Merchandise Planner

What is a merchandise planner?

A merchandise planner is someone who analyzes sales data and market trends to determine the inventory needs of a retail business. They work closely with the buying and merchandising teams to ensure that the right products are available at the right time and in the right quantities.

What does a merchandise planner do?

Usually, a merchandise planner does the following:

• Analyzes sales data, market trends, and historical patterns to forecast product demand
• Collaborates with the buying team to determine which products to purchase and in what quantities
• Monitors inventory levels and ensures that stock levels align with sales forecasts
• Adjusts merchandise plans based on changing market conditions and sales performance
• Works with suppliers to negotiate pricing and delivery terms
• Provides regular reports and analysis to key stakeholders to inform decision-making processes

What does the day-to-day life of a merchandise planner look like?

A merchandise planner typically works normal office hours, from 9am to 5pm. However, during busy periods or when preparing for new product launches, they may need to work additional hours.

Their tasks may include:

• Reviewing sales data and analyzing trends
• Collaborating with the buying team to develop assortment plans
• Monitoring inventory levels and making adjustments as needed
• Communicating with suppliers to ensure timely delivery of merchandise
• Attending meetings and providing updates on sales performance and inventory levels

Where does a merchandise planner work?

Merchandise planners can be employed by various types of companies, including retail chains, department stores, and e-commerce businesses. They may also work for specialist merchandising companies that provide their services to multiple retail clients.

The location of work will depend on the company and can be in various parts of the United Kingdom.

What tools/software/hardware does a merchandise planner use?

A merchandise planner uses a variety of tools and software, including:

• Merchandising software: This can include platforms like JDA, Oracle Retail, or SAP, which help with analyzing sales data and managing inventory.
• Excel: Microsoft Excel is often used for data analysis, creating reports, and managing inventory spreadsheets.
• Communication tools: Email, video conferencing, and project management tools are commonly used for collaboration with team members and suppliers.

What do I need to become a merchandise planner?

There are a few ways to become a merchandise planner, including:

• Bachelor's degree: Many employers prefer candidates with a degree in a relevant field such as business, retail merchandising, or fashion.
• Retail experience: Working in a retail environment can provide valuable insights into the industry and give you a better understanding of customer behavior and product trends.
• Analytical skills: Strong analytical and numerical skills are essential for merchandise planning, as you will be working with data and forecasting demand.

What career paths are available?

There are several career paths available to merchandise planners, including:

• Senior Merchandise Planner: After gaining experience, you can progress to a senior role where you will have more responsibility and may oversee a team of merchandise planners.
• Merchandising Manager: With additional experience and skills, you can move into a managerial position where you will oversee the overall merchandising strategy of a business.
• Retail Buyer: Some merchandise planners transition into the role of a retail buyer, where they are responsible for selecting and purchasing products for a store or business.

What jobs are similar to a merchandise planner?

• Retail Analyst: Analyzing sales data and market trends to provide insights and recommendations to improve business performance.
• Demand Planner: Forecasting product demand to ensure adequate inventory levels and minimize stockouts.
• Category Manager: Managing a specific category of products, including assortment planning, pricing, and promotional strategies.

What made you want to become a merchandise planner?

How did you get your first merchandise planner job?

What was the one thing that surprised you the most about being a merchandise planner?

Are you a merchandise planner? We want you to share your experiences with those looking to start or change their careers to merchandise planning. If you're interested, contact us at mail@calumchilds.com.