Inventory Planner & Cosmetic Buyer
Landmark Retail Group
Total years of experience :17 years, 4 Months
Monitor any variances between existing forecasts, plans, and actual.
Make recommended adjustments to forecast and inventory targets based on changes in demand and market trends.
Participate in the financial budgeting process.
Ensure quantity targets are met along with the desired margin.
Ensure right stock allocation at the right time in all the shops.
Schedule merchandise depending on the various launches and within style (when and where to put how much Quantity - in shops).
Prioritize warehouse inventory movement - both for new launches + sales times.
Ensure control over replenishment in warehouse via pull out.
Aging analysis and to take action against the slow moving items.
Manage inventory targets (including safety stock levels) that are approved by management.
Price revision keeping an eye over margin.
Coordinate with Retail for promotional pricing.
Pricing update during sale time with ensuring the desired margin keeping in view the Discount Strategy.
Meet the season target (which is mostly at 90%) - major accountability.
Controls and updates sales and sell-out reports.
Prepares physical inventory plans and schedules.
Performs reconciliation between inventory, accounting and MIS department.
Performs monthly review for inventory closings and analyzes results obtained per month and per season.
Follows up on problems and bugs with MIS and IT department.
Provides Support to stores for all inventory needs and problems.
Communicates with suppliers for inventory issues and problems.
Monitors shipment and transfer transactions.
Reporting to Concept Manager and General Manager.
Market place analysis
Product selection and negotiation
Source a suppliers
Review sales performance and optimize inventory
Maintain relationships with suppliers
Other duties as assigned.
•Manage the spending associated with a project
•Generate cost reports related to a project
•Track all expenditures related to a project
•Create a detailed budget that accounts for each estimated expenditure
•Generate the production quantities related to every item of a project and the related actual and theoretical costs for each item
•Keeping a log of all purchases made
•Create reports that track current spending in relation to the overall budget
•Maintain inventory and stock records
•Monthly projects invoicing
•Receive and inspect all incoming materials and reconciles with purchase orders
•Interface with project personnel to develop project cost forecasts
•Performing by weekly and monthly reports
•Record site expenses and manage petty cash
•Organize and maintain electronic and hard copy files
•Perform basic administrative tasks
•Compose correspondence/reports
•Compile and transcribe minutes of meetings.
•Conduct research, compile data and prepare papers for consideration and presentation
•Supervise and order office furniture, equipment
•Ensure precise and timely preparation and processing of a variety of documents