Planner, Corporate

Overview

The Planning role at Tory Burch is responsible for analyzing and forecasting the business for multiple divisions to create seasonal buys and support strategies for Direct to Consumer Channels or Wholesale Accounts. This individual maintains the monthly divisional OTB and is able to speak to both pre-season and in season plans. To excel in the position this person must have excellent retail math and analytical skills, established planning experience, have creative problem solving skills, and enjoy working in a fast paced highly collaborative environment.

Responsibilities

Merchandise Financial Planning

  • Maintain monthly OTB, reforecast sales, margin, receipts and inventory on a monthly basis. Review plans and forecasts identify risks and opportunities relative to plan.
  • Communicate the state of the business in weekly meetings and monthly OTB meetings. Recommend strategic actions to maximize sales and margin, optimize inventory, and mitigate risk. 
  • Ensure that on-order and committed receipts are delivering on time to support forecasts. Identify risks and drive action plans. Recommend “chasing” or “reflowing” receipts as appropriate.

Inventory Management

  • Manage and control inventory stock; ensure incoming product / monitoring stock level in warehouse / deliveries. 
  • Review open order reporting. Ensure that on-order and committed receipts are delivering on time to support forecasts.
  • Identify risks 
  • Review inventory positions identify risks. Work with off price channels on liquidation

Assortment Planning

  • Review and Manage Key item planners weekly. Communicate demand requirements to production based on buy calendar
  • Work with the Buying team to ensure assortments support sales based on hindsight analysis and that inventories are appropriate to deliver sales and sell thru targets. Ensure Key item and the inventory requirements are factored into the assortment.
  • Manage Buy Tools and the completion of the buys with the buying team.
  • Align detailed forecasts with merchandise financial plans by month.

Business Management / Reporting and Analysis

  • Review pricing and MD analysis in conjunction with Buying. Support price change and decisions on promotional strategies. 
  • Create and manage Event analysis – communicate results
  • Analyze sales and inventory reports and develop strategies to manage to plan
  • Review and analyze hindsight and STD product selling reports. Recommend strategies to drive sales
  • Complete specific analysis to support buy process i.e. - Size level analysis 

Qualifications

  • Bachelor’s Degree
  • Strong Analytical and Business acumen 
  • Proficient in Microsoft Office
  • Experience with planning and allocation applications – JDA – a plus
  • 1+ years’ experience working in a planning, buying or related merchandising function

Desired Attributes

  • Excellent communication skills
  • Strong Analytical and Business acumen 
  • Collaborative ability to lead and motivate team
  • Strong organizational skills and excellent communication skills
  • Strong analytical and creative problem solving skills


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