Key Areas of Responsibility:
Develop and maintain seasonal forecasting plans from demand through to net sales, incorporating
Margin, returns and transfer impacts to all channels within the company, pre-season and in-season,
Create and maintain item/SKU forecasts for all items within assigned divisions,
Collaborate with the Product Management team: new item forecasts, seasonal buys and data analysis
Create and review weekly inventory buys
Analyze seasonal results of key metrics providing highlights and action items
Review product performance, recommend, and take actions on forecasts, buys, inventory balancing, chasing to fill orders, or reviewing pricing/markdowns,
Analyze and review life-cycle of the products, or colors, with recommendations and actions to closeout items and sell-through inventory to growth opportunities,
Create vendor projections by season and communication with vendors,
Understand manufacturing and each vendors capacities, lead times, MOQs and ability to adjust production to balance inventories,
Communicating with internal partners and external vendors
Advocate for financial disciplines and inventory efficiency while working with the product manager and department managers,
Collaborate with merchant partners to create optimal demand forecasts that maximize results through replenishment and align with the merchandise strategy,
Proactively seek opportunities to drive replenishment and improve item performance
Perform analysis and influence decision-making to improve replenishment sales and inventory result that complement the total assortment
Maintain attributes and default settings in forecasting and item set-up tools,
Special projects as requested
Goals include driving demand, inventory turnover and in-stock goals, forecast accuracy, and profitability goals.
Preferred Skills and Qualifications: