Merchandise Planner

47brand

Merchandise Planner

The Merchandise Planner is responsible for creating, maintaining, and managing forecasts at multiple levels of aggregation. Forecasts are developed incorporating statistical calculations and inputs from the customer, sales, and other sources as it relates to volumes, seasonality, and product mix.

Basic Functions

Develop demand forecasts (operational forecasts) for business areas as directed
Review historical sales trends, research demand drivers, prepare forecast data, develop statistical forecast models and evaluate forecast results
Interact with sales, marketing, and customers to understand demand forecast drivers
Utilize a collaborative and consensus approach to obtain and ensure that current and accurate information is used for demand forecasts
Maintain inventory targets by product category and customer, while ensuring supply is adjusted monthly to support inventory goals

Job Functions

Create statistical forecasts for seasonal selling and replenishment programs
- Gather, analyze and validate data
- Review resulting statistical forecast model
- Apply error analysis techniques to improve forecasting
Review sales plan, customer forecast and demand drivers
- Review promotional plans with sales
- Review and maintain customer provided forecast data against the base statistical forecast to identify opportunities for forecast improvement
- Provide data insights for product and creative teams
Achieve consensus for operational demand forecasts by facilitating a collaborative planning process with sales, marketing and customers
- Prepare relevant material to facilitate research and discussion
- Support and participate in Sales and Operations Planning meetings
Monitor and analyze sales reports for internal B2B site
- Monitor trends in seasonality and promotional opportunities
- Analyze weekly sales reports, historical movement and seasonality/trends to analyze accounts and make recommendations for wholesale stock buys.
Prepare and maintain relevant reports pertaining to demand planning, including regular forecasts for factories and distribution centers
Work with management to forecast replenishment and ensure proper inventory levels are met to meet wholesale customers' forecasts
Minimize aging inventory and work with sales reps to develop plans to sell through aging inventory

*Other Duties and Responsibilities as Directed

Qualifications

Bachelor's degree
3-5 plus years' experience in Demand Planning, Replenishment Planning, Forecasting, Merchandising, or Sales Planning
Strong analytical, organizational and decision-making skills
Strong Presentation skills
Strong interpersonal skills are essential to effectively interact with all teams, area and levels of business affecting the forecast process
Proficiency in statistics, forecasting, and forecasting methods with an understanding of financial and operational impacts
Advanced excel user
B2B experience is a plus
APICS/IBF Certification a plus

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Vacancy posted 1 day ago

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