Landmark Group is one of the largest retail and hospitality organizations in the Middle East, India, South East Asia and Africa
Planning Manager
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
- Subgroub 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 affecting Merchandise Planning as well as business environment & product trends. Discuss the same with the Buying team 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
Category Promotions
- Provide inputs on the expected margins, possible price points and other parameters for promotions within the product category
- Analyse the effectiveness of the promotions in achieving the targeted levels of sales and margins
- Analyse the existing stock levels and liaise with the Marketing/VM/Buying/ Retail team for timely roll out of promotional campaigns to maintain the territory / warehouse inventory holding norms as well to achieve targeted sales
In season Management
- Ensure effective in season management through regular analysis and action planning across concept and territory based on the performance around the following anchors
- Sales vs Stock
- Inflows/OTB
- Stock analysis
- Stock balancing
- Margin analysis
- Promotional activity
- Communicate and facilitate action to be taken on out of line situations with Territory Managers
- Visit territories and stores to be abreast with product performance and trends
- Monitor, Manage and Improvise Planning MIS
- Ensure adequate merchandise performance
People Management
- Manage and support team recruitment
- Monitor team development and facilitate complaint resolution
- Set KRA's for direct reports and conduct performance appraisal
- Oversee team deployment and drive motivation levels of the direct reportees
Desired Candidate Profile
- Retail knowledge
- Financial & Business Acumen
- Relationship Management
- Negotiation skills
- Problem Solving & Decision Making
- Team Management & Leadership
- Resource Management
- Planning & Execution abilities
Planning of Buying Calendars & Events
- Understand the Buying Calendar and the process of planning for a season. Understand the various suppliers and to learn about all buying fairs.
- To assist in planning the buying calendar in line with Inflow Pattern and the Event Calendar of the Stores.
- To monitor the order status and inventory levels on regular basis and to take proactive action for any supplier / category / range / product based on actual inflow and sales pattern.
- To review the distribution of orders on all times and based on the sales rate and the budgets revise distribution wherever required.
- To monitor the Budget Order; Order GRN; Inflow pattern Reports on weekly basis and ensure discrepancies are reported promptly to Finance.
Margin Achievement
- To understand the mechanism of margin / pricing / markup and costing relevant for each supplier and each territory in the department handled.
- To assist the Buyer in fixing the Retail Selling Price in line with the Concept Overall Margin Target and the specific target for each territory.
- To review the pricing as generated from the Pricing Module and do the necessary currency correction based on the local currency of each territory.
Sales Achievement
- Understanding the sales pattern of each store / territory and influencing the increase of sales in each store / territory.
- Participate in the review of the Sales Projection along with the Buyer Retail, Finance Team.
- Review the performance of a product / category / range / supplier / department on periodic basis and to monitor stock levels.
- Monitor the reorders based on the sales and revise / optimize allocation accordingly.
Product Review, Design & Development
- To understand the department, group, sub-group, category / range used in the company and the principle behind the classification of the products in these.
- To understand the design element and the signature of the product in the department and to know the taste of the customer.
- To review samples in line with the guideline within 3 days of receipt and to maintain list of all catalogues / photographs
- To maintain the data base of the images of products on the server as per the correct protocol.
Vendor Development
- To understand the supplier relationship in the organization and the correct manner of addressing the issues with the suppliers.
- To maintain and develop the relationship with suppliers and to communicate in a very professional and prompt manner.
- To consider suppliers as partners in growth and ensure their growth and development along with our growth.
- To assist the suppliers with all necessary assistance in ensuring timely delivery of goods understanding of orders, understanding of shipment terms / LC terms / marking requirements, etc.
Inventory Management
- Review and analyze stock / sales reports on daily basis and understand the top sellers in each department / category / group.
- To monitor inventory and ensuring sufficient stock holdings for each product / category / group / department.
- Review all GRNs after 45 days and taking a decision of reorder / review date.
