This role is with Landmark Group's Centrepoint Ecommerce team (www.centrepointstores.com)
Main Purpose of the Role:
- To own and lead department's sales forecasting and demand management across GCC markets.
Key Responsibilities:
Forecasting & Planning
- Review and analyse sales trends. Research demand drivers. Develop statistical planning models and implement & review results
- Create rolling 12 month forecast plan, on monthyl basis to build up future stock levels
- Based on forecast, calculate the stock requirement and manage purchases accordingly
- Plan & monitor replenishment across territories by establishing replenishment parameters
- Monitoring ageing stock level and building liquidating strategy with Buying team
- Collaborate with the Buying and relevant business leads to resolve out of stock or stock shortage situations
Inventory Stock Optimization
- Ensure optimum category inventory levels are maintained at Concept/Territory keeping in mind sale requirements as well as working capital constraints
- Ensure that no instances of category stock outs occur on account of any discrepancy on part of merchandise planning
Stock Coordination
- Supervise stock transfers and reconciliation
- Ensure processes in place as well as track adherence for all stock movement with suppliers & warehouse
Merchandise Planning & Replenishment
- Track and drive category P&Ls to monitor top line and profitability goals
- Analyze sales trends and product life cycles, use data to identify and prioritize opportunities
- Work closely with Buying teams to identify bestsellers and iterate best sellers to maximize the product sales
- Prepare and maintain department/category merchandise MIS analytics based on actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs etc
Margin & Pricing Optimization
- Devise a comprehensive pricing/ discount strategy and roadmap to maximize sell through by working closely with the buying and category teams
- Maintenance of Price Sheets and suggesting category wise pricing basis sales aging & margin
- Custodian of day-to-day Price/Margin of the products
- Collaborate with category team to propose and finalize suitable promotion strategies while continually monitoring competitor efforts, to drive in season trade, provide inputs for promotional activity
Skills and Capabilities:
- Good Knowledge of Fashion buying for Ecom organization
- Management of P & L
- Advanced level of Excel is mandatory
- Strong mathematical and statistical knowledge
- Result orientation - confident
- Proficiency in English
Education & Experience:
- Minimum 5 to 7 years of relevant experience in demand planning and forecasting. Preferably in a multi-branded environment
- Engineering or Statistics Graduate
- MBA from Tier 1 college, or Post Graduation from NIFT
- Prior experience at Ecommerce Companies like Myntra, Flipkart, Cloudtail
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