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 a 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 departmental function within a broader corporate function. Develops major goals to support broad functional objectives. Approves policies developed within various sub-functions and departments. To be a Top Merchandise Planning and Allocation Executive typically requires 8+ years of managerial experience. Comprehensive knowledge of the overall departmental function. (Copyright 2024 Salary.com)
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Job Summary
The Merchandise Assortment Planning Portfolio Manager serves as Merchandise Category Management and Product Line Review (PLR)/Business Review (BR) subject matter expert accountable for$10B in sales. Manager will be responsible for PLR/BR workload management and successful Planner guidance & leadership through optimal best in class Assortment Planning practices. Focuses on effective implementation of Role of Category through product assortments, item selection including brand & vendor performance to drive optimal assortment decisions and localization opportunities. Provides insights and guidance for overall category advisement for the core merchandising team. The Manager will be responsible to ensure the assortment lifecycle development and necessary activities are achieving optimal productivity improvements through product line reviews (PLRs) and business reviews (BR). The Manager is responsible for actively participating in day to day PLR & BR activities when necessary, providing guidance and coaching for planners within area of responsibility through end to end product group life cycle planning process from the initial assortment kickoff through final sign off including final stocking execution. Actively driving to deliver value added application of core strategies (e.g role/intent of the category), partnering and synthesizing cross-functional team assortment recommendations (e.g. Finance, Supply Chain, Pricing, etc) and Assortment localization opportunities. The Merchandise Assortment Portfolio Manager will be responsible for ensuring the team is delivering on the expectations of our merchants, customers and shareholders, by owning and delivering on the following deliverables; Product Line Review and Business Review process owner Category Management insights, white space opportunities and analytical insights Analyzing and recommending localized assortment opportunities within the Assortment Optimization solution The Manager will assume accountability for direct ownership for their area of responsibility through the entire PLR process deliverables & success metrics. Will also help foster & own cross functional alignment to core strategies, productivity improvement opportunities, category management insights through effective merchandise assortment decisions.
Key Responsibilities
Required Qualifications
5 years comparable experience
5 years experience with assortment and/or merchandising planning (e.g. categories, products, processes, etc.)
3 years experience executing on project plans in a cross-functional environment
Experience working for a large retail organization, preferably in Merchandising Buying, Merchandise Planning, or Assortment Planning
Preferred Qualifications
Bachelor's Degree Business, Retail Management, Finance or related field
AND
5 years of experience in Merchandise Buying, Merchandise Financial Planning and/or Assortment Planning related work experience
5 years experience working in a retail environment
3 years Experience with retail assortment store clustering
3 years Experience with Assortment Planning Software (e.g. SAS, JDA, Oracle, etc)
Strong Business Acumen with an understanding of how assortment planning can influence results of various functions across the organization
About Lowe’s
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customer transactions a week in the United States. With total fiscal year 2023 sales of more than $86 billion, Lowe’s operates over 1,700 home improvement stores and employs approximately 300,000 associates. Based in Mooresville, N.C., Lowe’s supports the communities it serves through programs focused on creating safe, affordable housing and helping to develop the next generation of skilled trade experts. For more information, visit Lowes.com.
Lowe’s is an equal opportunity employer and administers all personnel practices without regard to race, color, religious creed, sex, gender, age, ancestry, national origin, mental or physical disability or medical condition, sexual orientation, gender identity or expression, marital status, military or veteran status, genetic information, or any other category protected under federal, state, or local law.
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