Requirements
The role requires reviewing stock to sales ratios, responding to changing sales trends, and ensuring plan sales, markups, and markdowns are achieved. Responsibilities include managing inventory levels, achieving first price sell-thru, assisting in buying budget and assortment plans, and ensuring margin targets are met. The candidate will also coordinate with retail and buying teams, prepare weekly reports, and flag inventory concerns.
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.