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 : 2020-05-20Job Location : Al Kuwait, KuwaitJob Role : Purchasing and ProcurementCompany Industry : Perfume & Cosmetics Preferred Candidate Career Level : Mid CareerGender : FemaleDegree : Bachelor's degree