Key Result Areas Supporting Actions
Inventory Management
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Preparation of stock and sales plan in the beginning of the year.
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Update and review of the plan periodically.
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Managing age and dormancy of stock by planning Instore clearance sales.
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Pull back non-moving merchandise
MIS & product movement analysis
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Analyze movement of various sub brands, style wise, size wise etc.
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Identify of non-moving merchandise and check for trends.
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Ensuring ideal merchandise mix for every store.
Sales
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Ensure the overall sales plan is met by periodic monitoring and taking corrective action with respect to space & product mix
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Timely action on product performance to ensure discount is under budget. Monitor actual vs outflow on weekly basis to keep a track.
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Margin delivery by managing product performance and controlling markdowns
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Plan right store inventory depending on the demand and supply to ensure overall retail inventory turn is in line with the budget
Store Layout Planning
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Creating the shopping zones in each store with the help of planograms and ensuring maximum returns from each square feet .
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Monitoring and analyzing the performance of each of these zones
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Maintaining and updating planograms as and when required
Sell Through
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Plan right demand, get on time delivery and timely dispatch to ensure the overall lifecycle sell through
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Periodic monitoring of inventory with norm to ensure post EOSS return of season buy ins in line with the budget
Norms & optimization
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Planning correct norms for store keeping the right DOC & sales potential of store