Demand/Merchandise Planner in Hoffman Estates, IL at Sears Holdings Corporation

Date Posted: 6/11/2019

Job Snapshot

  • Employee Type:
  • Location:
    3333 Beverly Road
    Hoffman Estates, IL
  • Date Posted:
  • Job ID:

Job Description

Req/Job ID: 972140BR
Employing Entity: Sears Holdings Management Corporation
Employment Category: Regular, Full-time
Job Function: Inventory Management
Store ID: 58491: Sears Holdings Management Corp

The Merchandise Planner works in collaboration with the Merchant Team to deliver on the company’s business strategy and profit objectives by leading the development and ongoing management of the financial plans related to assigned categories, creating the business forecast and evaluating merchandising plans as well as potential pricing decisions and promotional plans.

The Merchandise Planner is accountable for the consensus forecast. Consensus forecasting is the process that will be used to create and maintain forecasts for products that are shipped to our stores.

Job Requirements

  • Lead the consensus process to develop forecasts that meet member/customer demand to achieve business goals and inventory investment returns
  • Manages and executes category budgets, season or campaign buy plans and line review financials. Reviews sales and profit forecasts against actual results to ensure key financial metrics on the category P&L are met.
  • In collaboration with the Merchant Team, align assortment strategies (store assortments, items, pricing, buy quantities) to create bottom-up financial plans by product classification supporting top down financial targets to establish annual budgets and open to buy
  • Collaborate with merchant teams to build promotional forecasts; plan sales and inventory for promotional opportunities and validate expectations based on historical sales data, taking into account presentation standards and product placement; prepare post mortem analysis to understand performance on key events
  • Thoroughly understand the business to become the become brand volume expert for assigned category and items by understanding consumption trends and dynamics related to the market, member/customer and industry, including seasonality, competitive activity, ad plans/promotional activity, new product introductions, category role, sales objectives, sales drivers and life cycle plans
  • Create the weekly financial receipt forecast to support cash and financial planning
  • Collaborate with merchant teams to adjust item forecasts based on price and/or promotional changes; provides analytical support to the buying team by quantifying impact of strategic, promotion, and assortment changes
  • Monitor weekly and monthly forecast error, identify contributing factors and take action. For promotional activity and melts, MPs are accountable to achieve error rate goals.
  • Work cross functionally to proactively manage aged inventory, slow moving items and discontinued items; manage product exit strategy, limiting investment exposure, as merchandise moves within channels of the business and/or store assortments
  • Review safety stock strategies to align with Merchandise Flow Team's recommendations
  • Pertaining to seasonal businesses, partner with supply planning to understand supply chain implications of forecast changes
  • Utilizes system-generated reports to determine priorities and areas of opportunity and to confirm/communicate results; creates ad hoc reports and performs other projects/tasks as required.

  • Bachelor's Degree
  • Minimum of 5 years experience in one or more of the following: retail, merchandising, retail buying, planning, demand planning, inventory management, allocation, analytics, finance or replenishment.
  • Planning principles, financial budgeting, retail fundamentals, ad hoc reporting and analysis
  • Strong analytical skills, problem solving skills and recommends solutions, superior critical thinking skills, and strong communication and presentation skills.
  • Proficient with Microsoft Excel (SQL is a plus).
  • Strong problem solving ability; ability to synthesize large amounts of data into trends and initiate action; experience analyzing data to preform Root Cause Analysis, ROI, and Cost-Benefit Analysis.
  • Excellent collaboration skills; proven ability to work effectively with people at all levels
  • Strong organization and project management skills
  • Ability to develop analytical processes and continuous improvement methods
  • Ability to effectively manage multiple projects and priorities simultaneously