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Selects merchandise for order, places order, and stays involved in inventory distribution. Reviews success of previous orders to determine extent to which inventory should be replenished. Researches new trends or advances in product lines to make appropriate buying decisions. Functions as a decision maker with orders of a larger and more complex scope. May require a bachelor's degree in area of specialty. Typically reports to a supervisor or manager. Typically requires 7+ years of related experience. A specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group.
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. 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. Requires a bachelor's degree. Typically reports to top management. 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. Typically requires 10+ years of progressive leadership experience. Has extensive knowledge of the overall departmental function.
The Merchandise Planning & Allocation Executive 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 and methods. Being a Merchandise Planning & Allocation Executive provides buyers with data and insights to use to optimize purchase planning and stock ratios. Utilizes forecasting data to lead a business review of the current season to determine future allocation and replenishment strategies. In addition, Merchandise Planning & Allocation Executive requires a bachelor's degree. Typically reports to top management. The Merchandise Planning & 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. Working as a Merchandise Planning & Allocation Executive typically requires 10+ years of progressive leadership experience. Has extensive knowledge of the overall departmental function.