What are the responsibilities and job description for the Merchandise Planner position at Backcountry?
JOB OVERVIEW:
This position requires excellent analytical skills, retail or ecommerce business experience, and the ability to work well independently and with a team. This role is diverse and dynamic. The Merchandise Planner works closely with the Merchandising Teams and is responsible for creating open-to-buy merchandise plans and managing appropriate inventory levels. This includes but is not limited to analyzing sales data, forecasting demand, managing inventory levels, margin and pricing recommendations, and other in-depth business analytics.
ESSENTIAL DUTIES & RESPONSIBILITIES:
Develop merchandise plans: Create comprehensive merchandise plans that align with company goals, sales targets, and market trends for multiple product categories
Manage Open-to-Buy meetings and monthly reviews with senior leadership
Forecast demand: Utilize historical data, market trends, and customer insights to accurately forecast sales, inventory needs, and replenishment strategies
Inventory management: Monitor inventory levels, analyze sell-through rates, and recommend appropriate actions to both increase and decrease on order quantities to optimize sales and inventory turnover while minimizing stock-outs and overstock situations
Financial analysis: Conduct regular analysis of sales performance, margin trends, and product profitability to identify opportunities and risks, and provide actionable recommendations to senior management
Manage the financial success of a division(s) by meeting sales, margin, and inventory turn goals
Ensure structured reporting deliverables are met, evaluating reports for accuracy, performance efficiency, and standardized best practices
Able to analyze business and find actionable data and present findings in a clear and concise manner
Exhibits initiative to look beyond the everyday business to look for opportunities to maximize sales potentials
Perform all other duties as assigned
QUALIFICATIONS, SKILLS & ABILITIES:
3 years Assortment/Demand/Merchandise planning experience preferred, including 2 years in a retail ecommerce environment. Softgoods experience is a plus.
Bachelor’s Degree or equivalent work experience
Demonstrate strong analytical and problem solving skills: exceptional aptitude with numbers; retail math skills
Able to develop and maintain strong working relationships and communicate well with peers and cross-functional teams; identifies/influences critical stakeholders
Exceptional communication and presentation skills. Concisely presents complex information/recommendations in terms meaningful to various audiences
Charismatic team player that exhibits excellent “team work” abilities
Flexible and adaptive to changing priorities
Able to perform under pressure, organize and prioritize workload to meet deadlines
High level of proficiency with Microsoft Excel and strong aptitude to learn technical applications quickly
Excellent written and verbal communication skills
Knowledge of demand planning, allocation, and forecasting system is a plus
Ability to advance to high levels of computer literacy; exposure to relevant planning, finance, analytical, data management systems
Experience planning a mixed brand business is preferred