Head Buying and Merchandising Peter England
Head Buying and Merchandising Peter England
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Job Description
Base Location: Bangalore
Minimum Qualification: Masters from NIFT or other related institutes
Preferred Experience :710 Years
Preferred Skills: Relevant experience in buying & merchandising in Retail Textile or Apparel
Key Result Area:
Develop and drive accurate financial sales and line plans for designated product categories ensuring alignment with overall Business Unit product and marketing strategy
- Develop financial sales inventory and line plan ensuring alignment with overall Business requirements in the form of Annual Business Plans & OTB plans & to collaborate the required monthly quarterly & annual business requirements.
- Ensuring right proportions of price points casual & noncasual mix category mix and fashion quotient
Drive Sustainable Profitable Growth in Retail
- Responsible for leading the buying and allocation team for all the stores to drive the preseason planning process inseason stock management through Gross Profit management and SKU allocation/replenishment to stores.
Financial Goals Drive Retail Productivity (NonNegotiable)
- Sales Target Yearly and Quarterly and L2L basis
- Gross Margin Gross Profit as of Sales
- EBIDTA
- Working Capital Delivering ideal DOC
Operations Improve Buying Process to deliver higher through put from store (Non Negotiable)
- Sell Thru Drive higher Sell thru through effective and right buying Allocating at right time to right store and discount management.
- STPW Sell thru per Week
- SSPD Drive higher SSPD so as increase the store profitability and have an insight on effectiveness of store layouts.
- Inventory Turn Achieve Targeted Inventory turn to enable cash rotation
Maintaining no. of days stock as targeted
- Review stock and sale plan with team members.
- Develop plans for the channel for meeting sales gross margin and inventory turn goals taking the necessary steps to optimize sales product sell through and margin plans.
- Achieve channels net margin targets after discounting through risk management and promotional/markdown strategies
- Prepare action plan for high stocks level showrooms to bring down stocks as per plan.
- Modify/develop efficient pullback process.
- Develop efficient replenishment system.
Freshness of Stock and Pull Back Process
- Ensure seamless running of AMM process and addition of right stock into discount mix at the right time
- Ensure right Freshness Index at store Current season stock as of total NonCore Stock at store.
- Efficient fast & controlled pull back process to ensure the unproductive merchandise is liquidated through VC channel
Efficient Core Management
- Deploy a sharper core range to ensure best in class core availability & efficient DOC
- Clearing nonmoving stocks by offering discounts at right time.
Ways of Working
- Well documented B&M processes.
- Review mechanism.
- Season wise library of orders with images
- Introduce and ensure implementation & smooth running of automation tools such as symphony Store config etc.
People & Development
- Develop Self & Team through necessary training
- Train Front End Staff on Products/features and unique proposition
Trend Analysis & forecasting
- Forecasting future trends and communicating the same to design basis research both online & offline
Required Experience:
Director
Employment Type
Full Time
