Merchandise Planning Manager Job Description Sample Template

JOB TITLE:

  • Merchandise Planning Manager

DUTIES and RESPONSIBILITIES:

  • Performs business analytics at the store and product level using POS and production data.
  • Evaluates KPIs through variance analysis and ROI modeling.
  • Identifies risks and opportunities for the business through store and product performance and trend analysis. 
  • Determines product line success and suggests changes in business strategies based on findings.
  • Plans and forecasts future merchandise buys and manufactured products based on historic trends, new business strategies, and current inventory levels.
  • Assists with setting product pricing and promotion plans in collaboration with Marketing.
  • In collaboration with the Director of Planning, Merchandising, and Allocations create a retail Open to Buy to support inventory needs as they relate to hitting sales and margin plans.
  • Contributes to the S&OP process by making sure supply matches demand. Works with Supply Chain managers and production teams to ensure demand plans are achieved through on-time fulfillment and strong allocation execution.
  • Develops strong professional relationships with third-party vendors and other brands in the industry that supply goods to the company. 
  • Creates purchase orders as necessary to procure cannabis goods that tie back to Open to Buy needs.
  • Performs market and product research to bring innovative and enticing new products to the brand.
  • May be responsible for supervising a small team as the department grows, including assigning work schedules, setting KPIs, providing training and coaching opportunities, and providing accountability and performance management.
  • Maintains a thorough understanding of all state-specific cannabis laws and regulations that may impact function.

EXPERIENCE and QUALIFICATIONS:

  • Bachelor’s degree in Business Administration required.
  • 5-7 years of experience in merchandise planning, allocation, buying, inventory management, or related field required, preferably with a focus on consumer-packaged goods.
  • Specialty retail buying experience preferred.
  • Experienced user of Microsoft Excel, Tableau, and/or Power BI required.
  • Must possess superior analytical abilities.
  • Must possess excellent verbal and written communication skills.
  • Experience managing and developing people preferred.
  • Passion for problem-solving and delivering thoughtful strategic business plans.
  • Ability to effectively manage complex projects with multiple varying deadlines and deliverables.
  • Must be 21 years of age or older.

PHYSICAL DEMANDS:

  • Ability to sit, stand, and walk for at least 8 hours.
  • Visual acuity is needed for viewing screens and fine print.
  • Manual dexterity is needed for data entry.