Note: The job is a remote job and is open to candidates in USA. REI Co-op is dedicated to helping people enjoy the outdoors, and they are seeking a Forecast Analyst to support their product inventory and financial goals. This role involves creating seasonal forecasts, managing vendor relations, and providing insights to enhance business performance.
Responsibilities
- Owns creation of seasonal forecasts for product demand based on research and input from Merchant Product partners
- Partner with the Category Planning Manager (CPM) to reconcile category forecasts with seasonal financial plans. Ensure goals are achievable and present the plan to department leadership.
- Examines and acts on product trends and performance with a forward-looking mindset to deliver sales
- Ability to apply sound financial actions to a product strategy to deliver growth
- Manages product inventory flow in-season & pre-season to achieve performance goals
- Initiates and manages purchase orders
- Drives vendor accountability for delivery accuracy and timeliness and negotiates to achieve profitability goals
- Manages markdown planning and product end-of-lifecycle recommendations
- Uses proven communication skills to engage and challenge others for the achievement of business goals.
- Provides insights and feedback to Merchant Product & Planning partners to influence better Assortment Planning
- Provides ad-hoc examination and reporting to support business needs as a category specialist
- Partners with Merchandising Data Specialist & Assistant Category Merchant to manage open orders
- Partners with Replenishment Analyst on funding & prioritizing In Season item reactions
- Pursue self-development through work with your Manager, training and networking with other FAs
- Develop change management skills to thrive in an expanding work environment
- Take part in in cross-functional project opportunities to gain co-op wide perspective
Skills
- Minimum 2 years merchandising experience
- Bachelor’s Degree
- Familiarity and interest in REI products, activities and services
- PC proficiency in Microsoft Windows, Office: Excel, Word, Outlook, Explorer
- Experience with product trend and inventory examination forecasting acquisition allocation and management for multiple stores and digital sales
- Knowledge and effective execution of merchandising math methods; open to buy, initial mark-up, gross margin, markdowns, shrink, damages, inventory turnover
- Uses excellent communication skills, business sense, creative thinking, and good judgment to solve problems or find business opportunities.
Benefits
- Generous employee discount
- Access to health benefits
- Retirement savings plan
- Accrued time off
Company Overview
At Recreational Equipment, Inc. (REI), we exist to inspire and enable life outside for everyone. It was founded in 1938, and is headquartered in Kent, Washington, USA, with a workforce of 10001+ employees. Its website is https://www.rei.com/.