What are the responsibilities and job description for the Inventory Optimization Specialist position at WSS / Foot Locker?
Job Description
The Allocator plays a vital role in driving individual store performance by style, subclass, and brand for a given category of business. This is achieved by initiating strategic allocations and consistently analyzing the business based on trend to meet financial objectives.
This highly collaborative role works closely with Buying, Planning, and Store Operations to provide actionable and timely information to continually maximize sales and alleviate risk based upon managing to key metrics.
- Partner with Buyer to execute initial merchandise allocation plans incorporating seasonal strategies, analysis of sales and market trends, store inventory levels, demographics, store capacity, sell-through rates, buying quantities, and product content.
- Manage stock levels by brand and subclass on a weekly basis using the Target Capacity Report. This position is responsible for creating and communicating action plans to maintain target capacities.
- Provide proactive and insightful analysis of store performance at the category, brand, and item level. Communicate issues and recommend potential solutions to include, but not limited to: store rankings, seasonality, and peak selling periods that require adjustments to metrics, knowledge of future on orders, and hindsight reviews of key selling periods.
The Allocator must consider square footage, climate, volume, and other unique attributes when analyzing stores with the intent to maximize their financial performance.