+ NEW VACANCY +MERCHANDISE PLANNING MANAGERLeading Fashion RetailerDubaiSouth African & Indian Applicants Very Welcomevalentina@frgr.org Our client is well known retail fashion homewears & accessories brand, part of one the largest retail conglomerates in the Middle East, offering a diverse range of exclusive lifestyle solutions from fashion bags and accessories to homewears, lighting and perfumes. With numerous exclusive brands some home grown and some internationally renowned. Currently looking for a Merchandising Planning Manager for their expanding team in Dubai. JOB OVERVIEW The job holder will be responsible for maximising sales and profitability in the business by providing effective merchandise strategies, planning and in season management of assortments and inventory level. KEY RESPONSIBILITIES Merchandise Financial, Strategic and Assortment Planning · Maximize Sales and profitability for the business · Determine high-level financial goals including pre-season financial plans, in-season projections, open-to-buy management and new store budgets · Prepare and monitor 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 merchandise strategic plans around the following factors
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- Financials
- Sales, Stock , OTB, Margins, Forward Cover etc
- Store
- Subgroup 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 in Merchandise Planning and discuss the same with the Category Manager from time to time to assess alignment / realignment of existing processes Inventory Stock Optimization
- Ensure optimum inventory levels are maintained at Business/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 business/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 team for timely roll out of promotional campaigns to maintain the territory / warehouse inventory holding norms as well to achieve targeted sales
Inseason Management · Ensure effective in season management through regular analysis and action planning across business and territory based on the performance around the following anchors
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- Sales vs. Stock
- Inflows/OTB
- Stock analysis
- Stock balancing
- Margin analysis
· 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 ESSENTIAL REQUIREMENTS
- 8 – 12 years Retail experience in Merchandise Planning
- University Degree preferred but not essential
COMPENSATION & BENEFITS · Salary range will depend on experience levels and interview· As a guide 20 – 25k SAR per month base salary PLUS excellent benefits package· Benefits include Accommodation, Transport, Healthcare and more· Please note this is a guide only To apply in confidence please email your CV to valentina@frgr.org FIRST RESORT GLOBAL RECRUITMENTLeaders in Executive Level Recruitment Worldwidewww.firstresortrecruitment.com
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