Merchandise Planner
4 months ago
Join FrontierCo's GUESS brand as a Menswear Planner. Key duties include:
Sales Forecasting and Planning: Develop accurate sales forecasts by analysing historical sales data, market trends, and seasonal fluctuations. Plan merchandise assortments, inventory levels, and purchasing schedules accordingly.
Inventory Management: Monitor inventory levels to ensure product availability while minimizing excess stock. Implement inventory strategies like Open-to-Buy (OTB) to manage procurement and maintain optimal inventory turnover rates.
Assortment Planning: Collaborate with buying teams to determine the optimal product mix based on consumer trends, sales history, and market analysis. Ensure the product assortment aligns with the brand's strategy and customer expectations.
Financial Planning: Create and manage budgets, setting financial goals for sales, margins, and inventory. Continuously assess financial performance against these goals and adjust plans as necessary to maximize profitability.
Market and Trend Analysis: Stay informed about market trends, consumer behaviour, and competitive landscapes to anticipate shifts in demand and adjust merchandise plans accordingly.
Cross-functional Collaboration: Work closely with various departments including buying, marketing, supply chain, and store operations to ensure a cohesive approach to product range, availability, and promotional activities.
Reporting and Analysis: Regularly report on sales performance, inventory status, and financial results, using data to highlight insights, opportunities for growth, and areas for improvement.
Risk Management: Identify potential risks to sales or inventory plans, such as supply chain disruptions or unexpected shifts in consumer demand and develop contingency plans to mitigate these risks.
Initial Product Allocation: Distributing new stock to stores based on a variety of factors, including sales forecasts, store size, customer demographics, and historical performance. This involves deciding how much of each product should be sent to each store when new merchandise arrives.
Store Replenishment: They also manage the ongoing replenishment of stock, ensuring that best-selling items are consistently available and that stores are equipped to meet customer demand.
**Job Types**: Full-time, Permanent
Pay: R30 000,00 - R50 000,00 per month
**Education**:
- High School (matric) (preferred)
**Experience**:
- Merchandise Planning: 2 years (required)
Application Deadline: 2024/09/10
Expected Start Date: 2024/10/01
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