Allocation Analyst

About the role

At Five Below, our growth is driven by associates who embrace our purpose: creating an amazing experience filled with unlimited possibilities, priced so low you can always say yes to the newest, coolest stuff. With over 27,000 associates, Five Below thrives on culture, energy, and passion—making it a workplace that inspires big ideas and super energy. This role focuses on inventory management for businesses with 500-1,000 SKUs, driving up to $200M in annual revenue.

Responsibilities

• Oversee sales and demand forecasting for 500-1,000 SKUs, partnering with cross-functional teams to gather insights and analyze historical data for accurate demand predictions.
• Utilize inventory management systems to review demand forecasts and optimize inventory levels.
• Review key inventory reporting, highlight performance metrics, and make data-driven recommendations for improvements.
• Identify opportunities and risks by recognizing trends at the product category, attribute, store, and store group levels.
• Set appropriate stock levels to minimize overstock and understock situations, ensuring optimal inventory turn.
• Develop replenishment plans for each product category and SKU, considering lead times, order quantities, and reorder points.
• Analyze actual sales results compared to plan and adjust future flow plans as needed.
• Identify slow-moving items and assist in decisions such as discontinuations or clearance.
• Control optimal multi-warehouse inventory levels.
• Generate reporting on inventory performance and recommend strategy adjustments in collaboration with your manager.
• Partner with the Data Science team to transform manual data sets into dynamic Power BI dashboards for analysis and actionable changes.
• Work cross-functionally to develop actionable insights from large data sets and create corresponding action plans.
• Collaborate closely with Buying, Planning, Visual Merchandising, and Supply Chain teams to ensure effective communication and coordination.
• Communicate inventory positions for designated product categories to your manager.
• Foster a collaborative, innovative, and results-oriented environment focused on driving sales and optimal store presentation.

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.
• Strong problem-solving skillset.
• Capable of prioritizing workload in a fast-paced and dynamic environment.
• Sense of urgency and excitement to be part of a high-growth retail environment.
• Advanced Microsoft Excel skills and ability to learn systems quickly.
• Power BI or Tableau experience is a bonus.

Benefits

Explore our benefits site to discover all the perks and support we offer, including health coverage, financial wellness, and personal wellness programs. Learn more here.