Job Purpose
The Merchandise Planning Analyst supports the Merchandise
Planning Manager by analyzing data to inform assortment plans, monitor
inventory levels, and contribute to financial forecasting.
Responsibilities &
Duties
Data Analysis and
Strategic Reporting:
· Perform deep-dive sales and
inventory analysis to identify trends, customer behaviors, and potential growth
opportunities.
· Generate, maintain, and refine
weekly, monthly, and ad-hoc reports for inventory levels, sell-through rates,
and financial performance.
· Work collaboratively with the
planning team to prepare high-impact performance reports and presentations for
senior leadership, offering strategic recommendations based on data.
Inventory Management and
Optimization:
- Actively
monitor and evaluate inventory levels across all product lines, assisting
in the timely identification of replenishment needs to prevent stock-outs
or overages.
- Conduct
regular inventory audits and reconcile data discrepancies, ensuring high
data accuracy and alignment with financial goals.
- Assist in
formulating and implementing strategic inventory allocation plans to
enhance product availability, customer satisfaction, and margin
perform
- Financial Forecasting and
Assortment Planning Support:
- Collaborate
with the Merchandise Planning Manager to develop and refine financial
forecasts, leveraging historical data, market trends, and seasonal
projections.
- Utilize
forecasting models and planning tools to support sales projections and
inventory needs, ensuring a balanced product mix aligned with business
goals.
Market Research and
Competitive Insights:
- Conduct
ongoing competitor analysis, examining factors such as product mix,
pricing strategies, and market positioning to refine assortment and sales
strategies.
- Research
and report on emerging fashion trends, seasonal demands, and customer
preferences to contribute to trend-responsive assortment planning.
- Engage in
customer feedback initiatives, gathering insights to inform assortment
offerings and support decisions that align with evolving consumer
expectations.