Vancouver, Canada Park & Fifth Full time

Job Description

(a) Data Analysis:

· Analyse historical sales data, inventory levels, and market trends to forecast future demand accurately.

· Utilize statistical methods and forecasting techniques to predict product demand across different locations and channels.

· Monitor inventory levels and identify potential stockouts or excess inventory and execute pulling back of inventory.

(b) Allocation Planning:

· Develop allocation strategies based on demand forecasts, inventory levels, and sales targets.

· Determine optimal inventory distribution to different locations or channels to meet customer demand while minizine shipping costs and excess inventory.

· Collaborate with product management to ensure timely replenishment of inventory based on allocation plans.

· Work with visual merchandising to ensure the mix of products meets merchandising plans.

(c) Inventory Optimization:

· Develop inventory replenishment strategies to maintain optimal stock levels across studio locations and distribution center.

· Determine appropriate inventory levels for each SKU based on lead times, sales velocity, seasonality, and studio capacity.

· Execute studio pullbacks to ensure the right mix of product for sales and visual merchandising strategy.

(d) Inventory Planning and Control:

· Generate inventory plans and replenishment schedules to support sales targets and studio capacity.

· Monitor inventory levels, aging stock, and stockouts to identify potential risks and opportunities for improvement.

· Analyse inventory turnover, pullback cost and other key performance indicators to optimize inventory investment and reduce obsolescence.

(e) Buying and product management:

· Perform the administrative functions supporting the buying team, including purchase order management, while building foundational merchant skills.

· Develop and demonstrate product knowledge through sharing information with Buyer as a result of competitive shopping and analyzing the P&F stores and assortments.

· Ensure timely delivery of merchandise through communication with the buying team and external vendors.

· Support Buyers in preparation of key business meetings (i.e. vendor appointments, product go to market meetings, assortment planning)

· Provide basic analysis of key business data and reporting, including the monitoring of merchandise reports, Open-To-Buy, stock analysis and other ad hoc reports.

· Effectively utilize the internal software systems including Shopify platform and Apps, as well as Apparel Magic ERP and PLM software.


(f) Collaboration and Communication:

· Coordinate with cross-functional teams, including sales, marketing, operations, and finance to align inventory plans with business objectives.

· Communicate inventory forecasts, allocation plans, and inventory status updates to stakeholder to ensure alignment and facilitate decision-making.

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