Senior Associate Planning
3 days ago
Position Summary: This role is responsible for driving demand planning, sales enablement, and inventory management for Large Format Retail (LFR), Shop-in-Shop (SIS), and Outright Distribution business.
It requires a strong analytical mindset, effective cross-functional collaboration, and a deep understanding of retail dynamics to ensure accurate forecasting, optimal stock availability, and the achievement of sales and margin targets.
Key Objectives:
Demand Planning & Sales Enablement
Demand Forecasting: Develop monthly sales targets at the store level, along with detailed day wise phasing of monthly targets for the Department Stores (i.e., Large Format Retail), Multi-Brand Regional Accounts (i.e., Shop-in-Shop)
Rolling Forecasts: Prepare monthly and quarterly rolling forecasts.
Sales Achievement: Monitor progress against sales targets and proactively adjust promotional strategies as needed. Collaborate closely with the retail sales and Trading team to identify operational gaps and implement corrective actions.
Performance Monitoring: Track daily business performance and profitability through key performance indicators (KPIs).
Promotion Planning: Plan, track, and maintain the promotion calendar; conduct post-promotion analysis.
Markdown Management: Design data-backed promotional offers that balance revenue, profitability and inventory turnover objectives. Partner with the sales team to communicate and execute in-store promotions, customize offers/promos by location and align display.
Inventory Management
Buy Budget Estimation: Estimate buy budgets for future seasons for LFR and SIS channels. Track 'Open-To-Buy' orders in the system based on the latest sales plan.
Stock Cover: Maintain optimal stock cover at stores to ensure availability and minimize overstock.
Returns Management: Estimate and track returns (both in-season and post-season) from stores to the warehouse.
Warehouse Outwards: Estimate monthly warehouse-to-store stock movements.
Plan Monthly and Yearly sales targets and estimate buy budgets for the Outright Distribution Business.
Professional Qualification/Experience:
- Postgraduate / MBA from top-tier institutes preferred (e.g., IIMs, NITIE, SPJIMR, XLRI, FMS, MDI), with a minimum of 1–2 years of work experience in data analytics, demand planning, supply chain, or retail planning.
- OR
- Graduate in Engineering from a top-tier college/university, with a minimum of 3–4 years of relevant experience in data analytics, demand planning, supply chain, or retail planning (preferably in fashion industry).
Technical Skills:
- Strong proficiency in 'Advanced Microsoft Excel' is a must.
Additional Advantage:
- Knowledge or exposure to SQL, VBA, Python, SAP, PowerBI, PowerQuery or other planning tools will be an added advantage
- Experience in the fashion retail industry is preferred.
- Interest in sports or active participation in any sport is a plus.
Key Attributes:
- Strong communication, interpersonal skills and stakeholder management
- Self-motivated and driven; able to work independently with minimal or no supervision.
- Ability to multitask and prioritize work based on business needs.
- Analytical and inquisitive mindset
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