Head - Retail Planning

Merchandise Financial, Strategic and Assortment Planning

- 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

- Subgroup 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, stock vs sales performance)

- Review the merchandise plans on a periodic basis to ensure profit is maximized and maintained to reach target levels

- Ensure that the standards of Merchandise procedures and Methodologies are maintained and kept uniform

- Keep abreast of the latest trends in Merchandise Planning and discuss the same with the Category Manager from time to time to assess alignment / realignment of existing processes

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