- To monitor the stock at Central Warehouse at Jebel Ali if any
- Effectively deal with fast / slow moving items / ranges and end of ranges and take corrective action on timely basis
Merchandising Standards
- To constantly monitor the stores and to ensure that the planogram given is implemented strictly.
- To periodically visit the market and survey competitors for new / better ideas for merchandising and to bring about improvement in the merchandising standards.
- Conducting competitor analysis and market review on periodic basis to understand the trends and to develop products in tune with the same.
Competitor Survey (R&D)
- To visit our competitors who carry same range of products, study their designs, color, price & compare with Lifestyle products. By studying we can analyze & make our buying better.
- Constant research on new products and develop the same with our existing suppliers.
Desired Candidate Profile
Minimum 3 -5 Years experience required.
Willing to relocate to Dubai
Background Fashion & Retail Industry
Assistant Buyer - Accessories
Planning of Buying Calendars & Events
- Understand the Buying Calendar and the process of planning for a season. Understand the various suppliers and to learn about all buying fairs.
- To assist in planning the buying calendar in line with Inflow Pattern and the Event Calendar of the Stores.
- To monitor the order status and inventory levels on regular basis and to take proactive action for any supplier / category / range / product based on actual inflow and sales pattern.
- To review the distribution of orders on all times and based on the sales rate and the budgets revise distribution wherever required.
- To monitor the Budget Order; Order GRN; Inflow pattern Reports on weekly basis and ensure discrepancies are reported promptly to Finance.
Margin Achievement
- To understand the mechanism of margin / pricing / markup and costing relevant for each supplier and each territory in the department handled.
- To assist the Buyer in fixing the Retail Selling Price in line with the Concept Overall Margin Target and the specific target for each territory.
- To review the pricing as generated from the Pricing Module and do the necessary currency correction based on the local currency of each territory.
Sales Achievement
- Understanding the sales pattern of each store / territory and influencing the increase of sales in each store / territory.
- Participate in the review of the Sales Projection along with the Buyer Retail, Finance Team.
- Review the performance of a product / category / range / supplier / department on periodic basis and to monitor stock levels.
- Monitor the reorders based on the sales and revise / optimize allocation accordingly.
Product Review, Design & Development
- To understand the department, group, sub-group, category / range used in the company and the principle behind the classification of the products in these.
- To understand the design element and the signature of the product in the department and to know the taste of the customer.
- To review samples in line with the guideline within 3 days of receipt and to maintain list of all catalogues / photographs
- To maintain the data base of the images of products on the server as per the correct protocol.
Vendor Development
- To understand the supplier relationship in the organization and the correct manner of addressing the issues with the suppliers.
- To maintain and develop the relationship with suppliers and to communicate in a very professional and prompt manner.
- To consider suppliers as partners in growth and ensure their growth and development along with our growth.
- To assist the suppliers with all necessary assistance in ensuring timely delivery of goods understanding of orders, understanding of shipment terms / LC terms / marking requirements, etc.
Inventory Management
- Review and analyze stock / sales reports on daily basis and understand the top sellers in each department / category / group.
- To monitor inventory and ensuring sufficient stock holdings for each product / category / group / department.
- Review all GRNs after 45 days and taking a decision of reorder / review date.
- To monitor the stock at Central Warehouse at Jebel Ali if any
- Effectively deal with fast / slow moving items / ranges and end of ranges and take corrective action on timely basis
Merchandising Standards
- To constantly monitor the stores and to ensure that the planogram given is implemented strictly.
- To periodically visit the market and survey competitors for new / better ideas for merchandising and to bring about improvement in the merchandising standards.
- Conducting competitor analysis and market review on periodic basis to understand the trends and to develop products in tune with the same.
Competitor Survey (R&D)
- To visit our competitors who carry same range of products, study their designs, color, price & compare with Lifestyle products. By studying we can analyse & make our buying better.
- Constant research on new products and develop the same with our existing suppliers.
Desired Candidate Profile
Minimum 3 -5 Years experience required. (Private Label Buying)
Willing to relocate to Dubai
Background Fashion & Retail Industry
Email: chintan.dholakia@landmarkgroup.com
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