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Merchandise Planning Manager Jobs
Company | PT. Navya Retail Indonesia |
Address | Area DKI Jakarta, Indonesia |
Employment type | FULL_TIME |
Salary | |
Category | Ritel |
Expires | 2023-08-02 |
Posted at | 10 months ago |
Roles and Responsibilities:
- Ensures optimum inventory levels are maintained for each brand/category, keeping in mind store requirements as well as working capital constraints.
- Ensures identification of obsolete/slow moving stock and obtain management approval on markdowns and product discounts to ensure stock is liquidated as per retail /brand/category guidelines.
- Discusses, decides and monitors the strategic plans around the following factors (Financials; Sales, Stock, OTB, Margins, Forward Cover etc; Order Quantity, Allocation, Replenishment etc).
- Determines high-level financial goals including pre-season financial plans, in-season projections, open-to-buy management and new store budgets .
- Ensures proper coordination with the store managers and distribution centers to ensure that the goods are delivered to respective stores as per the requested quantities and agreed timelines.
- Trains and develops planning team members with an emphasis around brand/category management.
- Develops merchandise plans for all brand/categories based on insights gained from analytics, customer preference, historical trends and future outlook projected by the buyer.
- Analyses and monitors merchandise planning MIS analytics based on actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs etc.
- Manages and updates replenishment parameters by location, store volume group as needed within season, communicates with buying function regarding inventory/replenishment as needed.
- Reviews the merchandise plans on a periodic basis to ensure profit is maximized and maintained to reach target levels.
- Communicates the plans to buying team for necessary execution and ensures effective in-season management across stores/areas (stock balancing, markdown management, stock analysis, stock vs sales performance).
- Participates in capacity planning to determine the capacity required and ensure smooth supply of products.
- Ensures excess inventory is not maintained at the warehouses or the stores and there is proper adherence to the Business Unit’s policies and procedures.
- Formulates and communicates the merchandise strategic plan to buying team for necessary execution.
- Prepares variance analysis reports of stocks and sales against budgeted figures, identify brand/category growth opportunities to minimize down trending business.
- Monitors and sets targets by brand/category for GMROII and densities to increase profitability.
- Ensures that no instances of stock outs occur on account of any discrepancy on part of planning.
Requirements and Qualifications:
- Fluent in English for both oral and written.
- Ability to work in a team and other division.
- A minimum of 8 - 10 years of relevant experience with at least 6 years in planning for products preferable from retail or FMCG industry in similar role.
- Hold a minimum Bachelor Degree in Business Management, Buying, Merchandising or Accounting/Finance.
- Excellent in numbers and computer skills (especially Microsoft Office Excel).
- Excellent written & verbal communication skills, interpersonal skills, attention to detail and strong analytical skills.
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