Job Posting for Merchandise Planning Manager at Palmetto Moon
THIS POSITION IS NOT REMOTE
The Merchandise Planning Manager is responsible the creation and development of seasonal merchandising strategies and product plans, forecasting for future merchandise buys based on history, trend and current inventory levels.
Duties/Responsibilities:
Manage inventory plans from investment through allocation, including ongoing evaluation and updates
Participate in the development of weekly, monthly, seasonal and annual merchandise plans
Develop and communicate comprehensive department financial and product strategies
Manage monthly department level open to buy
Run and analyze reports in order to react to current business trends as well as anticipate future business trends
Analyze historic performance and planned strategies to identify areas of opportunity or risk
Create new store opening assortment and sales plans
Develop and maintain stores’ assortment for improved sales and inventory efficiency
Partner with Merchant teams to size and forecast product and profit components
Establish and maintain accurate demand forecasts and execute/manage product and promotional changes
Actively participate in assortment development and review, providing data and analysis to support decision making
Collaborate on best strategies to address product liabilities and develop action plans to liquidate in a timely and profitable manner
Partner with Merchant teams to implement consistent and profitable replenishment strategies and practices
Work with Allocation team to maximize inventory balance within the stores as well as ensuring stock levels on promotional merchandise
Develop department mitigation plans and execute when appropriate
Develop, maintain and update tools, reports, etc. to support the needs of the business
Qualifications/Required Skills
Analytical Skills: Ability to think objectively and interpret meaningful conclusions from quantitative and qualitative data
Financial and Business Acumen: Ability to evaluate financial and business indicators and translate data into actionable information to drive results
Problem Solving and Decision Quality: Able to use rigorous logic and methods to solve problems with effective solutions
Strong verbal and written communication skills
Wizard-level Excel skills
Bachelor’s degree or equivalent experience
Five years in Retail Merchandise Planning, or a related role (e.g. business analytics, forecasting)
Salary.com Estimation for Merchandise Planning Manager in Charleston, SC
$109,478 to $154,430
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