Job Role :Retail Operations Planning Analyst
Salary : $57,808.00 – $98,482.00
Company : LCBO
Location : Toronto, ON
Qualifications : Bachelor’s
Experience : 5 years’ work experience
ABOUT LCBO
The LCBO (Liquor Control Board of Ontario) is a outstanding government enterprise answerable for the sale and distribution of alcoholic drinks for the duration of Ontario, Canada. Established in 1927, its mandate includes retailing a extensive variety of merchandise from spirits, wines, and beers to geared up-to-drink cocktails and non-alcoholic liquids.With over 660 shops across the province, LCBO operates as one of the globe’s largest customers and outlets of alcoholic beverages, presenting purchasers a various selection both in-save and online.
Beyond retail,
LCBO plays a pivotal role in promoting accountable consumption through academic campaigns and tasks.It also contributes significantly to Ontario’s economy, generating revenue that supports public services like healthcare and training. Known for its rigorous product selection process and dedication to social responsibility, LCBO ensures compliance with provincial legal guidelines and guidelines governing the sale and distribution of alcohol.
Job Description
As a Retail Operations Planning Analyst, your role involves overseeing the strategic and operational components of retail planning. You’ll examine income developments, inventory stages, and patron call for to optimize product availability and store performance. Collaborating with move-purposeful groups, you will forecast income, plan products assortments, and make sure powerful inventory management.
Your insights will power choice-making on pricing, promotions, and replenishment techniques, aiming to maximise profitability and client pleasure. Strong analytical capabilities, skill ability in records analysis tools, and a deep expertise of retail operations are vital for success on this position, where you’ll make contributions drastically to attaining commercial enterprise objectives and enhancing the general retail enjoy.
Role and Responsibilities of Retail Operations Planning Analyst LCBO
- Sales and Demand Forecasting: Utilize historical facts, marketplace tendencies, and promotional sports to forecast future sales and demand for merchandise. This involves studying facts to predict patron behaviour and become aware of styles that impact income cycles.
- Inventory Management: Monitor inventory degrees throughout stores and warehouses to ensure most efficient stock degrees. Implement strategies to decrease stock-outs and overstock situations, balancing the want for product availability with price control measures.
- Merchandise Planning: Collaborate with vending teams to devise product assortments based on sales forecasts, seasonal tendencies, and client possibilities. Ensure alignment among inventory levels and deliberate income targets.
- Performance Analysis: Analyse key overall performance signs (KPIs) which includes income metrics, inventory turnover, and profitability to assess the effectiveness of retail techniques. Identify possibilities for development and enforce corrective movements as wanted.
- Promotional Planning: Work carefully with advertising and marketing teams to devise and execute promotional campaigns. Evaluate the effect of promotions on income and modify techniques to maximise ROI.
- Cross-purposeful Collaboration: Partner with pass-practical groups including merchandising, advertising and marketing, finance, and deliver chain to align retail operations with ordinary business objectives. Communicate insights and hints to stakeholders at various tiers of the business enterprise.
- Data Analysis and Reporting: Utilize facts analytics equipment and software to extract and control facts, behaviour statistical evaluation, and create reviews and dashboards. Present findings and tips to management in a clean and concise manner.
- Risk Management: Identify capacity risks to retail operations including supply chain disruptions, financial factors, and competitive threats. Develop contingency plans and chance mitigation strategies to minimize impact on business overall performance.
- Continuous Improvement: Stay up to date on industry tendencies, market conditions, and retail first-rate practices. Proactively are searching for possibilities to enhance operational efficiency, streamline tactics, and drive continuous improvement projects.
Skills Required of Retail Operations Planning Analyst:
• Analytical Skills: Proficiency in quantitative evaluation and information-pushed choice-making. Ability to interpret complex statistics sets, discover developments, and derive actionable insights.
• Financial Acumen: Understanding of retail economic metrics including gross margin, inventory turnover, and sales per square foot. Ability to translate monetary data into business implications and recommendations.
• Inventory Planning and Management: Knowledge of inventory control standards consisting of call for forecasting, replenishment strategies, and stock optimization strategies.
• Communication Skills: Effective verbal and written communication abilities to articulate findings, gift tips, and affect stakeholders across the enterprise.
• Technical Proficiency: Experience with records analytics gear together with Excel, SQL, Tableau, or similar software. Familiarity with retail management systems (RMS) and business enterprise resource making plans (ERP) systems.
• Collaboration and Teamwork: Ability to work collaboratively in a pass-practical crew surroundings. Strong interpersonal abilities to construct relationships and paintings correctly with numerous stakeholders.
• Attention to Detail: Meticulousness in records evaluation and reporting accuracy. Ability to maintain a high degree of precision at the same time as handling more than one priorities and time limits.
• Adaptability and Resilience: Flexibility to adapt to changing priorities and commercial enterprise situations. Resilience to navigate demanding situations and drive effects in a aggressive retail panorama.
• Retail Industry Knowledge: Understanding of retail operations, vending principles, client conduct, and marketplace dynamics. Awareness of industry trends and competitive panorama.
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