Planning Manager, Fashion - DFS9112604 in Hong Kong at DFS

Date Posted: 6/3/2019

Job Snapshot

Job Description

The Planning Manager quantifies the department merchandise strategy through development of the department seasonal plans and the Brand/Class location sales plans; is responsible for forecasting, ordering and allocation of product; is responsible for maximizing the productivity of inventory and maximizing sales and gross margin in the execution of the department strategy.

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
• Identifies, recruits, and develops their planning team.
• 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.
• Continuously stretches the Team to perform at higher level keeping each Team member focused on the business strategy, plan and opportunities.
• Manages the overall performance of all team members developing and recognizing the top talent and addressing the performance of team members with developmental areas.

• 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.
• Promotes a “win-win” approach with all key brand partners.
• Drives decision-making and problem solving on brand partner issues.

Key Requirements:

• Minimum of 5 years 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 Hong Kong 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.
• Dealing with Ambiguity.
• Business Acumen.
• Customer Focus.
• Timely Decision Making.
• Developing Direct Reports.
• Functional/Technical Skills.
• Interpersonal Savvy.
• Managerial Courage.
• Negotiating.
• Planning.
• Problem Solving.
• Drive for Results.