Understands financial metrics inclusive of sales, margin, inventory turn, weeks of supply
Strong knowledge of business metrics (sales, margin, inventory KPIs)
Strong knowledge of market trends and ability to apply to categories planned
Strong problem solving, retail (inferred from context)
Responsibilities
Develop monthly financial plans and forecasts that align to the department strategy
Work cross-functionally with the merchant in the forecasting process to maximize sales, profit, and inventory turnover within the open to buy
Use analytics to drive the most profitable product life cycle, including end of life management
Oversee and provide direction to allocation partners to ensure the right products are available in the right retail channel at the right time
Support the creation of an optimal assortment and strategic flow plans
Build effective sales and inventory plans to drive profitability
Manage inventory productivity, including end of life activity
Identify and recognize business opportunities 1 to 6 months out by analyzing trends within the business
Partner with Buyer(s) to develop a monthly Department-level bottom-up forecast with a focus on sales, margin, and inventory targets consistent with the category strategy
Evaluate and communicate opportunities and risks, including reacting to sales trends and inventory flow, and suggesting markdowns and promotions to achieve sales, margin, and inventory objectives
Build and execute new business opportunities by measuring results and providing recommendations
Ensure department inventory plans and flow are successfully executed for new club openings
Manage Demand forecasts within JDA Demand and Fulfill to ensure order optimization
Manage article level ladder plans and build up to financial plans
Continuously look for improvements within planning and allocation systems and processes
Lead cross-functional projects, including development of scope, building timeline, execution, training, etc