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(SENIOR) MERCHANDISE PLANNER
Job summary
A leading retail company in Singapore is seeking a Merchandise Planner to drive category sales and manage inventory efficiently. The ideal candidate will possess a degree in Business or related fields, and 1 to 4 years of relevant experience in merchandising. Proficiency in data analysis and tools like Excel and Power BI is crucial, along with strong interpersonal skills for collaboration across teams. This role involves deep market analysis and strategic decision-making to align with global brand standards.
Qualifications
- 1 - 4 years of relevant experience.
- Proficiency with Office 365 tools and high proficiency in Excel.
- Desirable experience using Power BI.
Responsibilities
- Drive market performance with data-driven decisions.
- Lead merchandise planning, pricing, and inventory management efforts.
- Conduct consumer, product, and competitor research.
Skills
Education
Tools
The Merchandise Planner will be responsible for driving category sales, profitability and inventory productivity for the region and its individual markets while ensuring that regional merchandising and pricing strategies are aligned with global brand standards. Besides working with various internal departments to identify key issues and develop effective solutions, the Planner will also align Franchise partners and cooperate closely to ensure seamless local execution of strategy.
The Merchandise Planner will monitor market trends and performance, providing timely insights to global teams to address business gaps and forecast merchandise performance based on historical data and current fashion trends.
- Deep dive into market data for both offline and online channels to produce actionable insights to drive market performance.
- Ensure completeness and accuracy of data flow from markets.
- Collaborate with the internal BI team to create insightful dashboards in PowerBI that will support the Merchandise Planning team to make strategic business decisions.
- Create strategy decks and pitch ideas to stakeholders to gain buy-in.
- Manage Country Open-To-Buy (rolling budget plan); maintain category sales projections and optimize inventory flow to fulfil retail targets.
- Lead seasonal buying and drive sell-through KPIs. Forecast appropriate purchase quantities at SKU level by analysing historical performance and market trend projections.
- Ensure that collection plan meets branding and visual guidelines and business expectations. Work with Operations, Marketing and Visual Merchandising teams to ensure appropriate store merchandise mix, fulfil stock requirements and maintain global brand image.
- Review and execute pricing strategies to ensure profitability KPIs are met.
- Execute in-season activities with Franchisees regarding product launch, repeat orders, mark downs and stock movement to manage product life cycle.
- Anticipate potential inventory liabilities and take timely actions to maintain stock holdings at desired levels in accordance with seasonal calendar.
- Conduct consumer, product and competitor research to keep abreast of global industry and international market trends.
- Lead or participate in department projects to improve systems or merchandising efficiency.
- Degree in Business, Fashion Merchandising, Retail Management or related disciplines
- 1 - 4 years of relevant experience
- Proficient in Office 365 tools, with high proficiency in Excel
- Experience using Power BI is desirable
- Keen interest in fashion and retail
- Able to plan, prioritize and multi-task to deliver results in a fast-paced environment
- Able to breakdown and analyse complex issues to implement effective solutions with business partners
- Pleasant disposition with excellent interpersonal skills
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.