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Director, Merchandise Planning
Bolingbrook, IL
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Job Description Develops and segments divisional financial plans & forecasts for sales, GM & inventory.
Collaborates with Vice Presidents, Divisional Merchandise Managers, and Buyers to ensure purchases fit within receipt plan and will deliver the required sales volume.
Oversee the execution of best in class allocation strategies to include inventory planning and forecasting.
Responsible for benchmarking and forecasting trends & buying habits.
Works with Merchandising Management to evaluate past and current product performance in order to develop merchandise strategy.
Quantify risk/opportunity and provide appropriate recommendations to deliver overall company financial objectives.
Evaluates actual results against plan. Identifies opportunities to increase sales and reduce markdown liability and recommends appropriate action.
Work with Supply Chain to optimize inventory movement. Develop strategies to improve network, flow, turn and lower costs.
Leads Merchant organization through monthly forecast process to accurately assess the current state of the business and provide accurate future forecasts.
Identifies opportunities for SKU rationalization.
Collaborates with Vice Presidents, Divisional Merchandising Managers to reconcile OTB issues.
Responsible for adjusting forecasts based on actual performance and provide recommendations and options with respect to lifecycle management, exit strategies and clearance inventory liquidation.
Minimum Requirements
Bachelor’s Degree required.
Minimum 8-12 years of progressive experience overseeing planning in a retail environment with a high growth retailer. Most recently at a Senior Manager or Director level.
Proven history of owning/driving results
Strong business and financial analysis skills. Solid understanding of financial measurements including sales, gross margin, inventory turn and how to impact them.
Strong retail math acumen, including elements of markup, margin planning, open-to-buy, inventory productivity measures (WOS, T/O, GMROI).
Experience directly managing people and their performance. Ability to adapt, change priorities and prioritize workloads to meet deadlines.
Strong communication and presentation skills; extensive exposure to Senior Leadership.
Ability to build a business case and articulate financial concepts to non-financial business partners in a clear and concise manner.
Advanced computer skills to include MS Word, Excel, Power Point and Outlook.
JDA experience or equivalent planning platform preferred.
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Experience Required 8 plus years exp
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Last Update February 02, 2012
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