Merchandise Planner - Apparel & Accessories
OuterknownPOSITION DESCRIPTION Title & Reporting Relationships Position Title: Merchandise Planner – Apparel & Accessories Reports to: Director – Planning & Retail Department: Operations Oversees: N/A Interactions: Merchandising, Ecommerce, Retail, Wholesale, Finance Main Purpose and Major Challenges of the Role The Merchandise Planner is responsible for driving sales and profit by managing product assortments, inventory and pricing, using data analysis to forecast demand, optimize online/direct to consumer presentation and wholesale availability to ensure the right products are available at the right time to support the company's financial goals. The Merchandise Planner will primarily focus on maximizing inventory turn and margin, analyzing trends, and adapting to fast paced digital demand signals. This role reports to the Director – Planning & Retail and will be highly cross-functional, partnering with Merchandising and Channel Owners by bringing strategic and analytical insights to influence the brand’s strategy and vision. ACCOUNTABILITY: DEMAND & INVENTORY PLANNING Demand Planning Manage in-season forecasting to meet or exceed key performance indicators, including sales, margins, and inventory health, balances, age/turns, and weeks of supply. Maintain models and forecasting techniques to improve demand accuracy. Ensure demand forecasts incorporate historical data, business inputs, and market trends. Collaborate with each sales channel (Ecommerce, Wholesale and Retail), merchandising, marketing, supply chain, operations and finance to drive alignment on forecasts, 3PL capacity and inventory planning. Responsible for the aggregation of data across channels for initial projections and pre- and post-market margin roll out. Partner with Director of Planning & Retail to develop and build standardized reports to perform in-season selling analysis and post season hind-sighting. Inventory Planning Ensure forecasting objectives are achieved, review potential risks/opportunities between the demand plan and financial plan, and collaborate cross functionally to mitigate and reduce inventory risk Analyze inventory levels, turnover rates, and sell-through data to identify potential stockouts, overstock situations, and slow-moving items. Monitor and adjust model stock levels as needed to ensure adequate inventory availability. Review sales forecasts and current orders to assess inventory status and upcoming production needs Evaluate inventory aging and recommend price action based on WOS/sell-thru and seasonality to project/select permanent markdowns. Monitor and manage inventory levels weekly to ensure optimal stock availability. Optimize stock levels and develop/maintain replenishment strategies to balance sales goals with inventory costs. Develop size curve analysis to better purchase in-season and pre-season inventory and avoid out of stocks ACCOUNTABILITY: MERCHANDISE PLANNING Merchandise Planning Collaborate on aligning inventory with product launches and seasonal trends. Partner with Product Operations to ensure product availability meets merchandising strategies and promotional plans. Partner with Merchandising to develop Sku plan guidance to drive Sku productivity on quarterly/seasonal basis and eliminate unproductive Skus Analyze the business on an on-going basis to understand core drivers; identify opportunities and risks and partner with Merchandising and Product Operations to respond appropriately Present qualitative and quantitative hind sighting for Merchandising team’s quarterly business reviews and senior management meetings; identify product and delivery flow risks and cross-division opportunities Style Master Management Responsible for inventory data integrity through accurate style master set up and maintenance in company ERP, Full Circle. Work closely with Ecommerce team to ensure Shopify style master aligns with ERP. Partner with Merchandising and Product Operations to ensure all in season item, …