Head of Retail Planning

5 - 9 years

0 Lacs

Posted:1 week ago| Platform: Shine logo

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Work Mode

On-site

Job Type

Full Time

Job Description

As the Head of Retail Planning, you will play a vital role in leading the retail planning function to enhance sales growth, optimize inventory, and increase profitability across all retail channels. Your primary responsibility will involve crafting and executing strategic sales and inventory plans, alongside forecasting demand. It is essential to foster strong collaboration with merchandising, supply chain, and finance teams to ensure that these plans are in alignment with the overarching business objectives. Your key responsibilities will include: Leading and supervising the retail planning team to deliver precise sales forecasts and inventory plans. Implementing OTB (Open-to-Buy) planning strategies to effectively manage stock levels, minimize markdowns, and boost sell-through rates. Working closely with merchandising, buying, supply chain, and marketing departments to synchronize inventory with sales and promotional strategies. Utilizing historical sales data, market trends, and customer insights to enhance forecasting accuracy. Monitoring and assessing key performance indicators (KPIs) like sales targets, stock turn, sell-through, and gross margin. Supervising inventory replenishment procedures and ensuring timely allocation of stock across retail outlets and channels. Providing regular reports and insights to senior management to support decision-making processes. Managing budgets and financial planning pertaining to retail inventory and sales. Driving continuous improvement initiatives to optimize planning tools, processes, and systems. Mentoring and developing the planning team members to enhance their capabilities and performance. Your role will be instrumental in shaping the success of the retail planning function, and your strategic contributions will directly impact the company's overall performance and profitability.,

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