Develop, execute, and communicate allocation strategies to optimize inventory levels and maximize sales by store.
Execute and communicate the release of initial product assortment through end of life cycle of merchandise including in-season replenishment to stores and consolidation of goods to other stores or channels.
Manage overall store inventory levels based on store capacity, attributes, seasonality and selling curves.
Identify and communicate sales opportunities and stock liabilities by door on a regular basis. Ensure that buy quantities and stock levels meet current sales trends and maximize readiness for key selling time periods.
Collaborate with cross-functional team on new seasonal deliveries, key items & replenishment styles to drive sales through inventory requirements to ensure in optimal stock position.
Update and monitor inventory levels at the style/color/size level, by analyzing current trend to align with the merchandising strategies.
Recap business at by door level and create best seller/hindsight reports on a weekly, monthly and quarterly basis to allow for thorough analysis of the business. Communicate and champion needs of the stores.
Create and implement store-attribute performance models through analysis and store communication.
Manage communication regarding inventory/replenishment with field contacts, as needed.
Analyze store geographic, size selling, and create appropriate distribution strategies to optimize inventory levels.
Develop, execute, and communicate transfers and consolidations by store.
Track in bound merchandise receipts for assigned departments.
Determine adequate inventory levels at entrance and exit of season to maximize profitability by store.
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