Responsible for merchandise financial, strategic and assortment Planning, inventory stock optimization, and the category promotions
Primary responsibilities:
Manage the development of annual, seasonal, monthly and weekly merchandise plans. Develop and communicate comprehensive department financial and product strategies.
Manage the Category Store wise Sales Budget, Budget Review every month, Category Sales Forecast (Projection).
Review of Store Grading & Store, Size Ratio/Pack size, Assortment/Color Analysis, Article MRP Mix.
Support in determining high-level financial goals including pre-season financial plans, in-season projections, open-to-buy management (OTB) and recent store budgets at dept level.
Prepare and maintain department/category merchandise MIS analytics based on actual sales, sales forecasts, forth coming events and replenishment needs
Maximizes Sales and profitability for the department/category
Assist in the creation of merchandise/assortment plans for the category based on insights gained from merchandise analytics, customer preference, historical trends and future outlook projected by the buyer
Actively participate in assortment development and review, providing data and analysis to support decision-making
Ensure effective in season management across territories (stock balancing, markdown management, stock analysis, stock vs sales performance)
Ensure optimum category inventory levels are maintained at concept/territory keeping in mind store requirements as well as working capital constraints
Ensure excess category inventory is not maintained at the warehouses or the stores and there is proper adherence to the concept/territory ageing policy
Provide inputs on the expected margins, possible price points and other parameters for promotions within the product category
Help analyze the effectiveness of the promotions in achieving the targeted levels of sales and margins
Help analyze the existing stock levels and liaise with the Buying/VM/Marketing team for timely roll out of promotional campaigns to maintain the territory / warehouse inventory holding norms as well to achieve targeted sales.