Assortment Planning Manager

Job Description: Assortment Planning Manager.

Note: This role does not include logistics, warehousing, factor production/ manufacturing.

Assortment Planning
Is the process of optimizing product selection for each store, based on customer buying behavior derived through sales and stock data. By analyzing the data, we identify customer preferences, sales opportunities, and store-specific requirements. This data-driven approach enables us to uncover growth potentials and strategically allocate new collections or redistribute existing stock to align with the unique needs of each store's target audience and local demographics.

Your Role: To be the driving force ensuring the right products are available at the right time and in the right quantities to meet customer needs and drive sales growth.

Strategic Planning and Analysis

• Data-driven decision-making: Analyzing sales, demand, and stock data to forecast future trends and identify growth opportunities.
• Product mix optimization: Ensuring the product range aligns with customer preferences and market demands.
• Assortment planning: Developing and executing comprehensive assortment plans for different store locations, considering factors like demographics, store size, and customer profiles.
• Inventory management: Balancing inventory levels to avoid stockouts and excess inventory.

Collaboration and Execution

• Cross-functional collaboration: Working closely with procurement, merchandising, and store teams to implement assortment plans.
• Visual merchandising: Collaborating with visual merchandising teams to optimize product display and placement.
• Stock allocation: Distributing inventory effectively across different stores based on demand and performance metrics.

Performance Measurement and Optimization

• Performance analysis: Tracking key performance indicators (KPIs) to measure the success of assortment plans.
• Regular improvements: Identifying areas for improvement and implementing changes to enhance assortment planning processes.
• Stock optimization: Implementing strategies to reduce stock levels and improve inventory turnover.

Team Management

• Task Allocation: Assigning tasks based on team members' skills and capabilities.
• Coaching and Development: Providing guidance and support to team members to enhance their performance.
• Problem Solving: Resolving issues and challenges faced by the team.

Selection of Frames and Sunglasses:
Your Role: The Manager is responsible for curating an exceptional eyewear collection that aligns with our brand identity and customer preferences. This role involves collaborating with the eyewear selection team, procurement department, and store teams to ensure the optimal selection and timely delivery of sunglasses and frames.

• Product Selection: Work closely with the eyewear selection team to curate a diverse and appealing range of sunglasses and frames from renowned brands, including Cartier, Chanel, Mont Blanc, Maybach, Tom Ford, Gucci, Armani, Prada, Coach, Tommy Hilfiger, Calvin Klein, Rayban, and Carrera.
• Collection Management: Coordinate with the procurement department to organize showcases of new collections for the selection and store teams.
• Order Management: Oversee the order process, including selection, data entry, coordination, and preparation of order excel sheets.
• Sample Management: Prioritize sample set selection and ordering based on showroom requirements and availability.

The ideal candidate possesses a keen eye for fashion, a strong understanding of market trends, and excellent organizational skills. (This role does not require prior work experience in the optical industry).

QR Code Printing & Product Attributes System
We have assigned unique QR codes to all existing frames and sunglasses at our stores based on the products attributes. New QR codes are printed for new collections. The Assortment Planning Manager is responsible to ensure the QR Codes are printed by the team as per the inventory management system and data entry guidelines.
This role demands a comprehensive understanding of product attributes, inventory management systems, and cross-functional collaboration to ensure operational efficiency and accuracy.

Team Management and Operations

• Oversee the data entry and QR code generation process, ensuring adherence to company standards and established guidelines.
• Manage the team responsible for data entry and QR code printing.
• Coordinate with:
• The Procurement/Buying team to ensure timely and accurate product delivery, including order follow-up and distribution to stores.
• The Accounts team to manage stock transfers, order cancellations, and defective stock replacements, including QR code updates as needed.
• Implement new inventory management tools: Automated Discount of Stock Aging, Order Tracking System.
• Process Improvement: Identify opportunities to streamline operations and reduce costs.

Salary Range: ₹609,798.00 - ₹1,275,743.00 per year