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- Tasks: Join our team as an Allocator, managing stock allocation to stores and supporting the Buying and Merchandising teams.
- Company: Pound Stretcher is a leading retail brand, now backed by a multi-billion-dollar private equity group.
- Benefits: Enjoy opportunities for growth, training, and a dynamic work environment with potential for remote work.
- Why this job: Be part of an exciting expansion journey, influencing product success and building valuable industry connections.
- Qualifications: No specific experience required; enthusiasm for retail and strong communication skills are key!
- Other info: This entry-level role offers a pathway to advance within the company.
The predicted salary is between 21600 - 36000 £ per year.
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Allocator / Allocations Assistant
Pound Stretcher, a leader in the retail industry, has recently embarked on an exciting new chapter with its acquisition by a prestigious multi-billion-dollar private equity group. With bold ambitions for expansion and innovation, we\’re poised for substantial growth, and we want you to be a part of this thrilling journey. We\’re seeking an experienced Buyer to take a leading role in our continued success.
Purpose of the role:
The Allocation function is the final step in the buying and merchandising and is responsible for allocating stock from the DC to the retail store network
Scope:
Although seen as an ‘entry level position’, the allocations team have a critical role in influencing the success of products. You will report to the allocation manager but will be working day-to-day with the Buying and Merchandising team to become their ‘product replenishment specialist’ who is able to maximise sales and sell-through. You will also build up a network of store contacts who will rely on you to influence allocations across all departments. Your knowledge and skill will provide a platform for advancement further in the business.
Role Responsibilities:
- Take responsibility for their departments warehouse stock
- Allocate stock effectively to stores using various methods available
- Ensure thorough understanding of the products being allocated and the impact of their allocation
- Be aware of forthcoming events relevant to their department and be pro-active in their allocations to ensure correct store stock levels
- Liaise closely with the Buying and Merchandising teams ensuring their expectations of stock placement are met
- Be aware of seasonal events and build stock appropriately
- Flag with Merchandising team poor and good selling products in a timely manner
- Support Allocation management with ad-hoc analysis and reports as required
- Prioritise as appropriate fast moving or urgent stock through the warehouse
- Communicate with stores with regard to stock issues and deal effectively with Customer orders as required
- Effectively solve stock issues that arise in the DC that prevent stock from being allocated
- Ensure awareness of promoted / marked down products and take appropriate allocation action
- Support Buying and Merchandising with direct to store order creation and system maintenance
Key Measures:
- In conjunction with the Buying and Merchandising team, achieve a 97%+ core line availability
- Maximum store availability of promoted / event stock
- All lines to be reviewed a minimum of once per week and more frequently on appropriate lines
- Hit required stock levels on a line-by-line and category/department basis
Knowledge, Skills & Experience:
- Enthusiastic and confident you be commercially driven with a keen interest in retail and the desire to progress in this field.
- Be able to work quickly but accurately under pressure
- Be a confident communicator, able to speak confidently to all levels within the business
- A retail background is advantageous but not necessary
- Able to work effectively with minimal supervision and within a team as required
- Possess a high degree of self-motivation and common sense
- Good knowledge of Microsoft Excel and Powerpoint (although training will be provided)
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Allocator employer: Poundstretcher
Contact Detail:
Poundstretcher Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Allocator
✨Tip Number 1
Familiarise yourself with the retail industry, especially stock allocation processes. Understanding how stock moves from distribution centres to stores will give you a solid foundation and help you speak confidently about the role during interviews.
✨Tip Number 2
Network with professionals in the retail sector, particularly those involved in buying and merchandising. Building relationships can provide insights into the company culture and expectations, which can be invaluable when discussing your fit for the Allocator position.
✨Tip Number 3
Brush up on your Excel skills, as data analysis is crucial for this role. Being able to demonstrate your proficiency in managing and interpreting data will set you apart from other candidates and show your readiness for the job.
✨Tip Number 4
Stay updated on current retail trends and seasonal events that could impact stock allocation. Showing that you are proactive and knowledgeable about the market will impress potential employers and highlight your enthusiasm for the role.
We think you need these skills to ace Allocator
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Allocator role. Emphasise any previous work in retail, stock management, or data analysis to showcase your suitability for the position.
Craft a Compelling Cover Letter: Write a cover letter that not only expresses your enthusiasm for the role but also demonstrates your understanding of the allocation process and its importance in retail. Mention specific examples of how you can contribute to the company's goals.
Showcase Your Skills: In your application, highlight your proficiency in Microsoft Excel and PowerPoint, as well as any analytical skills. If you have experience working under pressure or in a team, be sure to include that too.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism.
How to prepare for a job interview at Poundstretcher
✨Understand the Role
Make sure you have a clear understanding of the Allocator role and its responsibilities. Familiarise yourself with stock allocation methods and how they impact sales. This will show your enthusiasm and readiness to contribute.
✨Showcase Your Communication Skills
As a confident communicator, be prepared to discuss how you would liaise with the Buying and Merchandising teams. Share examples of how you've effectively communicated in past roles, especially under pressure.
✨Demonstrate Your Analytical Skills
Be ready to talk about your experience with data analysis, particularly in relation to stock levels and sales performance. Highlight any relevant experience with Microsoft Excel, as this will be crucial for the role.
✨Express Your Passion for Retail
Convey your enthusiasm for the retail industry and your desire to grow within it. Discuss any relevant experiences or interests that demonstrate your commitment to understanding market trends and customer needs.
