Merchandise Planner

Avtar Career Creators
  • Dubai
  • 10-15 lakh
  • 3-6 years
  • Views
  • 19 Apr 2017

  • Merchandising

  • Retail
Job Description

Merchandise Financial, Strategic and Assortment Planning

Maximise Sales and profitability for the department/category
Support in determining high-level financial goals including pre-season financial plans, in-season projections, open-to-buy management and new store budgets
Prepare and maintain department/category merchandise MIS analytics based on actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs etc
Assist in the creation of merchandise plans for the category based on insights gained from merchandise analytics, customer preference, historical trends and future outlook projected by the buyer
Assist in discussing, deciding and freezing the department/category merchandise strategic plans around the following factors

o Financials
Sales, Stock, OTB, Margins, Forward Cover etc
o Store
Subgroub level Sales, Order Quantity, Allocation, Replenishment etc
o Assortment
Style, Price, Brand, Supplier etc

Communicate the merchandise strategic plan to buying team for necessary execution
Ensure effective in season management across territories (stock balancing, markdown management, stock analysis, stock vs sales performance)
Help review the merchandise plans on a periodic basis to ensure profit is maximized and maintained to reach target levels
Ensure that the standards of Merchandise procedures and Methodologies are maintained and kept Uniform
Inventory Stock Optimization

Ensure optimum category inventory levels are maintained at Concept/Territory keeping in mind store requirements as well as working capital constraints
Ensure that no instances of category stock outs occur on account of any discrepancy on part of merchandise planning
Ensure excess category inventory is not maintained at the warehouses or the stores and there is proper adherence to the concept/territory ageing policy

Category Promotions

Provide inputs on the expected margins, possible price points and other parameters for promotions within the product category
Help analyse the effectiveness of the promotions in achieving the targeted levels of sales and margins
Help analyse the existing stock levels and liaise with the Buying/VM/Marketing team for timely roll out of promotional campaigns to maintain the territory / warehouse inventory holding norms as well to achieve targeted sales
In season Management

Ensure performance is monitored against plan for the assigned category/department, regularly supported by exception reporting
Ensure effective in season management of the assigned category/department through regular analysis and action planning across concept and territory, based on the performance around the following anchors
o Sales vs. Stock
o Inflows/ OTB
o Stock analysis
o Stock balancing
o Margin analysis
Margin & Stock Management
Promotional Financial Planning
Pre-empt customer satisfaction based on strategic decisions
Merchandise Control
Coordination with Buying
Team engagement

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