Senior Merchandise Planner-Accessories

WOW Softech

Role & responsibilities

Merchandise Financial, Strategic and Assortment Planning into Accessories Mainly!!

• Maximise Sales and profitability for the Concept
• Determine high-level financial goals including pre-season financial plans, in-season projections, open-to-buy

management and new store budgets

• Prepare and monitor Concept merchandise MIS analytics based on actual sales, sales forecasts, company order

parameters, 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 the buyer

• Discuss, decide and freeze the concept merchandise strategic plans around the following factors
• Financials
• Sales, Stock, OTB, Margins, Forward Cover etc
• Store

Subgroub level Sales, Order Quantity, Allocation, Replenishment etc

Assortment

Style, Price, Brand, Supplier etc

• Communicate the merchandise strategic plan to buying team for necessary execution
• Ensure effective in season management across territories (stock balancing, markdown management,stock analysis.

Inventory Stock Optimization

• Ensure optimum inventory levels are maintained at Concept/Territory keeping in mind 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

• 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

• Sales vs Stock
• Inflows/OTB
• Stock analysis
• Stock balancing
• 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

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

Preferred candidate profile

The job holder will be responsible for maximising sales and profitability in the business by providing effective merchandise

strategies, planning and in season management of assortments and inventory level for Concept.