Deputy Manager - Planning (Budgeting & Forecasting)

1. Forecasting and Planning:

o Analyze sales figures, customer reactions, and market trends to anticipate product needs.

o Develop and implement merchandise plans, budgets, and strategies that align with the company’s financial goals.

o Forecast sales and stock needs based on historical sales data, market trends, and promotional events.

2. Inventory Management:

o Manage and maintain inventory levels, ensuring optimal stock levels to meet customer demand without overstocking or understocking.

o Monitor inventory flow and make buying recommendations that align with customer demand.

3. Collaboration:

o Work closely with buyers, suppliers, distributors, and analysts to negotiate prices, quantities, and delivery time-scales.

o Coordinate with the marketing department to determine promotional activities and clearance sales.

4. Financial Reporting:

o Incorporate financial reporting and budget requirements into merchandise plans and recommendations.

o Set financial targets and manage open-to-buy budgets to ensure the company’s financial goals are met.

5. Data Analysis:

o Review historical data and forecast trends to determine the volume, allocation, and distribution of merchandise.

o Use systematic methods and tools to monitor stock-to-sale ratios and sales trend data.

Experience : 4 to 8 Years

Education : Minimum qualification – Graduation in fashion Retail Management / Fashion Management Institute.

Key Skills and Attributes:

• Ability to work on own initiative with minimal supervision, an organized and thorough approach to work
• Good analytical skills
• Strong reporting, high on team spirits and prioritizing skills
• Good organizational, self-management and goal setting skills
• Ability to manage a heavy workload and at times conflicting priorities as well as tracking progress on a wide range of tasks
• Relevant experience at a senior level from a value retail background and product knowledge will be added advantage