Follett
Buyer / Planner - Hybrid Opportunity
Follett, Oak Brook, Illinois, United States, 60523
Buyer / Planner - Hybrid Role
For more than 145 years, Follett has been bringing together affordable educational content, products and technologies to prepare learners and educators, term after term.
At Follett, we manage 1000+ collegiate campus stores that help bring the specific look and feel of each campus experience to life with design concepts inspired by the latest retail trends and experiences. Our emblematic planning team creates customized apparel and gift assortments for the products that fans, alumni, students, and faculty demand most. Follett partners with top brands and infuses today's apparel trends to enhance the individuality of every school with quality apparel for every type of campus pride, both in-store and online.
Position Overview:
Develops the financial and merchandise assortment plans for at department and store level. Ensure proper execution of merchandise strategy via the Assortment Planning Process. Manages the Open to Buy process to positively impact inventory goals. Identify and exploit sales opportunities. Responsible for achieving sales with optimal inventory turns and assisting in using best practices to manage the department. Recommend disposition plans to liquidate aged inventory and overstock.
Financial PlanningDevelops monthly sales plans by department using corporate goals and strategies.Establish monthly markdown and receipt plans to support the monthly sales plan.Drive department goals to deliver financial components of sales, gross margin and inventory turnover.
Assortment Planning
Provides feedback to Sourcing regarding additional needs.Analyze and report weekly/monthly sales, inventory, and turn position as it relates to plan, last year and last week/month.
Financial & Assortment Analysis/Reporting
Manages inventory levels using an OTB process.Forecasts future month financial components by department.Executes purchase order placement/modification/cancellation recommendations based on OTB disposition.
Store/Vendor Communication Process
Responds to store emails and phone messages in a timely manner.Responds to merchandise requests in a timely and financially responsible manner.Conducts regular store visits offering solutions to store issues regarding assortment breadth and depth.Provides purchase orders to vendors in a timely manner with appropriate lead-times.Provides item forecasts to vendors as requested by Sourcing.Communicates delivery expectations to all vendors.Fosters open and honest communication with the stores and vendors.
Performs other duties as assigned.
Requirements:
Bachelor's degree required; educational background in business or retail preferred.Minimum of 3 years of experience in planning/allocation and/or buying; preferably in 2 years planning in retail environment.Intermediate to advanced computer proficiency in Microsoft Excel.Retail Math experience required.Intermediate to advanced experience using JDA MMS and Retail IDEAS or similar retail planning & reporting system required.Excellent oral and written communication skills.Strong analytical skills with the ability to implement creative and innovative ideas to increase merchandise sales and manage inventory.Proficient in Excel and experience with Demand Planning/Open-to-Buy tools.Strong organizational abilities and attention to detail in a fast-paced environment.Ability to multi-task, meet deadlines and adapt to a dynamic work environment.Work well and develop strong relationships with cross-functional team.
Additional Information:
Full-time / Benefit EligibleWork Location: Chicagoland Area - Hybrid (onsite in Westchester IL & Remote)Work Location: Chicagoland Area - Hybrid
For more than 145 years, Follett has been bringing together affordable educational content, products and technologies to prepare learners and educators, term after term.
At Follett, we manage 1000+ collegiate campus stores that help bring the specific look and feel of each campus experience to life with design concepts inspired by the latest retail trends and experiences. Our emblematic planning team creates customized apparel and gift assortments for the products that fans, alumni, students, and faculty demand most. Follett partners with top brands and infuses today's apparel trends to enhance the individuality of every school with quality apparel for every type of campus pride, both in-store and online.
Position Overview:
Develops the financial and merchandise assortment plans for at department and store level. Ensure proper execution of merchandise strategy via the Assortment Planning Process. Manages the Open to Buy process to positively impact inventory goals. Identify and exploit sales opportunities. Responsible for achieving sales with optimal inventory turns and assisting in using best practices to manage the department. Recommend disposition plans to liquidate aged inventory and overstock.
Financial PlanningDevelops monthly sales plans by department using corporate goals and strategies.Establish monthly markdown and receipt plans to support the monthly sales plan.Drive department goals to deliver financial components of sales, gross margin and inventory turnover.
Assortment Planning
Provides feedback to Sourcing regarding additional needs.Analyze and report weekly/monthly sales, inventory, and turn position as it relates to plan, last year and last week/month.
Financial & Assortment Analysis/Reporting
Manages inventory levels using an OTB process.Forecasts future month financial components by department.Executes purchase order placement/modification/cancellation recommendations based on OTB disposition.
Store/Vendor Communication Process
Responds to store emails and phone messages in a timely manner.Responds to merchandise requests in a timely and financially responsible manner.Conducts regular store visits offering solutions to store issues regarding assortment breadth and depth.Provides purchase orders to vendors in a timely manner with appropriate lead-times.Provides item forecasts to vendors as requested by Sourcing.Communicates delivery expectations to all vendors.Fosters open and honest communication with the stores and vendors.
Performs other duties as assigned.
Requirements:
Bachelor's degree required; educational background in business or retail preferred.Minimum of 3 years of experience in planning/allocation and/or buying; preferably in 2 years planning in retail environment.Intermediate to advanced computer proficiency in Microsoft Excel.Retail Math experience required.Intermediate to advanced experience using JDA MMS and Retail IDEAS or similar retail planning & reporting system required.Excellent oral and written communication skills.Strong analytical skills with the ability to implement creative and innovative ideas to increase merchandise sales and manage inventory.Proficient in Excel and experience with Demand Planning/Open-to-Buy tools.Strong organizational abilities and attention to detail in a fast-paced environment.Ability to multi-task, meet deadlines and adapt to a dynamic work environment.Work well and develop strong relationships with cross-functional team.
Additional Information:
Full-time / Benefit EligibleWork Location: Chicagoland Area - Hybrid (onsite in Westchester IL & Remote)Work Location: Chicagoland Area - Hybrid