Job Summary
Retail planner controls 60% of the entire expenditure in the company, 60% being the largest chunk of expenditure shows the importance of the job and impact (positive and negative) that it can have on our existence. Retail planner is cost effective while also dealing with other factors such as sustainability, risk management and ethical issues.
Reporting To
Partner
Job Responsibilities
- Analysing past sales figures / trend to anticipate future product
- Devising a merchandising plan using the above
- Communicating the merchandising plan to buyer, who can then decide what products, styles, colours etc. to purchase from which suppliers at what cost
- Devising a contract for the suppliers, including quality control, accuracy and flexibility, which is done throughout the season
- Allocating certain amounts of stock to each outlet throughout the season, to minimise unnecessary stock holdings for maximum budgetary
- Once the products are distributed and put on sale, the retail planner can then monitor stock movement, consider markdowns, inter- branch transfers, promotions.
- Liasing with the store manager and interior designer to ensure the products are presented to potential customers in the most attractive manner possible
- Analysing every aspect of best sellers and ensuring that they reach their full potential
- Maintaining awareness of competitors performance
- Monitoring slow sellers and taking action to improve performance
- Accompanying different functional managers or team on visit to appreciate and improve processes
- Presenting analysis report of the brand on sales, stock, OTB, Margins, Store Subgroup level sales, order quantity, allocation and replenishment
- Responsible for “right product, to the right place & at the right time; thus ensuring availability of products to match the customer’s demands.
- To prepare reports and send it to the directors, managers and the specialists
- To prepare report on stock, sales, stock cover, availability, gaps. This includes daily reports, weekly reports, weekend reports, monthly report.
Skills Sets Mandatory
Brand awareness, good communication skills, proficiency in MS office, good knowledge about products in the store, time management and decision making skills, people management skills, should be a team player and have the ability to motivate his subordinates.
Industry
Retail
Relocate candidate preferred (Yes/No)
No
Qualification(s) Required
Graduate, MBA
Specific Comments
NA