Merchandising Analyst Job Description
Merchandising Analyst Duties & Responsibilities
To write an effective merchandising analyst job description, begin by listing detailed duties, responsibilities and expectations. We have included merchandising analyst job description templates that you can modify and use.
Sample responsibilities for this position include:
Merchandising Analyst Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Merchandising Analyst
List any licenses or certifications required by the position: CPM, APICS, ASE, PMP
Education for Merchandising Analyst
Typically a job would require a certain level of education.
Employers hiring for the merchandising analyst job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and High School Degree in Business, Marketing, Finance, Merchandising, MBA, Education, Economics, Statistics, Business/Administration, Computer Science
Skills for Merchandising Analyst
Desired skills for merchandising analyst include:
Desired experience for merchandising analyst includes:
Merchandising Analyst Examples
Merchandising Analyst Job Description
- Assist with the initial determination of the feasibility of requests, ensures user requirements are thoroughly and accurately documented in accordance with standard techniques utilized by the IS department
- Help manage the scope and change control of project in coordination with IS management and business partners
- The role will also require monitoring inactive inventory in our international distribution centers
- Manage and maintain merchandise data within SAP
- Analyze merchandising data
- Sales and Merchandising reporting
- Manage the Merchandise Model
- Develop overall understanding of the Merchandising business and the processes and tools being leveraged to fulfill their required capabilities
- Manage the requirements process for large, cross-divisional technology projects by facilitating, eliciting, gathering, documenting, validating, prioritizing and establishing baseline business requirements
- Ensure testability / traceability of requirements and manage changes to the requirements baseline
- 3+ years experience as a planner, analyst, account manager, assistant buyer in the retail/wholesale industry and/or other related experience
- A strong understanding of reporting and analysis is required
- Understanding of POS data transmission process and management process
- Strong fundamental understanding of the action sports retail industry
- Minimum 5 years of wholesale systems experience
- Planning and/or Allocation
Merchandising Analyst Job Description
- Regularly visit stores to understand impact of visual guideline, product density and in store business trends
- Financial and Assortment Planning
- Bachelor’s Degree with at least 3 years of experience in merchandise planning
- Strong time management & task prioritization skills
- Consistently allocates a localized assortment into the stores based on sound analytics and a predetermined merchandising strategy
- Partner with the business and technology teams to define software delivery project requirements and scope to fulfill business strategies identified for supporting the company stock ledger invoice matching & processing
- Develop overall understanding of the Foundation & Reporting business and the processes and tools being leveraged to fulfill their required capabilities
- Partner with the business and technology teams to define software delivery project requirements and scope to fulfill business strategies identified to support the company’s price management capability
- Develop overall understanding of the Finance, Supply Chain and Merchandising business, processes and tools being leveraged to fulfill their required capabilities
- Own requirements definition for large, cross-divisional technology projects through elicitation, documentation, validation, prioritization and management of business and technical requirements
- Island Pacific Merchandising
- Assortment Planning System
- ProClarity or other BI Tool
- Successful track record of launching Merchandising applications
- MID Retail
- Provide Business and financial analysis on the performance of major merchandising initiatives
Merchandising Analyst Job Description
- Serve as a mentor and coach to other members of the team and participate in peer reviews of requirements deliverables
- Code, debug, and test application programs utilizing Java and web based programming tools
- Technically lead complex merchandising projects including estimating, requirements, design and development
- 20% - Manages the retail price models and all outputs including pricing worksheets and labor bills
- 20% - Conduct detailed pricing and gross margin variance analysis by product by market
- Partner closely with the Merchants to understand and execute the unique selling strategies for these two product categories
- Perform the annual budgeting, monthly and weekly forecasting, and long range planning activities for these product categories
- Partner with the Pricing team to ensure everyday prices are aligned with promotional strategies for each of these categories
- Partner with the Marketing team to understand how the marketing plans for these categories will impact the forecast, budget, and actual results of these categories
- Work closely with the Ecommerce and Analytics teams to understand how the website experience is impacting sales and margin trends for these categories
- Work with the Reporting and Analysis Team to develop standard analysis templates and/or tools to support the merchandising department
- Analyze merchandise tests to determine success
- Basket Analysis
- Ability to manage vast amounts of information on a daily basis
- Proficiency in Microsoft applications essential
- Bachelor’s Degree in business/accounting/computer related field
Merchandising Analyst Job Description
- Identify risks and opportunities based on analytical observations
- Maximize product efficiency through long range planning and proactive communication with Merchandisers
- Provide analytical direction for the merchandising teams in order to brief products and/or special programs
- Participate in pre-season guidance and post-season hindsight to drive line planning by season
- Utilize syndicated data and trend research in the analysis of the competitive market
- Understand the Front Shop business model (including Private Label costing) and retail performance reporting
- Understand and interpret P&L sheets for the national brand business and private label
- Be the gatekeeper for annual vendor contracts, enter and understand their revenue rates and unique contract elements pertaining to certain vendors
- Be the gatekeeper for retail pricing, taking into account category margins and comparing with market data
- Run key cadence reports – such as a weekly financial performance report, weekly service level report, monthly banner performance report – further dissected into various divisions/categories/vendors
- 2 years marketing/merchandising experience
- Specific technical training or PMP / Project Management certification is a plus
- Will likely assign daily tasks/work to junior level staff on project teams
- Knowledge and experience with retail and merchandising processes, systems and reporting is preferred
- Bachelor’s degree in Business, Merchandising or related field or combination of experience and education in lieu of completed degree
- Associate's degree in Business or related field or two plus years related experience and/or training
Merchandising Analyst Job Description
- Work with the purchasing team and external vendors to understand order forecast requirements patterns
- Ad hoc reporting, on a daily basis, with a vast range of requirements from requests for performance on certain SKUs for certain time periods, to overall category performance
- Works closely with the different business units to ensure business needs are being met and goals are being achieved on a monthly basis
- Work with Omni-Channel Analyst and Product Developers to divide assortments in the correct matrix buckets
- Gather data and analyze results to create a matrix reporting template
- Build Assortment, Subcat, and Promotional Matrix overviews with supporting graphical data
- Market research on competitive assortments specifically on the Subcat level
- Make independent decisions that affect the function and performance for company-wide shared database system, troubleshoot issues that arise
- In collaboration with Search Marketing Manager, create search engine optimized (SEO) copy for products and taxonomies, review team members’ work and provide improvement direction
- Analyze and enter customer level deviated costs with a high degree of accuracy
- Bachelors degree - Business, Information Technology, Engineering or Organizational Leadership
- 5-7 years experience - cross functional business process analysis
- Formal process training preferred - TQM, Six Sigma, Lean, Kaizen, etc
- Ability to use statistical and graphical tools to analyze data a plus
- Strong problem solving, analytical and troubleshooting capabilities
- Comfortable with information technology development concepts