Plans pre-season and maintains in-season data (for example, sales, profits, stock keeping units (SKUs), inventory) for complex categories by collaborating with merchants to ensure assortment planning is in accordance with the merchandise calendar; partnering with Replenishment to develop inventory plans; ensuring inventory forecasts are current and accurate; partnering with merchants and Replenishment to present short-and long-term planning activities and financial forecasts; producing and communicating sell-through and item indexing; identifying and addressing liability issues (for example, product sell-through, markdowns, inventory) that may affect financial plans; and developing plans for high-risk merchandise.
Drives assortment and feature planning by using assortment management process, systems (for example, Assortment Management System (AMS)) and tools to drive efficiency; working collaboratively with the buyer, replenishment manager, and clustering manager to ensure all input is accurate; managing assortment planning projects to ensure they are executed in accordance with merchandise reset calendar for complex categories; and ensuring assortment plan reconciles with the financial plan.
Executes planning calendars for complex categories by driving key stakeholder accountability for achieving deadlines; making presentations in plan review meetings; evaluating and discussing historical performance in category financial action meetings; and providing clear item plans for line reviews.
Develops and influences category financial forecasting and profit and loss (P&L) records for complex merchandise categories by forecasting key financial metrics; calculating annual, monthly, weekly, and daily financial projections and adjusting them based on actual results; conducting financial analysis and preparing reports (for example, two-year historical sales trends, seasonality charts) to understand and explain business trends and performance; preparing and analyzing new item and merchandise line financial reviews (for example, forecasted category assortment, modular financial performance); and providing insight on how key input is used in inventory and margin forecasts, decision-making, and month-end recaps.
Creates and executes financial plans for complex merchandise categories by building partnerships with cross-functional specialists (for example, Merchandising, Replenishment); preparing, revising, and executing subcategory and unit level budgets (for example, sales, markdowns, receipts), seasonal buy plans, and line review financials; creating strategic plans and quantity decisions that maximize budgeted goals for sales, profit, stock keeping units (SKUs ), and inventory performance; determining item and club feature quantities; conducting analysis to identify business drivers and levers; communicating plans to key stakeholders; and participating in planning and open-to-buy meetings.
Leverages expertise in financial planning to drive the execution of financial strategies and key event plans for complex merchandise categories that may involve multiple resets, product volatility and increased financial risks by collaborating with buyers and suppliers to determine product needs; assessing the impact of key variables (for example, seasonal events, assortment mix, market dynamics) on subcategory performance; evaluating and mitigating exposure to risk that may impact the bottom line; designing and interpreting category strategies and making recommendations to influence strategic decisions; reviewing, analyzing, and ensuring the assortment mix aligns with financial goals of the category; reconciling financial results of assortment changes; analyzing financial forecasts and comparing them to actual results; and identifying discrepancies in financial results and formulating actionable plans to correct discrepancies.
Minimum Qualifications...Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Minimum Qualifications: Bachelor’s degree in Business, Finance, Accounting, Retail Management, Economics, Business Management, or related field and 2 years' experience in merchandise planning, category management, buying, replenishment, finance, or related field OR 3 years' experience in merchandise planning, category management, buying, replenishment, finance, or related field.
Preferred Qualifications...Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
Finance/Accounting, Merchandise Planning, Merchandising, Microsoft Office, Replenishment, Retail Operations, Sam's Club, Walmart
Masters: Accounting, Masters: Business, Masters: Economics, Masters: Finance, Masters: Retail Management