Associate Planning Manager, Beauty - DFS9112603 in Hong Kong at DFS

Date Posted: 5/31/2019

Job Snapshot

Job Description

The Associate Planning Manager quantifies the Merchandise Strategy for his/her area of responsibility through development of the seasonal plans and the Brand/Class location sales plans. This position is responsible for forecasting, ordering and allocating product, and for maximizing the productivity of inventory and gross margin. This position is a training position for the Planning Manager position.

Key Responsibilities:

• Financial
• Delivers category sales, gross margin and turnover performance to plan.
• Works with the Merchandise Manager partner to monitor overall inventory levels to plan and forecast.
• Identifies and evaluates sales and gross margin opportunities at the department level.
• Works closely with Director of Planning, Merchandise Manager (MM), Product Sales Manager (PSM) and Distributor partners to develop and manage financial plans.

• Open-To-Buy
• Ensures accurate and timely completion of department OTB every month at the division and group level.
• Maintains Group OTB to manage forward buys in-line with department inventory targets.
• Provides ongoing feedback and information to team members on sales results, competitive practices, and delivery issues with vendors, and other specific information which could impact the performance of the business.

• Inventory Management
• Establishes and maintains intensive key item, key brand/class, and key location focus.
• Monitors and forecasts inventory levels at the division and location level.
• Establishes and maintains assortment plan pipeline by determining order quantities and placing orders with suppliers.
• Buys merchandise for the divisions based on model stock and trends to achieve optimal sales, profit and inventory performance.
• Identifies slow and best sellers in inventory, and respond to maximize sales and minimize risks.
• Determines markdown strategy and ensure communication/execution with divisions.
• Ensures all inventory targets are met, including turnover, currency and style/SKU counts.

• Merchandise Strategy
• Provides input into the development of a department merchandise strategy.
• Develops department seasonal plans at the division and group level.
• Creates Brand/Class level sales plans by location.
• Works with the PSMs, MM and Distributors to execute the strategy.

• People Development
• Encourages and supports the development of our talented people. Offers honest and constructive feedback to direct reports and business partners fostering individual and group development.
• Is focused on self-development preparing for promotion to Planning Manager in two years.

• Division Partner Relations
• Develops and maintains effective working partnership with divisions particularly PSMs and Distributors, while ensuring divisions execute category strategy appropriately.
• Drives decision-making and problem solving on at the merchandise issues at the division and location level.
• Ensures team results, relationships and processes are aligned with DFS mission and values.
• Ensures efficiency and effectiveness of merchandising work processes.

• Logistics Interface
• Ensures that product moves efficiently through the supply chain.
• Monitors logistics and delivery costs.

• Brand Relations
• Manages all aspects relating to the ordering and allocation function.
• Problem solves all late deliveries and drives improvement where necessary.

Key Requirements:

• EXPERIENCE REQUIREMENTS
• Minimum of 2 year in a buying and/or planning function with financial and analytical merchandising background.
• University Bachelor’s Degree preferred.
• International mobility, for career advancement opportunities, to San Francisco, Hawaii, Hong Kong, Singapore and other major Asia-Pacific cities.
• Able to travel up to 12 weeks per year.
• Luxury market experience preferred.
• International business experience preferred.
• Leadership experience developing, managing and influencing people required.
• Negotiation experience required.

• CORE COMPENTENCIES
• Dealing with Ambiguity
• Business Acumen
• Customer Focus
• Timely Decision Making
• Functional/Technical Skills
• Interpersonal Savvy
• Managerial Courage
• Negotiating
• Planning
• Problem Solving
• Drive for Results