Senior Planner - Dubai, United Arab Emirates - GMG dubai

Description

· Develops financial merchandise plans for all brand/categories based on insights gained from analytics, customer preference, historical trends and future outlook projected by the buyer

· Determines high-level financial goals including pre-season financial plans, in-season projections, open-to-buy management and new store budgets for the brand/category

· Prepares and monitors brand/category MIS analytics based on actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs etc.

· Discusses, decides and monitors the strategic plans around the following factors

o Financials

o Sales, Stock, OTB, Margins, Forward Cover etc.

o Order Quantity, Allocation, Replenishment etc.

· Communicates the plans to buying team for necessary execution and ensures effective in-season management across stores/areas (stock balancing, markdown management, stock analysis, stock vs sales performance)

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

· Ensures optimum inventory levels are maintained for each brand/category, keeping in mind store requirements as well as working capital constraints

· Ensures that no instances of stock outs occur on account of any discrepancy on part of planning

· Ensures excess inventory is not maintained at the warehouses or the stores and there is proper adherence to the GMG policies and procedures

· Ensures proper coordination with the store managers and distribution centers to ensure that the goods are delivered to respective stores as per the requested quantities and agreed timelines

· Ensures identification of obsolete/slow moving stock and obtain management approval on markdowns and product discounts to ensure stock is liquidated as per retail /brand/category guidelines

· Prepares variance analysis reports of stocks and sales against budgeted figures, identify brand/category growth opportunities to minimize down trending business

· Monitors and sets targets by brand/category for GMROII and densities to increase profitability