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Allocator - Stock Optimisation Specialist

2 months ago

London, Greater London, United Kingdom Selfridges Full time

About the Role

We are seeking a highly skilled Allocator to join our team at Selfridges. As an Allocator, you will play a critical role in ensuring that our stores have the right stock at the right time to maximize sales.

Key Responsibilities

  • Maximize stock availability and stockturn through effective use of auto replenishment and allocation strategies.
  • Optimize stockturn by identifying slow-selling products and recommending actions to improve inventory management.
  • Action the transfer of stock between stores and distribution centers, ensuring timely delivery and meeting return-to-vendor deadlines.
  • Maintain a thorough understanding of departmental performance, concession sales, best-selling products, competitor activity, and market trends.
  • Collaborate with the merchandising team to input markdowns and ensure accurate inventory levels.
  • Work closely with the distribution center to resolve queries, highlight unresolved issues, and ensure smooth inventory management.
  • Chase suppliers for timely delivery of orders within allocated delivery windows and assist with booking in at the distribution center as needed.
  • Monitor supplier fulfillment rates and report any poor performance to the merchandising team.
  • Provide regular analysis and insights to inform buying and merchandising decisions, highlighting risks and opportunities.
  • Maintain a high level of proficiency in relevant systems, including Retek, Excel, and Essbase, and participate in training programs as required.

About You

  • You will have a strong background in retail and merchandising, with a solid understanding of inventory management principles.
  • You will be highly organized, proactive, and able to multitask, prioritize, and work to tight deadlines while maintaining attention to detail.
  • You will be a skilled problem solver, able to apply different approaches to complex situations.
  • You will be an excellent communicator, both verbally and in writing, with strong relationships with stakeholders across various teams.
  • You will be a proactive team member, collaborating with the buying and merchandising teams to drive business results.
  • You will be pacey, positive, and flexible, responsive to business needs and willing to take ownership of tasks.
  • You will be analytical and results-driven, able to use data to measure performance and identify areas for improvement.
  • You will be proficient in Microsoft Office software, with high levels of accuracy.
  • You will embody our company values, demonstrating trust, respect, and a commitment to excellence.

About Selfridges

We are a leading luxury department store, committed to delivering exceptional customer experiences and driving business success through innovative retail strategies.