Description

Senior merchandise planner positions are commonly available at retail stores, especially larger stores with large product volume. Many open positions do not require a specific educational background, although some do require or prefer a bachelor’s degree; at least three to five years of experience as an associate buyer, merchandise planner, or in some form of inventory control is needed as well. In addition, many companies require proficiency with basic computer programs, strong analytical and organizational skills, and excellent communication skills.

The position is based around monitoring product levels and identifying problems and opportunities related to the products being carried at the store. This involves creating regular reports on performance measures, as well as developing tools such as action plans to ensure continuous growth. Senior merchandise planners work with external product vendors and internal management to ensure that all demands are met and all plans are feasible. They work with various other departments as well, such as with advertising teams to ensure that advertised products are in stock at each location. This work also requires communication with ground-level employees who are responsible for physically maintaining the grounds.

The physical requirements for this job are limited, with only sedentary tasks such as extended periods of computer usage required. The work is generally indoors in a store or office environment. Hours may vary widely from company to company, but it is not uncommon to work during regular business hours.

Roles & Responsibilities

As a Senior Merchandise Planner with 6-9 years of experience in AE, your main responsibilities include:

  • Collaborate with cross-functional teams to develop merchandise assortment plans and strategies.Work closely with various departments to create effective merchandise plans and strategies.
  • Analyze historical sales data and market trends to forecast future demand and optimize inventory levels.Utilize sales data and market trends to predict future demand and ensure optimal inventory management.
  • Monitor and manage inventory levels, ensuring availability of products while minimizing excess stock.Constantly monitor and control inventory levels to maintain product availability and minimize excess stock.
  • Analyze sales performance and make recommendations to maximize profitability and achieve financial targets.

Qualifications & Work Experience

A Sr. Merchandise Planner is a senior-level role responsible for forecasting, planning, and managing inventory levels to maximize sales and profitability for a retail company. They analyze sales patterns, market trends, and historical data to develop sales forecasts and inventory plans. Sr. Merchandise Planners work closely with buyers, suppliers, and sales teams to ensure optimal product availability and pricing. They monitor inventory levels, recommend replenishment strategies, and adjust merchandise plans based on market conditions. Effective communication, strong analytical skills, and a deep understanding of consumer behavior are essential for success in this role.

Essential Skills For Sr. Merchandise Planner

1

Retail Analytics

2

Documentation

3

Organization Skills

Career Prospects

The Sr. Merchandise Planner role requires 6-9 years of experience in the AE. Here are four alternative roles to consider:

  • Senior Category Manager: A position involving strategic planning, product assortment, and vendor management to optimize sales and profitability.
  • Demand Planning Manager: A role focused on analyzing historical data, market trends, and customer demand to forecast future sales and optimize inventory levels.
  • E-commerce Manager: An opportunity to drive online sales by developing and implementing digital marketing strategies, managing website content, and optimizing user experience.
  • Supply Chain Analyst: A position that involves analyzing supply chain data, optimizing inventory levels, and improving operational efficiency through process optimization and demand forecasting.

How to Learn

The role of Sr. Merchandise Planner in the United Arab Emirates (UAE) is expected to experience significant growth in the coming years. According to recent data from Google, the demand for merchandise planners in the UAE market is projected to grow steadily over the next 10 years. This positive trend is influenced by the country's expanding retail industry and the increasing focus on effective inventory management. As a result, numerous employment opportunities are likely to emerge for qualified individuals in this field. Overall, the prospects for this job role in the UAE appear promising, offering a stable and potentially fruitful career path.