Principal Associate

1 week ago

Bengaluru, Karnataka, India Myntra Full time ₹ 12,00,000 - ₹ 36,00,000 per year

About the Role:

The proposed role is for category planning for M-Now business . The role entails managing inventory and retail budgets (including OTB, densities, inventory health, and sell-through) to ensure timely stock deliveries aligned with approved capacity plans and store profiles to meet sales targets. Additionally, it involves effective brand/category planning and in-season management of assortments and inventory levels. The planning lead will work with the category team & sales team to drive key merchandising and strategic decisions that influence the category P&L

Responsibilities: -

Category planner will be responsible for category specific planning activities on the following levels Annual / Long term plans - Preparation of AOP (annual operating plan), Creation of assortment plans and brand seasonal buys

  • Monthly / Short term plans - Monthly target setting, inwards capacity allocation, OTB management in coordination with finance and category team

-Reporting & KPI management - Tracking category s key metrics - Top Seller Availability, STR, DOH, Ageing

-Allocation Planning: Collaborate with the Buying teams to develop allocation plans based on product demand, store performance, and seasonality.

-Stock Distribution: Allocate merchandise to stores based on sales forecasts, customer preferences, and product availability.

  • Replenishment Management: Monitor inventory levels and initiate replenishment orders to always maintain appropriate stock levels. - Closely work with central planning & supply chain team for inwards/storage capacities across warehouses - Ensure optimum inventory placement across different fulfillment centers

  • Liquidation of aged and slow-moving inventory

  • Drive projects and initiatives to streamline process and increase process efficiency

  • Weekly/monthly/season performance review and analytics support to category managers

  • Autonomously drive and iterate on key analyses to uncover insights leveraging existing and new information sources

  • Bring together insights to develop well-rounded recommendations and help communicate them effectively

  • Manage stakeholder expectations, communicate effectively.

  • Provide mentorship and guidance to the team, fostering an inspiring environment characterized by open communication.

What we are looking for: Skills Required: - Strong problem-solving ability - The ideal candidate should demonstrate structured thinking, robust analytical skills, and a strong orientation towards processes.

  • Strong in Data analytics -Should be highly proficient in Advance Excel (Must)

  • Highly Action Oriented - At Myntra, we foster a culture that values proactive action and swift implementation. The incoming candidate should demonstrate ownership of projects from conceptualization through to execution.

  • Ability to collaborate - Cultivate collaborative relationships with colleagues across departments and provide support to analysts within the team.

Education and Experience Required:

  • Professional experience in e-commerce / Retail

  • Prior experience in retail allocation, merchandising planning, inventory management

  • BE/BTech/BFTech/BDes from Tier 1 institute & with a professional experience of 4-8 years or

  • MBA from Tier 1 institute & with a professional experience of 3-7 years

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