Analyst, Strategic Vendor Management at RITE AID

The primary purpose of this role to maximize margin by category. This will be accomplished through defining a margin and promotional strategy that is aligned to consumer / shopper segments, benchmarked against competitive opportunities, margin building, basket building and traffic driving metrics. The margin analyst will be part of a new best-in-class margin management team with the goal of delivering impactful margin results and leading promotional offer strategy, guidance, governance and architecture based on internal, competitive, and market data.

• Analyze key performance indicators of promotional offer strategies
• Executes promotional event administration process to ensure that promotions are set up in a timely and accurate manner and that all internal controls related to promotion are being followed.
• Establish a Strategic Promotional Framework with Category Management to create promotional strategies by category.
• Leverage data analytics and tools to identify vendor funding variances, promotional optimization, assortment affinities, channel productivity, all-in margin, inventory improvements
• Collaborate with our Category Management teams to understand internal customer shopping patterns, opportunities, and the implications for the different areas of our business.
• Support CRM Promotional strategies and integrate customer data, channels of business, and promotional results in new ways to deepen customer relationships and drive profitable retail business growth.
• Identify key insights from analyses, cutting through large amounts of data to quickly identify trends and implications on sourcing strategy & approach
• Translate insights into action, reporting on findings to category management and senior management. Use analytics to prepare for critical promotional management and support promotional funding negotiations.
• Identify promotional opportunities and gaps by understanding of the business and application of quantitative and qualitative industry, consumer, and syndicated insights

EDUCATION REQUIREMENTS

Education Level

Area of Specialization (Marketing, Finance, Pharmacy, Engineering/IT, etc)

Required Or Preferred

Bachelor Degree

Marketing or related **

Required**

KNOWLEDGE, SKILLS AND ABILITIES

Knowledge, Skills And Abilities

Required or Preferred

merchandising, category management, or merchandise strategy. Experience in pricing and promotion, inventory management, and product development **

Experience**

WORK EXPERIENCE

Required Or Preferred

Areas of Experience (Pharmacy, Compliance, E-commerce, Retail, etc)

3 years of experience **

Required

_“The typical starting pay range for this position is between [$59,500 - $83,875 ], although wages can vary based on experience and geography.”**_