Analyst, Own Brand Product Development at RITE AID

The primary purpose of this position is to assist in the development of processes, analytics tools, and capabilities for sourcing Rite Aid owned brands product; and own the end-to-end project management of strategic reviews from RFI to awarding business. The position supports category managers and owned brands by developing category and vendor P&Ls and pro formas to benchmark over time and across suppliers.

• Collaborate with Category Management and Owned Brands teams on highest-priority sourcing projects. Weekly and monthly tracking of category P&Ls to monitor profitability goals and diving deep where needed to drive continuous improvement.
• Work in cross-functional teams to extract, clean, and prepare spend data & product specifications for analysis. Leverage a suite of analytics tools such including Microsoft Excel, Tableau, and others to conduct analysis on spend data to identify spend optimization and cost reduction opportunities (e.g. regression analysis, multi-scenario modeling, sensitivity analysis, cost-benefit analysis).
• 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 senior management and using analyses to prepare for critical vendor negotiations.
• Assist in analyzing bid results from vendors and developing negotiation strategy based on internal and external sources of information. Partner with category managers to collect and analysis data including supplier strength and weakness, international sourcing trends, commodities and material costs trend, exchange rates.

EDUCATION REQUIREMENTS

Education Level

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

Required Or Preferred

Bachelor Degree

in a quantitative field (e.g. finance, statistics, supply chain, etc) or a non-quantitative field with **

Required**

KNOWLEDGE, SKILLS AND ABILITIES

Knowledge, Skills And Abilities

Required or Preferred

Advanced proficiency in analytics tools (Excel & Tableau required, experience with Alteryx, Matlab, Minitab or ability to code Python / R is a plus) **

Required**

Basic financial knowledge & business acumen **

Required**

Strong communication skills (written and verbal) to translate insights into actionable recommendations for leadership teams **

Preferred**

Passion for using data to solve complex problems **

Preferred**

WORK EXPERIENCE

Experience

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

Required Or Preferred

5 years of experience in merchandising analytics, category management, owned brands sourcing, or related field **

Required**

Experience with purchasing or supply chain management in the Retail / Drugstore industry **

Preferred**

Experience managing cross-functional projects **

Preferred**

The typical starting pay range for this position is between $23.20 - $32.01 hourly, although wages can very based on experience and geography.