✨ AI Summary
The Manager - Planning is responsible for overseeing merchandise planning and inventory management for assigned departments. Key duties include reviewing stock to sales ratios, responding to sales trends, and ensuring financial targets (plan sales, markups, markdowns) are met. The role involves managing inventory levels, ensuring optimal merchandise mix, and facilitating the launch of new products. This position requires close coordination with retail and buying teams, regular report preparation, and proactive identification of inventory concerns to maximize sell-thru and achieve budget goals.
Requirements
Responsible for reviewing stock to sales ratios, responding to changing sales trends, and ensuring plan sales, plan markups, and plan markdowns are achieved by brands. Ensure achievement of budget and LFL growth for assigned department. Managing inventory levels of assigned department at the store. Ensure desired first price sell-thru for assigned department for each season. Assist planning manager in preparation of buying budget and assortment plan for assigned department. Ensure the realized margin target for the department are met.
Description
Responsible for reviewing stock to sales ratios, responding to changing sales trends, and ensuring plan sales, plan markups, and plan markdowns are achieved by brands.
Ensure achievement of budget and LFL growth for assigned department.
Managing inventory levels of assigned department at the store.
Ensure desired first price sell-thru for assigned department for each season.
Assist planning manager in preparation of buying budget and assortment plan for assigned department.
Ensure the realized margin target for the department are met.
Ensure adequate mix of merchandise at the stores as per the set guidelines.
Ensure all CORE products availability at all times.
Launching of new products and categories at the stores and ensure timely replenishment.
Regularly perform inter-store consolidations to maximize sell-thru.
Coordination and liaising with retail team and buying team.
Weekly preparation and review of reports with buying and retail team and plan out action plan to rectify concern areas.
Flag any sort of inventory concern to planning manager and concerned buying department head so that the situation can be handled efficiently.