How to Become a Top Merchandise Planning and Allocation Executive
Step 1: Understand the job description and responsibilities of a Top Merchandise Planning and Allocation Executive
What does a Top Merchandise Planning and Allocation Executive do?
A Top Merchandise Planning and Allocation Executive oversees, plans, and directs all aspects of an organization's merchandise planning and inventory allocation policies and methods. Develops strategies and processes to maximize sales, turnover, and profitability. Being an Top Merchandise Planning and Allocation Executive utilizes forecasting data to lead a business review of the current season to determine future allocation and replenishment strategies. Provides buyers with data and insights to use to optimize purchase planning and stock ratios. Additionally, Top Merchandise Planning and Allocation Executive requires a bachelor's degree. Typically reports to top management. The Top Merchandise Planning and Allocation Executive manages a business unit, division, or corporate function with major organizational impact. Establishes/implements overall direction and strategic initiatives for the given major function or line of business. To be an Top Merchandise Planning and Allocation Executive typically requires 10+ years of progressive leadership experience. Has extensive knowledge of the overall departmental function.
Step 2: Learn best tips to become a Top Merchandise Planning and Allocation Executive
Best tips for those who want to become a Top Merchandise Planning and Allocation Executive
Here are some tips to become a Top Merchandise Planning and Allocation Executive.
Step 3: View best colleges and universities for Top Merchandise Planning and Allocation Executive
Best colleges and universities for Top Merchandise Planning and Allocation Executive
- College of the Atlantic
- Cleveland State University
Step 4: Think about whether is it worth to be a Top Merchandise Planning and Allocation Executive
Is being a Top Merchandise Planning and Allocation Executive Worth it?
- Balance workload through multiple process steps (including buy planning, pre-release forecasting and weekly re-forecasting)Plan Management - Allocation.
This individual will partner closely with Merchandising, Global Brand Planning and Marketing to develop and implement strategies to drive brand-strengthening and profitable growth and will be critical in helping to set the process and strategies for the newly formed DTC organization.
Advanced Excel skills a must • Experience with JDA Enterprise Planning or Arthur Planning • Comfortable conducting database queries and creating reports.
As a Planning & Allocation intern, you will get a feel about how allocating, assorting and analyzing sales trends and product flow by store, by helping to support the P&A team read, evaluate, forecast, and present findings about the product/retail business through gaining a basic understanding of each phase of the product distribution process.
The curriculum includes a weekly guest speaker series that provides you the chance to learn how our business and the departmental relationships function and allows you to network with top-level management and executives.
Step 5: Prepare relevant skills for being a Top Merchandise Planning and Allocation Executive
What skills do you need to be a Top Merchandise Planning and Allocation Executive?
In order to drive yourself and your team to success, in a management position you need to have a broad base of skills. For success in this position, you effeciency with these skills is key: Demand Forecasting, Distribution Management, Inventory Management, Merchandising, Replenishment and Ordering. For this role, you will need to be adept in with: Distribution Software. Although every company varies in their requirements, these competencies will help you in this role.
Step 6: View average salary for Top Merchandise Planning and Allocation Executive
How much does a Top Merchandise Planning and Allocation Executive make?
The average salary range for a Top Merchandise Planning and Allocation Executive is from $248,673 to $365,102. The salary will change depending on your location, job level, experience, education, and skills.
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Average salary for Top Merchandise Planning and Allocation Executive jobs
Step 7: Find relevant Top Merchandise Planning and Allocation Executive jobs, and apply.
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Here are some Top Merchandise Planning and Allocation Executive jobs in the United States.