• Develop and maintain optimal inventory levels based on sales forecasts, historical data, and demand trends.
• Coordinate with purchasing and supply chain teams to ensure timely product availability and minimize stockouts or overstock situations.
• Monitor stock levels, set reorder points, and create replenishment plans that align with sales cycles and promotional events.
• Ensure the right product assortment and quantities are maintained at different stages of the product lifecycle to avoid overstock and stockouts.
• Establish reorder points and manage order quantities to optimize stock levels, ensuring timely product availability for customer demand.
• Monitor stock turnover rates, inventory aging, and obsolete stock to minimize carrying costs and prevent markdowns.

Ø Sales Analysis:

• Analyze sales data regularly to identify trends, high-performing products, and potential risks in inventory levels.
• Provide insights on product performance, seasonality, and customer demand to help guide assortment and purchasing decisions.
• Generate reports and dashboards to present data on sales, inventory, and trends to relevant stakeholders.

Ø Open-to-Buy (OTB) Management:

• Manage OTB budgets to ensure alignment with inventory needs and financial goals.
• Monitor OTB throughout the buying and sales cycles, adjusting plans to prevent over- or under-purchasing.
• Collaborate with the finance team to align OTB plans with overall budget forecasts and financial objectives.
• Plan and allocate OTB by season, factoring in lead times, sales forecasts, and inventory turnover goals.
• Regularly adjust OTB plans based on actual sales performance and inventory levels, optimizing purchasing to maintain profitability.

Ø Discount and Margin Analysis:

• Conduct margin analysis to ensure pricing and discount strategies are profitable and meet the company’s financial targets.
• Set pricing strategies to achieve targeted margins, balancing discounts and promotions with profitability.
• Review and analyze product margins regularly, making data-driven recommendations to maximize profitability and minimize markdowns.
• Develop markdown strategies for end-of-season and slow-moving products, working with sales and merchandising teams to execute effective discount plans.
• Evaluate the impact of discounts and promotions on sales, profit margins, and inventory levels, and adjust strategies accordingly.

Ø Sales and Discount Planning:

• Collaborate with sales and marketing teams to create seasonal and promotional sales plans that maximize revenue and maintain brand value.
• Set discount and promotional strategies to drive sales and manage excess inventory effectively.
• Track and evaluate the effectiveness of discount and promotional campaigns to ensure alignment with margin and sales targets.
• Create sales forecasts for promotional periods, incorporating past performance, seasonality, and campaign objectives.

JOB REQUIREMENTS:

• Bachelor’s degree in Business, Supply Chain Management, or related field.
• 3 to 5 years of experience in inventory planning, sales analysis, merchandising, and financial planning.
• Proficiency in Microsoft Excel, ERP systems, data analysis tools and inventory management software.
• Strong analytical skills with expertise in inventory and sales data interpretation in addition to discount and margin planning.
  Job Type: Full-tim

Please refer the Job description for details