Merchandise Financial, Strategic and Assortment Planning
· Maximise Sales and profitability for the Company.
· Determine high-level inventory goals, taking into account financial plans, in-season projections, open-to-buy management, and brand budgets; working closely alongside Commercial Managers and Supply Chain team.
· Prepare and monitor inventory and merchandise analytics based on historical trends, actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs, etc.
· Ensure creation of merchandise plans for all brands based on insights gained from merchandise analytics, historical trends and outlook projected by the Commercial Managers and retailers.
· Discuss, call-out, and suggest freezing the merchandise strategic plans around the following factors:
o Financials - Sales, Stock, OTB, Margins, Forward Cover etc.
o Store - Level Sales, Order Quantity, Allocation, Replenishment etc.
o Assortment - Style, Price, Brand, Supplier etc.
· Ensure effective in-season management across territories (stock balancing, markdown management, stock analysis, stock vs sales performance).
· Alongside Finance team, review the merchandise plans on a routine, periodic basis to ensure profit is maximized and maintained to reach target levels.
· Keep abreast of the latest trends in Merchandise Planning and discuss the same with the Company Directors from time to time to assess alignment / realignment of existing processes.
Inventory Stock Optimization
· Ensure optimum inventory levels are maintained at Warehouse Facilities/Territories keeping in mind retailer and store requirements, as well as working capital constraints.
· Ensure that no instances of stock outs occur on account of any discrepancy on part of merchandise planning.
· Ensure excess 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.
· Alongside Finance team, analyse the effectiveness of the promotions in achieving the targeted levels of sales and margins.
· Analyse the existing stock levels and liaise with the Supply Chain/Commercial/VM 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 effective in-season management 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
· Communicate and facilitate action to be taken on out of line situations with territory Commercial and Supply Chain Managers.
· Monitor Manage and Improvise Planning Systems.
· Ensure adequate merchandise performance.
Job Details
| Posted Date: | 2020-05-20 |
| Job Location: | Al Kuwait, Kuwait |
| Job Role: | Purchasing and Procurement |
| Company Industry: | Perfume & Cosmetics |
Preferred Candidate
| Career Level: | Mid Career |
| Gender: | Female |
| Degree: | Bachelor's degree |
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