Merchandising Analyst

Job Description

Job Purpose:
Plan the purchase using Merchandise planning tool. Manage the Product flow from brand partner to stores
to be at the right time and right place. Analyze the performance of sell through and recommend the actions
to achieve the set KPIs.

Key Responsibilities:

• Develop seasonal buying plans
• Prepare Assortment plan based on planned OTB
• Buying/Product selection in line with company strategy
• Product flow management and coordination between the brand & supply chain
• Pricing and margin management
• Replenishment management based on sales performance
• Proposing store to store transfers to make sure that stock is well balanced and available where it would sell
• Prepare Promos/ Mark down proposals for sign off along with sales & margin projections
• Analyze inventory results and investigate the results where needed
• Ability to analyze and evaluate data
• Define the cause of the problem and implement necessary actions
• Develop Merchandise Financial Plan and OTB
• Track and analyze in-season brand performance and adjusts weekly forecasts (and OTB if needed / possible)
• Monitor merchandise inventory positions and markdowns
• Review assortment plan developed by the brand partners on his/her assigned brands and provide inputs.
• Analyze sales performance and trends
• Shipment Process & Tracking
• Report & follow up any discrepancies in shipments or in stock deliveries
• Create store to store transfers
• Generate reports (e.g., sales vs. budget, margins, sell through, sales contribution by category)
• Create content files for ECOM platforms

Dimensions:

• Oversee sales performance on the seasonal launches.
• Own the responsibility of keeping all data accurate and cleansed.
• Streamline the flow of merchandise by analyzing sales performance and determining trends and patterns
  

Decision Making Authority:

• Takes merchandising decisions within the brand guidelines and delegated authorities.
  

Problem Solving:

• Track and analyze in-season brand performance and adjusts weekly forecasts.
• Ensure all brand partners’ and the company’s trading strategies are in compliance.
• Compliance and alignment with the Buy Plan.
• Resolves issues to meeting mark down and profit targets.

Communication and Working Relationships:

• Internal (within the company): Direct communication with brand management & merchandising teams, IT, Finance, Supply Chain Team, Store Operations Team
• External (outside the company): Brand Partners

Job Requirements

Bachelor’s degree in Business Administration or similar

Experience:

• Min. 3 Years’ experience in a similar role
• Proven retail experience working in a similar role.
• Computer literate and hands-on experience with reporting & tracking systems.

Job Specific Skills:

• Good product knowledge
• Seasonal Fashion trends awareness
• Very good knowledge of MS office applications
• Advanced ERP system knowledge:

1. Merchandize and FinancialPlanning (MFP)
2. Assortment Planning (AP)
3. Item Planning (IP)
4. Retail Demand Forecasting (RDF)
5. Size Profile Optimization (SPO)
6. Clearance Optimization Engine (COE)

• Adapts communication style effectively to the situation and audience
• Supports messages with relevant data, information, and examples