Toys'R'Us, Inc. Manager, Merchandise Planning & Allocation in Wayne, New Jersey
Come work at a place where innovation and teamwork come together to support the most exciting missions in the world!
Manager, Merchandise Planning and Allocation
As a corporate team leader at Toys “R” Us HQ, you will be cultivating, building and guiding one of the world’s most fun and exciting brands and its operations. You will be working in a fast-paced environment with hardworking, creative and passionate colleagues who all share the belief that toys and games are key to unlocking a child’s imagination. This position will give you an opportunity to enhance cross-functional partnership and take advantage of a variety of learning and development initiatives, as well as be rewarded and recognized for valuable contributions that drive success. Toys “R” Us promotes an open-door policy that encourages employees to interact regularly with all levels of management and will motivates you to lead by example and inspire others to greatness.
The Manager of Planning and Allocation is responsible to grow sales, margin, reduce expenses and increase cash flow through the efficient use of inventory. They partner with a buyer(s) and are a strategic partner in the financial success of the overall business. They are responsible for implementing and overseeing planning and replenishment strategies for their teams. They are responsible for the hiring, training and development of analysts.
KEY TASKS & RESPONSIBILITIES
*Tasks and responsibilities not applicable to Apparel
+Tasks and responsibilities applicable only to Apparel
Partner with the buyers in aligning their team’s efforts with divisional and corporate strategies and goals
Collaborate with cross functional teams to improve business processes, regularly partner with other resources such as the Merchandising and Dotcom, Forecasting, Marketing, Merchandise Presentation and Logistics teams
Build partnerships with vendors to collaboratively improve efficiencies to reduce supply chain costs and maximize inventory investments
Build talent by providing support, direction, coaching and leadership
Support, embrace, grow and drive continuous improvement
Find opportunities to enhance current business by streamlining processes and driving strategic initiatives
Leadership/ Talent Enhancement
Provide feedback, coaching and guidance to enhance skill development and resolve poor performance; help others identify and prioritize and develop their areas of improvement
Take decisive, timely action to address important short-term and long-term issues and follow through on individual and team commitments
Maintain partnerships amongst cross functional teams by sharing data, information and strategy
Remove obstacles and redirect efforts of one's team to assure quality results, holding self and team accountable for outcomes
Update knowledge and skills to handle new challenges and responsibilities; respond constructively to new demands and priorities
Demonstrate flexibility and resilience in response to constraints and respond constructively to new demands and challenges
Proactively share timely updates/information and business trends with the team. Analyze critical facts and root causes to understand problems and identify solutions that best address them
Planning & Allocation
Responsible for planning and executing inventory plans to drive sales, margin and inventory turnover improvements
Key tasks include:
Use resources such as historical information, current trends, ad calendar, feature shop and end cap plans, TV plans and Merchants vision to build and reforecast inventory plans that align to promotional activity and end of year goals.
Partner with the Merchant and Finance team as needed to create accurate margin forecasts
Review obsolete inventory and partner in life cycle management strategies to determine end of life transitions.
Proactively share plans with supply chain partners to ensure operational readiness and execution
Plan inventory to properly maintain in-stocks and support sales, always being proactive to make quick adjustments across departments for both stores and digital businesses
Ensure system settings accurately reflect business realities, such as vendor lead times and order cycles
Review stock-to-sales ratios (weeks of supply)
Collaborate with the Merchant team in creating assortments by making new item recommendations as well as end-of-life plans and markdown strategies
Collaborate with the Logistics team as on issues such as delivery and direct-to-store orders
Partner with the Marketing team to review promotional forecasts and final copies of ads and to ensure 100% in- stock position for all promotional events
Partner with IT whenever there is a need for new reporting capabilities requirements to support projects
*Supervise Purchase Order Management by handling approvals and rejections and supervising content to ensure that POs are within guidelines and aligned to financial goals; review order amounts to ensure they fit within the OTB plan
+Account for Advanced Shipping Notice (ASN) inventory in the forecast and plan of assigned categories
*Employ strategy to manage inventory flow to stores
*Interact with and educate members of your division on the benefits of consensus forecasting
Partner as needed with the S&OP team to ensure appropriate inventory allocation and flow strategies to meet local market needs;
*Plan and reforecast shared items for TRU, BRU and Dotcom chains
*Review items with high forecast variances and work to resolve discrepancies
Partner on promotional forecasts, feature shop forecasts, TV items, missing forecasts, variance in weekly forecasts and ensure if ad lifts are in place in a timely manner
Ensure new items and key product launches are in stock. Measure early results to adjust inventory forecasts and product flow as needed to drive sales and inventory productivity.
Confirm alignment of forecasted sales quantities with space allocated on POGs to be sure there is efficient use of inventory and presentations will look good at store level.
Support store locations and the needs of new channels and growth ventures by managing the forecasting, planning and replenishment process. Responsible for managing timely and accurate inventory flow to stores.
Conduct store visits. Tasks includes:
Discuss with Store managers and identify issues and guest concerns and needs.
Review merchandise in stocks (floor and back room) and inventory levels and understand the proper inventory for space dedicated to product
Review whether stores are following the Plan-o-gram vision and that signage and promotions are presented correctly
Vendor Management related
Collaborate with vendors supplying the largest portion of the business. Collaborate on necessary inventory quantities and ordering strategy to support future sales. Key tasks include:
Determine initial order quantities on new items including timing dates for shipping
*Manage availability of products, shipping terms, optimum flow of products and promotional lifts
The above tasks and responsibilities are a summary of the typical functions of the job and may not be exhaustive of all possible responsibilities, tasks and duties of the Manager Planning & Allocation.
+5 years related experience
Advanced skills in
Supply Chain Management and Fundamentals
Negotiating Inventory Management
Business Analysis (margin analysis, inventory cost modeling and performance management skills)
Store Planning (merchandising layout, fixtures, signage, backroom, etc.)
Skills in Statistical Forecasting and using Report Builder
Advanced to intermediate Microsoft Office skills in Excel, Word, Outlook and PowerPoint
Seasonal domestic travel as required
Toys"R"Us is an equal-opportunity employer and is committed to providing a workplace free from harassment or discrimination. All employment decisions are to be made without regard to race, color, age, gender, sexual orientation, religion, marital status, pregnancy, national origin/ancestry, citizenship, physical/mental disability, military status or any other basis prohibited by law.
Toys“R”Us recognizes that its team members are its greatest asset and is committed to developing high-performing, highly engaged and diverse talent. The company offers various employment opportunities, ranging from internships to top management positions at the company’s Global Resource Center in Wayne, New Jersey. In addition, job seekers can explore positions at Toys“R”Us and Babies“R”Us stores and distribution centers coast-to-coast.