Allocation Analyst at Five Below

About the role

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in. It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace! OB RESPONSIBILITIES:  Sales and Demand Forecasting: ​  Oversee businesses with 500-1,000 SKUs, driving up to $200M annually  Partner with cross-functional teams to gather insights, analyze historical data to accurately forecast demand for various products  Utilize inventory management systems and tools to review demand forecasts and manage inventory optimization  Review key inventory reporting, highlighting key performance metrics and making data-driven recommendations for inventory improvements  Identifying opportunities and risks, recognizing trends by product category and attribute at the individual store and store group level  Inventory Optimization: ​  Set appropriate stock levels for each product category at the correct allocatable level to minimize overstock and understock situations to ensure optimal inventory turn.  Partner with manager to develop replenishment plans for each product category and SKU, considering lead times, order quantities, and reorder points  Analyze actual sales results compared to plan, re-working future flow plans as needed  Regularly analyze sales performance to identify slow-moving items to assist making decisions such as discontinuations or clearance  Control optimal multi-warehouse inventory levels   Data Analysis and Reporting:  Generate reporting on inventory performance and work with your manager to recommend strategy adjustments as needed  Partner with Data Science team to help transform manual data sets into dynamic Power BI dashboards that fuel analysis and deliberate changes  Work cross functionally to develop a story from large data sets to create an action plan accordingly  Communication and Collaboration:  Cross-collaborate closely with (but not limited to) Buying, Planning, Visual Merchandising and Supply Chain to ensure effective communication and coordination  Communicate inventory positions for designated product categories to your manager  Support a collaborative, innovative, and results-oriented environment with a cross-functional team focused on driving sales and optimal store presentation levels       QUALIFICATIONS:  Minimum of 1-2 years of experience in inventory management  Effective cross-functional collaboration and communication skills  Ability to analyze data and provide actionable feedback.  A strong problem-solving skillset  Capable of prioritizing workload in a fast paced and dynamic environment  Sense of urgency and excitement to be a part of a high-growth retail environment  Advanced Microsoft Excel skills and ability to learn systems quickly.  Power BI or Tableau experience a bonus  Explore our benefits site to discover all the perks and support we offer! From health coverage to financial and personal wellness, we've got you covered—check it out today! benefits.fivebelow.com/public/welcome Five Below is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity or any other factor protected by applicable federal, state, or local laws.   Five Below is committed to working with and providing reasonable accommodations for individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please submit a request and let us know the nature of your request and your contact information. crewservices.zendesk.com/hc/en-us/requests/new BE AWARE OF FRAUD! Please be aware of potentially fraudulent job postings or suspicious recruiter activity by persons that are posing as a Five Below recruiters.  Please confirm that the person you are working with has an @fivebelow.com email address.  Additionally, Five Below does NOT request financial information or payments from candidates at any point during the hiring process.  If you suspect fraudulent activity, please visit Five Below's Career Site to verify the posting. fivebelow.com/info/careers