Job Title: Replenishment/Allocation/Planning Analyst
Department: Planning and Allocation
Location: JCPSI, Bangalore
About JCPenney: JCPenney proudly serves customers at more than 650 stores across the United States and Puerto Rico, and at the Company’s flagship store, jcp.com. JCPenney is one of the nation’s largest retailers of apparel, home, jewelry, and beauty merchandise with a growing portfolio of private and national brands. Guided by the Golden Rule, JCPenney employs more than 60,000 associates worldwide and has served customers for over 119 years, playing a vital role in the communities it serves. For additional information, please visit jcp.com and follow JCPenney on Facebook, Instagram, and Twitter. Job Function: 2 to 4 years of experience in Retail Supply Chain - planning and allocation, merchandising planning, inventory management and forecasting • Communicates with various levels of management including Planning and Allocation managers, replenishment manager, financial planners and buyers Allocation
Responsibilities – • Creates and directs the allocation strategy for area of responsibility in support of assortment plans and ensures consistency and accuracy of allocation analysis and tacticalactions. • Responsible to ensure allocation objectives are met and to ensure proper execution of all allocations. • Drives pre-season and post-season analysis and reviews to uncover opportunities and risks across classes. • Develops recommendations for in-season changes and pre-season assortment plans and flow to ensure maximization of objectives. • Responsible for hindsight review from previous seasons and plan for future seasons with analysis and recommendations • Communicates with various levels of management including Planning and Allocation managers, replenishment manager, financial planners and buyers Replenishment Responsibilities - • Owns dynamic forecast and coverage policies for basic items at the store/SKU level within the DCM (Demand Chain Management) tool. • Manage system setup/maintenance pertaining to sales forecasting, store profiles, trending, location/product attributes and promotional activity. • As part of Sales Forecasting for Stores/Ecom, Review F/C accuracy report for lots outside acceptable tolerance and provide analysis for out of tolerance lots to determine rootcause. • For Store Profiles (IPC) Stores/Ecom, provide strategies for lot grouping based onmerchandise expertise • Understand and communicate outside events affecting trend Including; non-comp Marketing, cannibalization, store base changes etc and prepare analysis on current item trend • Understand all location/SKU attributes that need to be maintained and kept up to date • Reviews annual Store Grade changes that effect attributes and communicates actions needed to maintain attribute integrity • For Promotional Events, Create Promotion Policies as needed for non-comp Marketingevents • Monitors weekly sales and order forecast to ensure service level and in-stock objectives are met. • Creates/maintains item plans for Basics and reconciles to system forecast and Merchandise Action Team (MAT) open-to-buy. • Drives a periodic assortment and SKU optimization process and partners with MAT toexecute basic assortment plans based upon Buyer’s intent. • Coordinates with JCP Production Forecasting team to manage projections given todirect suppliers. • Communicates and coordinates with the Business Units on projected receipt forecasts for open-to-buy management. • Performs analysis to uncover opportunities and risks and communicates recommendation to the MAT to meet sales, profit, and inventory objectives • Communicates and coordinates with all domestic replenishment vendors regarding forecast impacts, production needs and fill rate issues. • Meet established performance standards for the role consistently, including (but not limited to) sales, in stocks/customer service, profit, inventory turn, productivity and attendance.
Skillsets: • Critical thinking, Problem Solving & Decision-making • Business planning and financial analysis, Allocation, Planning, Buying, Merchandising, Inventory Control and Supply Chain knowledge • Proficiency in DCM/JDA/EFAs or other planning and allocation operating system • Experience with Oracle Planning & Reporting tools a plus • Proficiency in intermediate excel
