The job holder is responsible for ensuring Concept merchandise planning & MIS analytics based on actual sales, sales forecasts, company order parameters, inventory checks, forthcoming events & replenishment needs etc.
Also responsible for maximizing sales and profitability in the business by providing effective planograms, managing assortments across stores by Territory/Department/Class/Sub-Class and ensuring inventory levels to achieve or exceed sales targets set by the business.
Merchandise Financial, Strategic and Assortment Planning
- Ensure creation of merchandise plans for all department/category based on insights gained from merchandise analytics, customer preference, historical trends and future outlook projected by the buyer.
- Maximize sales and profitability for the Concept.
- Determine high-level financial goals including pre-season financial plans, in-season projections, open-to-buy management and new store budgets.
- Discuss, decide and freeze the concept merchandise strategic plans around the following factors:
- Financials (sales, stock, forward cover etc).
- Store (sub-group level sales, allocation, replenishment etc).
- Assortment (style, price, brand, supplier etc).
- Building working relationships with Store Managers & identifying their needs, providing information on key factors such as last pieces, items not selling, discontinued lines etc. & allowing freshness into the stores.
- Prepare & monitor reports on performance of Dept./Class/Subclass (where applicable) to identify any exceptions to Sales, Stockholdings, Forward Covers, Inflows and propose actions on out-of-line situations to the Planners/Buyers monthly with action to be taken.
- Visit warehouses and stores on an agreed frequency to monitor orders arrival into warehouse and ensure items are displayed in the correct quantities where store planograms /matrices have space.
Skill
- Must have 3-4 years of relevant experience in retail. Home & Furniture Industry preferred.
- Good knowledge of Merchandise planning and analytics.
- Good knowledge of Retail Industry and products.
- Experienced in using planning applications to execute the planning role.
- Planning and organizing skills.
- Analytical skills.
- Good knowledge of MS Office.
