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Online Merchandise Planner

Job title: Online Merchandise Planner
Contract type: Freelance
Location: New York
Discipline: Marketing
Remote: Yes
Reference: 411723
Contact name: Monica Cheng
Job Published: January 01, 1970

Job description

Job Summary

Our client, a beauty company, is looking for an Online Merchandise Planner. The Online Merchandise Planner is responsible for driving the business through strategic merchandise planning, controlled inventory management, actionable reporting and insightful analysis. This position will develop and lead the execution of the brand merchandise financial plans for E-Commerce including sales, product margin, receipts, and inventory. The planner will lead the seasonal merchandise planning process which requires analyzing current business trend, market data, historical data, and recommending strategies, course corrections and improvements based on these assessments. The planner works together with their ecommerce team counterparts and plays a critical role in achieving sales targets by ensuring overall merchandising support for 5 or more brands.

 

Responsibilities

Forecasting / OTB – 50%

· Manage the monthly replenishment forecasts for basic products at the sku level ensuring a never out of stock strategy through strong forecast accuracy and in-season management

· Own “bottoms up” planning by category, assortment and buy plans to achieve financial plans

· Drive detailed weekly analysis & reporting that leads to clear actions to drive the business in support of sell-through and revenue goals set for brand

· Work effectively as a member of a cross- functional department team (Merchandising/Ecommerce, Planning, & Allocation) by focusing on team objectives and communicating clearly

· Manage category monthly Open-to-Buy for DTC identifying key risks and opportunities including clear actions to drive performance in key metrics with focus on sales, margin and inventory turn

· Reforecast business in-season based on current performance, present revised projections and recommendations to cross-functional partners and senior leadership

· Partner with brands and cross-functional teams in identifying risks and capitalizing on business opportunity Collaboration with E-commerce/Marketing teams – 35%

· Work closely with Merchandising/E-commerce teams and Business Planning to identify sales opportunities through effective strategic planning and product level analysis

· Participate in pre-season strategy including robust hind-sighting as well as participate in pre-season strategy through partnership with E-commerce team

· Team with ecommerce to have in-depth knowledge of marketing programs including new launches to understand impact on sales and inventory needs

· Review inventory requirements for promotions i.e. Friends & Family, GWP, Black Friday, Cyber Monday Inventory Management – 10%

· Forecast inventory monthly to ensure proper inventory levels are maintained by consistently reviewing weeks of supply, sell thru and trend

· Plan, Manage, Communicate, and Execute Returns of Goods on discontinued items, and post-holiday items

· Identify regional stock transfers based on business needs and review out of stocks on a weekly basis Reporting – 5%

· Sales reporting

· Sell-through reporting

· Inventory reporting

· New launch SKU requirements

· Historical analysis

· SKU analysis

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