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Senior Merchandise Planner

Job title: Senior Merchandise Planner
Contract type: Full-time
Location: New York City, NY
Discipline: Beauty
Remote: No
Reference: 404483
Contact name: Nora Gillern
Job Published: January 01, 1970

Job description

The Senior Merchandise Planner is responsible for analyzing sales trends, identifying sales opportunities and communicating risk-mitigating recommendations across three Company Owned channels (ecom and retail.) This role will create and manage sales financial plans at a category and SKU level that focus on maximizing profitability while aligning with company goals, sales channel trends and customer expectations. The Senior Merchandise Planner must be a strong collaborator and will work closely with key internal stakeholders which include Owned channel merchants, Demand & Supply Planning, U.S. Marketing, Boutique field teams, and Fulfillment.

 

Senior Merchandise Planner Responsibilities 

Sales Planning/Forecasting

• Prepare and align on channel category plan that includes core, NPD, set, and holiday business by applying detailed knowledge of business and customer, brand strategy and category/SKU analytics.

• Create all merchandise plans including Retail and Gross Sales Plans.

• Partner with merchants on monthly forecasts inclusive of key commercial insights (door/space change, promotional programs, assortment edits) to support demand and supply planning reviews.

• Evaluate NPD benchmarks against marketing strategies and provide NPD forecasts that align with channel sales trend to supply chain as part of monthly Open-to-buy process.

• Develop daily/weekly/monthly sales plans in partnership with merchant team that includes analysis of historical data to forecast trends.

 

Analytics/Reporting

• Provide weekly reporting and analysis at the category/sub-category inclusive of new launches and promotions to inform business results, reforecast projections, capture sales opportunities, identify risks, and align on inventory strategies.

• Analyze weekly/monthly performance including sales, margin, inventory turns against plan and forecast.

• Partner with merchant and allocation manager to ensure assortment, including width and depth of product supports merchandise plans.

• Weekly review of Service Levels and evaluate any lost sales or SKUs with low WOS; address any issues and elevate if needed.

• Create bottoms up retail sales plan by category/sub-category to inform quarterly sales forecasting process.

• Participate in consensus planning with demand planning to improve demand plan accuracy; collaborate to drive to "one number" sales plan.

 

Ecommerce Warehouse Inventory Oversight

• Review monthly replenishment order generated by Supply Chain planner and make any necessary changes.

• Ensure there is sufficient inventory at warehouse to support upcoming promotions.

• Track inventory availability at corporate warehouse and transfer inventory to ecommerce warehouse once available.

• Review performance of NPD and work with Supply Chain and Allocation to transfer additional inventory if needed.

• Review inventory and work to maintain appropriate inventory balance across multiple warehouse locations.

• Troubleshoot issues with warehouse, Supply Chain and Customer Service.

 

Senior Merchandise Planner Qualifications:

• Minimum 5-7 years’ experience in merchandise inventory planning.

• Bachelor‘s Degree or equivalent experience

• Strong planning and analytical acumen; ability to advocate for and develop planning best practices.

• Proficient in Excel.

• Excellent understanding of retail math and knowledge of inventory models and KPIs (turn, WOS) and retail supply chain.

• Familiarity with forecasting and replenishment planning tools and systems.

• Multi-Channel or Direct-to-consumer channel experience preferred.

• Ability to work effectively in a team environment, and as an individual contributor.

• Strong communication and project management skills are required

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