The role holder will be responsible for overseeing the inventory and retail budgets Supply
Planning for General Merchandising Department, Forecasting, (Open To Buy (OTB), densities, inventory health, and sell-through, Gross Margin Return On Inventory Investment (GMROII)) to ensure stock deliveries to the stores as per approved capacity plans and store profile to achieve sales objectives.
He / She will be responsible for providing effective brand/category planning and in season management ofassortments and inventory level.
The role holder will need to determine high-level financial goals including pre-season financial
plans, in-season projections, open-to-buy management and new store budgets. Analyse, monitor
merchandise planning and communicate the strategic plan to buying team for necessary
execution thereby ensuring effective in-season management across stores/areas (stock
balancing, markdown management, stock analysis, stock vs sales performance).
Develop and Review the merchandise plans on a periodic basis. Ensure optimum inventory
levels are maintained for each brand/category, keeping in mind store requirements as well as
working capital constraints. He / She needs to ensure no instances of stock outs or excess
inventory occur on account of any discrepancy on part of planning. Manages and updates
replenishment parameters. Needs to ensure that all activities are in line with the set policies and
procedures.
Track and map competitor activities, market trends and forecasts. He / She will need to build
good working relationships with all internal and external stakeholders and lead the team to meet
the set objectives. He / She will need to travel to location PAN India for visits to stores,
Warehouse and Vendor sites.
Who can apply
Candidates having extensive experience in Retail Planning and Merchandising in value retail
format/FMCG Brand with a proven track record in managing a similar role.
Experience of approx 12 - 15 years.
Candidates with MBA. Ability to manage a large team.
Must be willing to travel to various locations PAN India.
Skills needed
Excellent communication, problem solving, decision making and leadership skills.
Excellent negotiation skills with an eye for detail. Must be a team player.
Will be responsible for training and grooming team members.
Must be good with Ms. Office tools - word, excel and powerpoint , SAP.
Excellent in Inventory Management.
Must have good understanding of data analysis and forecasting methods.