Retail Planner
Responsible for providing support in formulating the planning strategies, and in season management of assortments and inventory level for brand/category.
Core Responsibilities:
• Prepares brand/category MIS analytics based on actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs etc.
• Collects sales figures of stores and prepare periodic reports to analyze sales performance per product per store
• Maintains and analysis information on brand/category sales history, stock budget, current inventory level, and prepares sales forecast by brand/category and season to ensure quarterly ‘open-to-buy' figures are calculated for each store
• Monitors brand/category plans based on insights gained from store analytics, customer preference, historical trends and future outlook projected by the Buying team
• Coordinates with the buying team to for necessary execution and ensures effective in season management across retails stores/areas (stock balancing, markdown management, stock analysis, stock vs sales performance)
• Keep abreast of the latest trends in planning to assess alignment/realignment of existing processes
• Prepares capacity plan and control inventories at each store; tracks and monitors inventory levels for each brand/category, keeping in mind store requirements as well as working capital constraints
• Ensures that no instances of stock outs occur on account of any discrepancy on part of planning
• Ensures excess inventory is not maintained at the warehouses or the stores and there is proper adherence to the GMG policies and procedures
• 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
• 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 SOP guidelines
• Prepares variance analysis reports pf 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
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