Vice President of Merchandise Planning and Allocation Salary in Maryland

The Vice President of Merchandise Planning and Allocation develops strategies and processes to maximize sales, turnover, and profitability. Oversees, plans, and directs all aspects of an organization's merchandise planning and inventory allocation policies, objectives, and initiatives. Being a Vice President of Merchandise Planning and Allocation may advise buyers on optimizing purchase planning and stock ratios. Leads business review of the current season and adjusts future allocation and replenishment strategies accordingly. In addition, Vice President of Merchandise Planning and Allocation requires a bachelor's degree. Typically reports to top management. The Vice President of Merchandise Planning and Allocation 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. Comprehensive knowledge of the overall departmental function. Working as a Vice President of Merchandise Planning and Allocation typically requires 8+ years of managerial experience. (Copyright 2024 Salary.com)

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