Job Description
Strategize, plan and execute a balanced profitable assortment in collaboration with the buyer and location planner, based on historical, trend and customer/store analysis in line with the Company's strategy.
Responsibilities
- Ensure that orders are placed within specific time lines and with strategic suppliers in order to meet demand as predetermined in the strategy and review process.
- Review and adapt PIS (Put into stock) based on external factors (supplier issues, DC issues etc.).
- In reaction to current trade and customer demand, adjust forward order book and address poor performing stock through markdowns.
- Drive the growth and profitability of your department through increasing sales by analyzing proposed growth opportunities, testing category extensions and understanding competitors (through comp shops), with our customer in mind.
- Develop a seasonal product strategy for your department, in line with company strategy (considering post-mortem analyses, PMO (Price Mark On) targets, test money, OTB (Open to Buy), budgets, pricing strategies, supplier strategies, marketing and digital, etc.) in order to achieve department targets
- Develop a strategic assortment for the department (considering sub cats, planned promotions, volume opportunities, store profiles, optimums, price-point plan, replenishment etc.) in line with company and seasonal strategies in order to meet department review plan targets.
- Consistently monitor and react to current trade by analyzing product and store performance for your department and make appropriate trade decisions (including stock and order book management, actioning markdowns, promotional activity, supplier negotiations for cancellations and discounts) in order to potentialize sales.
Education
Degree or NQF Level 6 / Diploma
Experience
3 Years retail planning experience
Knowledge/Skills
- Commercial acumen
- Economic understanding of supply and demand
- Retail market and industry knowledge
- Numerical skills
- Effective Communication skills (verbal and written)
- Negotiation skills
- Proficiency in MS Office Applications
- Conflict management
- Analytical skills
- Business understanding of Milady's business processes, MRPG Systems and BI and the Milady's customer.
Mr Price Group Limited is an equal opportunity employer and is committed to Employment Equity.
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