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Merchandise analyst vs merchandise planner

The differences between merchandise 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 a merchandise 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 $67,933 average annual salary of a merchandise analyst.

The top three skills for a merchandise analyst include powerpoint, SQL and data analysis. The most important skills for a merchandise planner are gross margin, strong analytical, and math.

Merchandise analyst vs merchandise planner overview

Merchandise AnalystMerchandise Planner
Yearly salary$67,933$69,460
Hourly rate$32.66$33.39
Growth rate19%19%
Number of jobs38,12732,301
Job satisfaction--
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 82%
Average age3744
Years of experience64

What does a merchandise analyst do?

A merchandise analyst is an individual who monitors inventory levels while following and charting the profits and sales of a store or company. Merchandise analysts are required to identify appropriate industry and product categories so that they can focus on maximizing the business of each store. They must review and analyze weekly advertisement results with team members to meet their sales goals as well as identify causes of high carryover and methods for reduction. Merchandise analysts must also use data analysis to identify markets and fine-tune merchandise.

What does a merchandise planner do?

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.

Merchandise analyst vs merchandise planner salary

Merchandise analysts and merchandise planners have different pay scales, as shown below.

Merchandise AnalystMerchandise Planner
Average salary$67,933$69,460
Salary rangeBetween $49,000 And $92,000Between $46,000 And $102,000
Highest paying CitySeattle, WASan Francisco, CA
Highest paying stateWashingtonCalifornia
Best paying companyMacy'sPandora
Best paying industryRetailRetail

Differences between merchandise analyst and merchandise planner education

There are a few differences between a merchandise analyst and a merchandise planner in terms of educational background:

Merchandise AnalystMerchandise Planner
Most common degreeBachelor's Degree, 83%Bachelor's Degree, 82%
Most common majorBusinessBusiness
Most common collegeUniversity of GeorgiaUniversity of Pennsylvania

Merchandise analyst vs merchandise planner demographics

Here are the differences between merchandise analysts' and merchandise planners' demographics:

Merchandise AnalystMerchandise Planner
Average age3744
Gender ratioMale, 36.6% Female, 63.4%Male, 37.1% Female, 62.9%
Race ratioBlack or African American, 5.1% Unknown, 5.0% Hispanic or Latino, 12.2% Asian, 10.7% White, 66.9% 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 Percentage10%9%

Differences between merchandise analyst and merchandise planner duties and responsibilities

Merchandise analyst example responsibilities.

  • Manage a team of allocation analysts who distribute fashion jewelry to more than a thousand stores
  • Analyze and forecast sales, manage inventory levels and determine distribution strategy to all Marshalls stores.
  • Manage and maintain the OTB for specific departments by preparing forecasts, evaluating performance, and maximizing profitability while minimizing liabilities.
  • Allocate product to the appropriate stores using JDA system.
  • Analyze and allocate for women's intimate apparel, and accessories.
  • Analyze historical POS to create seasonal profiles for all items, allowing the system to more efficiently predict seasonal trends.
  • Show more

Merchandise planner example responsibilities.

  • Monitor and analyze planned assortments by door in order to achieve plan turn goals and ROI.
  • Manage purchase order logs to ensure plan receipts and IMU requirements are maintained in the department.
  • Complete training on the JDA planning and forecasting system to effectively manage the financial aspects of each department.
  • Implement and manage the E3 auto-replenishment system to optimize inventory levels of width-size shoes, core shoes and shoe accessories.
  • Manage product flow in apparel category; determining order quantities and generating purchase orders for new and replenishment orders.
  • Manage and maintain the OTB for specific departments by preparing forecasts, evaluating performance, and maximizing profitability while minimizing liabilities.
  • Show more

Merchandise analyst vs merchandise planner skills

Common merchandise analyst skills
  • PowerPoint, 14%
  • SQL, 8%
  • Data Analysis, 7%
  • Digital Marketing, 5%
  • Gross Profit, 5%
  • Logistics, 4%
Common merchandise planner skills
  • Gross Margin, 8%
  • Strong Analytical, 7%
  • Math, 7%
  • Historical Data, 7%
  • Open-To-Buy, 6%
  • Apparel, 6%

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