What are the responsibilities and job description for the Ralph Lauren Allocator position at BoF Careers?
Company Description
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands. At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
Position Overview
The Allocator will manage all aspects of allocation of product and retail analysis. This role is responsible for executing initial allocations and replenishment of stock to stores, ensuring allocation and distribution plans support the financial objectives of the total division. The Allocator also provides data analysis and insights to the Planning team, including allocation analysis (weeks of supply, service levels, etc.), sales to stock analysis, and overall reporting.
Essential Duties & Responsibilities
Operations/Financial
Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Lauren's reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Company's brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the world's most widely recognized families of consumer brands. At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.
Position Overview
The Allocator will manage all aspects of allocation of product and retail analysis. This role is responsible for executing initial allocations and replenishment of stock to stores, ensuring allocation and distribution plans support the financial objectives of the total division. The Allocator also provides data analysis and insights to the Planning team, including allocation analysis (weeks of supply, service levels, etc.), sales to stock analysis, and overall reporting.
Essential Duties & Responsibilities
Operations/Financial
- Responsible for preparation and analysis for business Reviews
- Support planning teams with store, product and size analysis
- Partner with Buying and Planning teams to formulate and implement strategies to drive sales
- Drive financial success of a product group by leveraging forecast capabilities in allocation tools to ensure appropriate inventory is allocated to stores to meet or exceed sales, gross profit, and inventory turn goals
- Execute the release of initial product distributions and in season replenishment to stores
- Monitor sales, sell through WOS to ensure full size availability of best sellers are in stores
- Partner with cross functional teams to ensure timely and accurate execution of new store openings
- UDF (Unit Distribution Flow) Preparation by partnering with Control Tower to provide a weekly/monthly/year view for finance/ DC operations/ Store operations scheduling inbound
- Effectively communicate outages in inventory within the fleet as well as the status of inventory within the distribution center
- Effectively communicate the intended allocation strategy Communications/Relationships
- Develop and maintain effective working relationships within cross-functional team (stores, buying, planning, marketing, visual, etc.)
- Manage communication regarding inventory/replenishment
- Visit stores to gain insight into performance and availability
- Preferred but not required - Experience using the following system: IA Allocation Systems, Global and Retail Insight
- Proficient in retail math
- Strong organizational skills, detail-oriented, focused on accuracy,
- Strong analytical and problem-solving skill
- Microsoft Office Suite skills including exceptional excel skills
- Ability to quickly learn technical applications
- Effectively and clearly communicates by leveraging strong listening, written and oral communication skills
- Able to build and maintain productive relationships within team and cross-functional teams
- Flexible and adaptable to change