Sr. Executive (Inventory) - Babyshop

Role Overview

Sr. Executive (Inventory) - Babyshop at Land Mark, responsible for inventory planning, allocation, and optimization across all stores within the territory.

Role Purpose

Maximize profit and sales densities by optimizing trading across all stores, tailoring assortments to local trading conditions, coordinating new launches, and serving as the first point of contact within planning for store issues.

Key Responsibilities

Allocations & Planning

• Execute initial allocations utilizing sales volume ranking, store clustering, territory, current planned events, and signed-off Range Plan.
• Ensure clear distinction between Initial Allocations of Fashion Product versus Continuity or NOOS Products.
• Manage Product Launch Dates based on Concept needs and Territory Feedback.
• Manage Allocations from Mega DC to RDC/Store, ensuring buffer stock is minimized without impacting Stock Availability.
• Understand the Concept Critical Path and adhere to deadlines.
• Deliver an optimized Min Max Replenishment Model using the PARX Tool.

Performance Monitoring & Analysis

• Monitor and report on Department/Style Performance.
• Perform Sales/Store Analysis to properly maintain Inventory Levels and identify Sales Trends, including communicating the action plan to the planning team.
• Manage the Location Sales Re-Forecasting Process to ensure all Locations and Classes have accurate and up-to-date forecasts.
• Analyze reports and make recommendations regarding stock distribution using forecasted sales trends.
• Complete Quarterly Post-Seasonal Analysis and Present Key Take-outs to all Stakeholders.
• Conduct Territory and Local Store Visits to remain abreast of Product Performance, Trends, and shifts in Customer Behavior.

Stakeholder Coordination

• Liaise with Territory Managers, Visual Merchandising, Demand Planning, and Buying Teams to discuss stock issues and communicate/recommend necessary action to be taken.
• Contribute to and attend Weekly Trade Meetings.
• Align with the Operations Team on New Store Option Counts and Opening Packages.

Store Operations & Assortment Management

• Manage the fulfillment of New Store Openings, Store Closures, Store Refurbishments, and Space Changes to tailor Assortments to Local Trading conditions and deliver on-time launches.
• Execute New Store Set Ups and Analysis.
• Conduct Existing Store Analysis and Clustering.

Distribution & Product Lifecycle Management

• Support Demand Planning Team in Optimizing Flow of product through the Distribution Channels.
• Ensure Stock Distribution is aligned to Trading Opportunities, including coordinating Terminal Stock Movement.
• Manage Product Life Cycle including IBTs, Markdowns, and Price Adjustments.
• Communicate Markdown File Uploads/PDTs and Ministry Lists to Territory Heads.

Qualifications & Experience

• 5 years of total experience, of which 3 years must be in a similar role and similar industry.
• Graduate degree in Commerce or Business Administration, OR Post Graduate degree in Business Administration, OR Diploma in Retail discipline.

Skills & Competencies

• Proficiency with PARX Tool.
• Sales and store analysis.
• Inventory level management.
• Sales forecasting.
• Product lifecycle management.