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Description
Merchandise Financial, Strategic and Assortment Planning
· Maximise Sales and profitability for the Ecom
· Determine high-level financial goals including pre-season financial plans, in-season projections, size level availability and new product launches online
· Prepare and monitor Ecom merchandise MIS analytics based on actual sales, sales forecasts, new product launches, inventory checks, forth coming events, replenishment needs etc
· Ensure creation of merchandise plans for all department/category based on insights gained from merchandise analytics, customer preference, historical trends and future outlook projected by Ecom category managers
· Discuss, decide and freeze the concept merchandise strategic plans around the following factors
o Financials
§ Sales,Stock, Margins, OTB (Online Exclusives), Mark Down management etc
o Availability
§ Subgroub level Sales, Order Quantity, Allocation, Replenishment etc
o Assortment
§ Style, Price, Brand, Supplier etc
· Communicate the merchandise strategic plan to buying team and central planning teams for necessary execution
· Execute effective in season management palns from central planning to online channel across territories (stock balancing, markdown management,stock analysis, stock vs sales performance)
· 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
· Keep abreast of the latest trends in Merchandise Planning and discuss the same with the Category Manager from time to time to assess alignment / realignment of existing processes
· Ensure Price, bundle offers, promotions are constantly updated and checked with B&M and Online. Ensure base price parity between the channels
Inventory Stock Optimization
· Ensure optimum inventory levels are maintained at Concept/Territory keeping in mind B&M and Online 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 especially on NOOS and Basic lines
· Ensure excess inventory is rebalanced from Online stock location and reallocated to common pool for maximising the sell thru of the product
· Ensure high levels of size level availability is maintained online in line with the company policies
Category Promotions
· Provide inputs on the expected margins, possible price points and other parameters for promotions within the product category
· Analyse the effectiveness of the promotions in achieving the targeted levels of sales and margins
· Analyse the existing stock levels and liaise with the Marketing/VM/Buying team for timely roll out of promotional campaigns to maintain the territory / warehouse inventory holding norms as well to achieve targeted sales
Inseason Management
· Ensure effective inseason 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 Managers
· Visit territories and stores to be abreast with product performance and trends.
· Monitor, Manage and Improvise Planning MIS
· Ensure adequate merchandise performance
People Management
· Manage and support team recruitment
· Monitor team development and facilitate complaint resolution
· Set KRA's for direct reports and conduct performance appraisal
· Oversee team deployment and drive motivation levels of the direct reportees
Qualifications
Merchandise Financial, Strategic and Assortment Planning
· Maximise Sales and profitability for the Ecom
· Determine high-level financial goals including pre-season financial plans, in-season projections, size level availability and new product launches online
· Prepare and monitor Ecom merchandise MIS analytics based on actual sales, sales forecasts, new product launches, inventory checks, forth coming events, replenishment needs etc
· Ensure creation of merchandise plans for all department/category based on insights gained from merchandise analytics, customer preference, historical trends and future outlook projected by Ecom category managers
· Discuss, decide and freeze the concept merchandise strategic plans around the following factors
o Financials
§ Sales,Stock, Margins, OTB (Online Exclusives), Mark Down management etc
o Availability
§ Subgroub level Sales, Order Quantity, Allocation, Replenishment etc
o Assortment
§ Style, Price, Brand, Supplier etc
· Communicate the merchandise strategic plan to buying team and central planning teams for necessary execution
· Execute effective in season management palns from central planning to online channel across territories (stock balancing, markdown management,stock analysis, stock vs sales performance)
· 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
· Keep abreast of the latest trends in Merchandise Planning and discuss the same with the Category Manager from time to time to assess alignment / realignment of existing processes
· Ensure Price, bundle offers, promotions are constantly updated and checked with B&M and Online. Ensure base price parity between the channels
Inventory Stock Optimization
· Ensure optimum inventory levels are maintained at Concept/Territory keeping in mind B&M and Online 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 especially on NOOS and Basic lines
· Ensure excess inventory is rebalanced from Online stock location and reallocated to common pool for maximising the sell thru of the product
· Ensure high levels of size level availability is maintained online in line with the company policies
Category Promotions
· Provide inputs on the expected margins, possible price points and other parameters for promotions within the product category
· Analyse the effectiveness of the promotions in achieving the targeted levels of sales and margins
· Analyse the existing stock levels and liaise with the Marketing/VM/Buying team for timely roll out of promotional campaigns to maintain the territory / warehouse inventory holding norms as well to achieve targeted sales
Inseason Management
· Ensure effective inseason 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 Managers
· Visit territories and stores to be abreast with product performance and trends.
· Monitor, Manage and Improvise Planning MIS
· Ensure adequate merchandise performance
People Management
· Manage and support team recruitment
· Monitor team development and facilitate complaint resolution
· Set KRA's for direct reports and conduct performance appraisal
· Oversee team deployment and drive motivation levels of the direct reportees
Primary Location: AE-AE-United Arab Emirates
Work location/ موقع العمل: RNA Jafza Office - Dubai
RNA Jafza Office - Dubai, , Dubai111111
111111
Job: Merchandise Planning
Organization: Max Concept
Schedule label /الجدول الزمني: Regular
Shift: Standard
Job Type: Full-time
Day Job
Job Posting/نشر تسمية الوظيفة: Aug 5, 2024, 6:35:40 PM
DETAILS TO REGISTER FOR THIS JOB:
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