JOB DESCRIPTION / ROLE
Responsible for providing support in formulating the planning strategies, and in season management of assortments and inventory level for brand/category.
Core Responsibilities:
• Prepares brand/category MIS analytics based on actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs etc.
• Collects sales figures of stores and prepare periodic reports to analyze sales performance per product per store
• Maintains and analysis information on brand/category sales history, stock budget, current inventory level, and prepares sales forecast by brand/category and season to ensure quarterly ‘open-to-buy’ figures are calculated for each store
• Monitors brand/category plans based on insights gained from store analytics, customer preference, historical trends and future outlook projected by the Buying team
• Coordinates with the buying team to for necessary execution and ensures effective in season management across retails stores/areas (stock balancing, markdown management, stock analysis, stock vs sales performance)
• Keep abreast of the latest trends in planning to assess alignment/realignment of existing processes
• Prepares capacity plan and control inventories at each store; tracks and monitors inventory levels for each brand/category, keeping in mind store requirements as well as working capital constraints
• Ensures that no instances of stock outs occur on account of any discrepancy on part of planning
• Ensures excess inventory is not maintained at the warehouses or the stores and there is proper adherence to the GMG policies and procedures
• Ensures proper coordination with the store managers and distribution centers to ensure that the goods are delivered to respective stores as per the requested quantities and agreed timelines
• Ensures identification of obsolete/slow moving stock and obtain management approval on markdowns and product discounts to ensure stock is liquidated as per retail /brand SOP guidelines
• Prepares variance analysis reports pf stocks and sales against budgeted figures, identify brand/category growth opportunities to minimize down trending business
• Monitors and sets targets by brand/category for GMROII and densities to increase profitability
REQUIREMENTS
• Bachelor’s degree in Business Management, Buying and Merchandising or its equivalent
• A minimum of 2-3 years of relevant experience
• Background in Fashion retail is a must
• Proficient in oral and written English skills
ABOUT THE COMPANY
Established in 1978, by the Baker family who still own and manage the company today, Gulf Marketing Group is one of the Middle East's leading, family owned companies. Gulf Marketing Group operates regionally, across the GCC and boasts a diverse portfolio of brands, retail outlets and services. Gulf Marketing Group subsidiaries operate in key sectors such as retail and distribution of sporting goods and lifestyle brands, health and fitness, food and food processing, integrated 3PL logistics, real estate, healthcare and pharmacies, education and technology. Since 1978, Gulf Marketing Group has introduced more than 90 international brands into the Middle East, as well as building the reputation of our homegrown brands as reliable and quality driven companies.
We are proud to be one of the top 10 retailers in the Gulf region with:
- More than three decades experience managing international brands in local environments
- A prestigious portfolio of world class brand partners
- Anchor tenancy in all major GCC shopping malls
- A proven track record of securing exclusive retail and distributor agreements
- An experienced management team
- Strong customer relationships
