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