Product Optimization Specialist

2 weeks ago

Melbourne, Victoria, Australia beBeeMerchandiser Full time $80,000 - $120,000
Job Description:

The Merchandise Planner plays a pivotal role in optimizing inventory levels, maximizing sales potential, and minimizing markdowns.

This position involves analysing sales trends, forecasting demand, and creating effective merchandise plans that drive revenue growth and profitability.

The Merchandise Planner will collaborate closely with buying, marketing, retail, e-commerce, and supply chain teams to ensure timely product availability and seamless execution.

  • Develop and maintain merchandise plans by category, style, and department, ensuring alignment with business objectives and sales targets.
  • Analyse historical sales data, current trends, and seasonality to forecast demand and recommend replenishment strategies.
  • Collaborate with buyers to ensure the appropriate product assortments are selected to meet customer preferences and maximize sales potential.
  • Monitor inventory levels across channels and locations, ensuring optimal stock levels and reducing out-of-stock situations.
  • Work with the supply chain team to optimize stock flow and manage lead times to ensure timely product availability.
  • Coordinate with the warehouse and logistics teams to support inventory management and delivery schedules.
  • Regularly review sales performance against targets and adjust plans accordingly to meet or exceed objectives.
  • Provide detailed reporting on product performance, markdowns, stock turn, and other key metrics.
  • Identify and analyse trends in customer demand, recommending adjustments to inventory plans and promotions.
  • Work cross-functionally with buying, marketing, and merchandising teams to align strategies and ensure seamless product execution.
  • Communicate regularly with vendors and suppliers to monitor product availability and ensure timely deliveries.
  • Presents merchandise plans and performance reports to senior leadership as needed.
  • Manage and adhere to merchandise budgets, ensuring that sales, margin, and inventory targets are met.
  • Collaborate with the finance team to ensure pricing strategies are aligned with financial goals and profitability objectives.

For this role, we require 3+ years of experience in merchandise planning or related fields, preferably in fashion and retail. Strong analytical skills and the ability to interpret complex data and trends are essential. Excellent communication and collaboration skills are also required. Proficiency in Microsoft Excel (advanced skills required) and experience with merchandise planning software are necessary.

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