Job Title: Sr. Planner & Merchandiser
Department: Planning and Merchandising
Reports To: Head - Planning and Merchandising /GM
Job Description
Financial Planning & Analysis
- Develop and manage Brand Annual Budgets for sales margins and markdowns.
- Conduct Post-Seasonal Analysis to evaluate past performance at Department Class Sub-Class and Item levels to guide future strategies.
- Collaborate with Buyers to propose Seasonal Strategies on Sales Price Points Size Color and Assortment Dimensions based on past performance and future trends.
- Prepare and propose Seasonal Budgets/OTB (Open-to-Buy) from Brand down to Class/Sub-Class levels ensuring alignment with financial goals such as Sales Opening/Closing Stocks Inflows Forward Covers and Sales Margins.
- Develop WSSI (Weekly Sales and Stock Intake) reports projecting Sales Opening/Closing Stocks Forward Covers and Planned Inflows by month/season.
- Create Store Grading at the Class/Sub-Class levels to determine the appropriate width and depth of ranges for different store sizes (Medium/Small) optimizing stock levels for display capacity.
- Collaborate with Buyers to finalize the Buy Plan (Range Plan) by season ensuring it aligns with financial targets inventory needs and product assortment plans.
- Track and report on performance throughout the season comparing actual performance against planned objectives adjusting strategies as needed.
- Identify any exceptions or discrepancies in Sales Stockholdings Forward Covers and Inflows and propose corrective actions in collaboration with the Buyers.
- Monitor Seasonal Budget performance and reforecast as necessary considering past performance trends to adjust for Sales Stocks and Inflows.
- Maintain the OTB tracker ensuring clear visibility on orders placed cancellations and any excess or underbuys.
Inventory Management
- Ensure the availability of all replenishment items and maintain timely reviews of replenishment orders to prevent stockouts.
- Monitor the flow of stock received in warehouses ensuring it is allocated to stores and is actively selling.
- Collaborate with Buyers and Stores to resolve any out-of-stock situations.
- Develop and communicate the allocation plan for seasonal/product launches in collaboration with Buyers ensuring timely execution for both retail stores and wholesale partners.
- Manage and track sell-through rates at the season and product level to optimize markdowns and avoid excess stock.
- Analyze aging stock and propose actions for clearance or redistribution communicating necessary steps to the Stores.
- Ensure timely communication with Stores to address any stock consolidation requirements.
Pricing & Margin Management
- Collaborate with Buyers to align on pricing for new shipments ensuring it meets target intake margins.
- Monitor sell-through performance of both fast-moving and slow-moving items proposing corrective actions for price adjustments reorders or markdowns.
- Propose and manage price adjustments for slow-selling items ensuring alignment with the Buyers strategy and obtaining Management approval before communicating actions to Stores.
- Contribute to Promotion and End-of-Season Sales (EOSS) planning focusing on pricing strategies discounting and inventory optimization.
Store & Competitor Visits
- Conduct regular store visits to monitor product performance trends and customer feedback.
- Ensure alignment with the brands strategy on quantity range pricing and customer demands.
- Stay updated on competitor range compositions pricing strategies and overall market trends to drive competitiveness.
Systems Maintenance & Enhancement
- Ensure the availability and accuracy of reports measuring performance against the planned objectives maintaining effective tracking of key KPIs.
- Maintain systems ensuring data integrity and timely updates to reports and systems.
- Communicate any system enhancement needs to the Line Manager for review.
Employment Standards
Qualifications
Basic Qualification / Education / Vocational Training
- Bachelors Degree in Retail Fashion Management Business Administration or equivalent from an accredited institution
Advanced Qualification / Certification / Specialist Training
- Post-Graduate Degree or MBA in Retail Management Business Administration or a related field is preferred.
Experience
- Minimum 5-6 years of relevant experience in retail planning particularly in fashion retail.
- Experience in managing financial planning inventory management pricing strategies and open-to-buy (OTB) planning.
- Proven track record of working with Buyers Merchandisers and cross-functional teams to meet business goals.
Skills & Competencies
- Strong analytical skills with a data-driven approach to decision-making.
- Merchandise planning expertise with a deep understanding of inventory management sales forecasting and assortment planning.
- Strong knowledge of retail financials including sales margins markdowns and OTB.
- Excellent planning organizational and problem-solving skills.
- Proficiency in MS Excel (advanced level for financial tracking and data analysis).
- Strong communication and negotiation skills to interact with internal and external stakeholders.
- Ability to thrive in a fast-paced environment and adapt quickly to changing market dynamics.
Employment Type : Full Time
Experience: years
Vacancy: 1