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The differences between allocation analysts and merchandise planners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become an allocation analyst, becoming a merchandise planner takes usually requires 2-4 years. Additionally, a merchandise planner has an average salary of $69,460, which is higher than the $65,773 average annual salary of an allocation analyst.
The top three skills for an allocation analyst include allocation strategies, purchase orders and logistics. The most important skills for a merchandise planner are gross margin, strong analytical, and math.
| Allocation Analyst | Merchandise Planner | |
| Yearly salary | $65,773 | $69,460 |
| Hourly rate | $31.62 | $33.39 |
| Growth rate | 19% | 19% |
| Number of jobs | 8,917 | 32,301 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 82% |
| Average age | 37 | 44 |
| Years of experience | 6 | 4 |
In the retail industry, an allocation analyst is in charge of providing analytical services to optimize a company's supply chain operations. Among their responsibilities include performing market research and analysis, determining the customers' purchase needs, managing product inventory, coordinating with store managers, gathering and analyzing data from internal and external parties, keeping abreast with the latest trends, and developing strategies to reach sales and inventory targets. Moreover, an allocation analyst must maintain an active communication line with staff while enforcing and promoting the company's policies and regulations.
A merchandise planner is responsible for monitoring the adequacy of stock inventories and requesting purchase orders by researching current market trends to meet customer demands. Merchandise planners assist with marketing campaigns and promotional offers of the business, selling goods and services to the customers based on their needs and budget requirements. They also write sales reports, inspect the validity of merchandise, and maintain an attractive visual display of items. A merchandise planner resolves and escalates customer complaints timely, processes replacements, and issues refunds as needed.
Allocation analysts and merchandise planners have different pay scales, as shown below.
| Allocation Analyst | Merchandise Planner | |
| Average salary | $65,773 | $69,460 |
| Salary range | Between $47,000 And $90,000 | Between $46,000 And $102,000 |
| Highest paying City | Dover, DE | San Francisco, CA |
| Highest paying state | Delaware | California |
| Best paying company | Wellington Management | Pandora |
| Best paying industry | Retail | Retail |
There are a few differences between an allocation analyst and a merchandise planner in terms of educational background:
| Allocation Analyst | Merchandise Planner | |
| Most common degree | Bachelor's Degree, 81% | Bachelor's Degree, 82% |
| Most common major | Business | Business |
| Most common college | University of Georgia | University of Pennsylvania |
Here are the differences between allocation analysts' and merchandise planners' demographics:
| Allocation Analyst | Merchandise Planner | |
| Average age | 37 | 44 |
| Gender ratio | Male, 29.3% Female, 70.7% | Male, 37.1% Female, 62.9% |
| Race ratio | Black or African American, 5.3% Unknown, 5.0% Hispanic or Latino, 12.7% Asian, 11.1% White, 65.8% American Indian and Alaska Native, 0.1% | Black or African American, 8.6% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.1% White, 64.5% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 10% | 9% |