An allocation analyst typically works in a retail environment and their primary responsibility is to ensure that their company has a suitable amount of products available to the customers. This is achieved by creating product availability plans for various seasons, as well as monitoring (and accounting for) fluctuations throughout the year. The allocation analyst is responsible for ensuring the ideal amount of inventory is always available in the retail store to maximize profits. They must be able to gather information regarding consumers and products and use the data to identify trends to make decisions. This data and analysis are shared with leaders within the business.
The requirements for this position can vary. However, at least two years of relevant experience and a high school diploma (or equivalent) are generally required. Some companies also require an associates or bachelor’s degree in a field such as merchandising or business.
An allocation analyst must be highly organized, attentive to details, and self-directed, and they must possess strong analytical skills. An allocation analyst must possess the ability to solve problems quickly and efficiently. This person should possess strong computer skills, the ability to multitask, retail math experience, and highly developed professional communication skills.