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job description
About The Bay:
As North America’s oldest startup and Canada’s purpose-driven digital marketplace, The Bay is on a high-growth mission to rewrite the rules of retail to help Canadians live a colourful life. If you believe in the power of our iconic brand and thrive on problem solving at scale, we want you to join our team.
At The Bay, smart, high-performing team members will challenge you to learn and grow every day. We value ambitious work and great ideas grounded in data and insights. We are looking for talented people who love a fast-paced environment, embrace change and are looking to make an impact with groundbreaking ideas.
We are building a digital-first company and brand for a diverse world and we need a diverse team to reach our potential. We strongly encourage applications from everyone to come and join a winning team that supports diverse thinking and demonstrates innovation, energy, creativity and vision every day.
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Day in the Life:
The Vendor Analyst provides analytical support to ensure in stock of merchandise for designated vendor– “right quantity and right place” – and contribute to overall departmental financial objectives.
What You Will Do:
General
- Manage Vendor Relationships
- Work closely with the vendor ensuring the vendor strategy for regular business, launches, Gift with Purchase (GWP) and holiday boost as applicable/needed
- Have weekly communication with the vendor to ensure the level of stock and react when needed. Review any opportunity and upcoming promotions.
- Provide the vendor with any analysis needed for the business (BIS)
- Work with vendor and prepare & review allocation for all promotions
- Analysis of flow product, purchase orders, sales, etc. and offer suggestions in order to improve replenishment allocations including analysis of store and sku productivity and any +/- recommendations.
- Other duties and special projects as assigned
Plan
- Prepare collaborative forecasting
- Set the parameter for Creation of Masks for Allocation
- Review merchandise quantification
- Prepare RTV claims once negotiated
- Inventory management – review WOS, model stocks and suggest stock balancing (RTV/transfers)
- Review DCM parameters (new items & updates)
- Manage buy plans/order flows
- Manages Open-to-Buy for repeat business including AR, VMI, Central stock
- Liaises with Logistics regarding flow needs
- Liaises with Replenishment to manage returns from stores
Buy
- Supervise NSP Process
- Create/Review allocations for all types of orders
- Highlight areas of opportunity to direct DSCMs balancing stock
- Approve purchase orders
- Item creation/maintenance
- Price changes
- Ecommerce onboarding process
- Check Ecommerce sites for content, pricing, and promotional integrity accuracy
- Ensure repeat style validation is updated in systems including cost, retail and season coding
- Action updates on Assortment revisions
- Create/Approve/Track purchase orders and monitor fill rates
- Partners with Buyer to develop assortment plan, reconciling top down / bottom up financial plans across all categories
- Partners with Buyer to execute merchandise financial plan, including owning post-season analysis and drafts learnings with Buyer, reviews items exceptions with Buyer, Co-owns in-season course correction
- Partners with Buyer to manage store returns
What You Will Need
- Post-Secondary education in Business or a related field of study; or equivalent
- 3 to 5 years of experience in retail analysis and/or merchant support preferred
- Financial Acumen – understanding how the factors impact profit and turnover
- Analysis and Decision Making – Identify problems/opportunities, generate timely solutions, and timely decisions, evaluate risk and financial implications
- Good knowledge of supply and inventory management
- Knowledge of MS Office (Word, Excel)
- Ability to learn and master technology/systems quickly and thoroughly
- Excellent communication skills to be able to engage in thorough communication with all departments in the division: Buying, Planning, Marketing and providing accurate, concise and up to date information to Manager/Leader professionally
- Detail orientated
- Self-motivated to be able to focus energy on getting things done, taking initiative, offer solutions to issues
- A willingness to initiate change as the company grows in order to streamline processes, improve efficiency and facilitate the growth of the company
What You Can Expect:
- Competitive salary and benefits package
- Associate discount up to 40% including top brands
- Flexible work environment that allows for work-life balance
#LI-Hybrid
Thank you for your interest In The Bay. We look forward to reviewing your application.
The Bay provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. In addition to federal law requirements, The Bay complies with applicable state and local laws governing nondiscrimination in employment in every location in which the company has facilities. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.
The Bay welcomes all applicants for this position. Should you be individually selected to participate in an assessment or selection process, accommodations are available upon request in relation to the materials or processes to be used.