Role Purpose:

• Manage all aspects of Inventory Management and supply chain activity to ensure excellent availability within the Open To Buy Constraints
• Maximise availability and provide statistical analysis to determine the optimum range to achieve YOY growth and full sales potential
• Ensures all KPIs are meet for the respective departments responsible for.
• Management of markdown spend to ensure all seasonal lines are cleared as needed without impacting GP.
• Statistical Analysis of range – monitoring sell through by brand/category. 
• Management of Critical Path.

Reports to: 

Senior Merchandiser

Direct reports:

Assistant Merchandiser- Fashion

Other key relationships:

Buying, Shop Floor, Warehouse, Online

Key Accountabilities:

• Production of statistical analysis of previous sales, brands, price points (etc.) to propose generic range architecture of future ranges
• Significant input into the range sign off process
• Check if the products proposed are commercially viable to range
• Formulation of sales forecasts using experience, historic data and product spec’s
• MOQ and Minimum Order Value to be checked if commercially viable
• Intake plans to be created from the signed off sales forecasts
• Place all orders for respective departments
• Expediting Orders
• Develop relationships with Suppliers / Depot / Shop Floor / On Line team
• Complete understanding of Grade A and B lines (in terms of stock, orders, issues, pricing, promos etc)
• Regular checking of Grade C and D lines
• Compile and communicate proposed sale lines
• Monitor and suggest appropriate action during sale
• Drive OTIF (On time and in full deliveries)
• Order Management – i.e. the orders on the system reflect exactly what stock is due and when
• Communication of failed deliveries and actions proposed
• Ensure unwanted orders and inventory are cancelled with full communicated to suppliers and buyers
• Raise Supplier Compliance Charges
• Compile statistical data regarding volume of Supplier Compliance Charges
• Allocation parameters set on the system
• Maintain availability within defined parameters – highlight future potential issues. Resolve before they become issues
• Maintain and report against KPIs (e.g. stock holding, weeks cover, availability, sales forecast accuracy)
• Stock queries from Ely resolved within 48 hours
• Prepare data for regular reviews with buying, shop floor and VM
• Management of Assistant Merchandiser and ensuring they are developing and meeting their KPIs.

Key Challenges (that job holder needs to be able to address):

• Failed deliveries
• Exceeding the OTB
• Poor availability
• Excessive proposed ranges
• Product and suppliers that are not commercially viable to the F&M business model
• Inaccurate sales forecasts
• Managing Buyers expectations
• Highlighting and proposing actions for non / slow selling lines
• Maintaining all KPIs
• Prioritising work loads

What does success look like in this role? 

• Excellent knowledge of Grade A and B products
• Good relationships with respective buyer
• Good relationships with Key Stake Holders
• Can cover for Senior Merchandiser
• Positively influencing Assistant Merchandiser’s performance and development
• Excellent knowledge of systems
• Achieving all KPIs
• Good statistical analysis conducted across all SKUs / departments responsible for
• Clear concise conclusions drawn from analysis
• Proposal of future strategy supported by clear facts and logic

 
Role Specific Criteria:

• Candidates should currently be Merchandisers
• They should possess strong analytical skills, highly organised, good communication skills at varying levels, able to multi-task, prioritise accordingly with leadership and coaching as require

We are committed to developing your career and nurturing your talent, regardless of age; disability; gender reassignment; marriage and civil partnership; pregnancy and maternity; race; religion or belief; sex; sexual orientation. We respect and embrace each other's differences, to create a truly inclusive environment.

In the last year alone, our people have been recognised and celebrated, winning awards for their outstanding contributions to Retail, Technology, Global Hospitality & Tourism, Visual Merchandising & Display, Customer Service and Local Community Awards.

In return, we offer:

• A competitive salary
• A generous store and restaurant discount of up to 40%
• 25 days holidays pro rata (excluded bank holidays) and an extra day off for your birthday
• A fantastic subsidised staff restaurant which uses Fortnum’s ingredients
• A range of opportunities to develop and grow personally and professionally
• Excellent pension scheme