Allocation Analyst

Are you a detail-oriented individual with strong analytical skills? Do you have a passion for retail and supply chain management? If so, we have an exciting opportunity for you as an Allocation Analyst at Forman Mills!As an Allocation Analyst, you will play a vital role in our company's success by ensuring that our stores are stocked with the right products at the right time. Your ability to analyze data and make strategic decisions will be crucial in maximizing our sales and profits.We are looking for a driven and organized individual who can thrive in a fast-paced and dynamic environment. The ideal candidate will have a Bachelor's degree in Business, Supply Chain Management, or a related field and at least 2 years of experience in allocation or inventory management.If you are a problem solver with excellent communication skills and a strong attention to detail, we want to hear from you! Join our team at Forman Mills and take the next step in your career as an Allocation Analyst.

1. Analyze sales data and inventory levels to determine the most effective product allocation for each store.
2. Develop and maintain allocation plans and strategies to ensure stores are properly stocked with merchandise.
3. Collaborate with buying and planning teams to understand product trends and make informed allocation decisions.
4. Monitor and adjust allocation plans based on sales performance, inventory levels, and market trends.
5. Utilize analytical tools and systems to gather and analyze data, providing insights and recommendations to optimize product allocation.
6. Communicate with vendors and distribution centers to ensure timely delivery of products to stores.
7. Identify and troubleshoot any inventory or allocation issues, working with cross-functional teams to find solutions.
8. Conduct regular store visits to assess product availability and identify areas for improvement.
9. Monitor and report on key performance indicators related to product allocation, such as sales, inventory turnover, and in-stock levels.
10. Stay up-to-date on industry trends and best practices in allocation and inventory management to continuously improve processes and strategies.
11. Train and mentor junior allocation analysts to ensure consistency and accuracy in allocation processes.
12. Collaborate with store managers to understand store needs and provide support in addressing product allocation challenges.
13. Develop and maintain strong relationships with internal teams, vendors, and distribution centers to ensure smooth and efficient allocation processes.
14. Continuously evaluate and improve allocation processes and systems to increase efficiency and accuracy.
15. Adhere to company policies and procedures, and ensure compliance with all relevant regulations and laws.

According to JobzMall, the average salary range for a Allocation Analyst in Pennsauken Township, NJ, USA is $50,000-$70,000 per year. This may vary depending on factors such as the specific industry, company size, and level of experience.

Forman Mills, Inc. is a Pennsauken, New Jersey-based retail chain and department store with 44 stores. They also operate a store at the Iverson Mall in Hillcrest Heights, Maryland. The chain is known for their low-priced clothing such as shirts, pants, shorts, capri pants, and hats.