Allocator
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New
Job summary
To assist the brand analyst/buyer in executing strategies that will determine what product to buy according to customers’ preference and analyse all selling reports on a weekly, monthly and yearly basis to forecast and recommend purchase quantities.
Min Qualification:
Degree
Experience Level:
Mid level
Experience Length:
3 years
Job descriptions & requirements
Responsibilities:
Inventory Management:
- Oversee inventory levels, replenishments and stock transfers based on analysis and store feedback
- . Assist the senior buyer to allocate inventory to stores
Demand Forecasting:
- Analyse sales data, market trends, and consumer behaviour to predict future demand for products.
Assortment Planning:
- Assist the senior buyer to develop seasonal merchandise plans aligned with the brand’s overall strategy.
- Oversee replenishments, initiate stock transfer requests between stores
- Liaise with store managers to monitor stock transfers and inventory levels.
Budgeting and Financial Planning:
- Assist the buying manager and buyers in budgeting for inventory purchases and managing financial performance to meet profitability goals.
Sales Analysis:
- Regularly review sales performance
- Identify sales trends, and adjust plans accordingly to optimise sales and profitability.
Collaboration:
- Work closely with various departments, including finance, marketing, operations, etc., to align inventory levels with overall business strategy and market demand.
Markdown Management:
- Determine when and how much to mark down products to clear out inventory and make room for new collections.
- Balancing profitability with the need to move stock
Requirements:
- A minimum of a degree in a related field.
- A minimum of 3 years of experience.
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