The merchandise planning manager is a position that is often sought after by various companies in the retail industry. Most companies are looking for applicants that have a bachelor's degree. A few employers may be willing to consider applicants with a high school diploma or associate's degree as well. Most employers will require at least four years of experience in the retail industry, although some may require as many as seven years. The merchandise planning manager needs to be familiar with the Microsoft Office suite of products, especially Excel and Word. This is usually an indoor position unless the store the manager works for is outdoors, and the position usually involves quite a bit of walking throughout different departments.
Merchandise Planning Manager Tasks
Meet financial objectives by deciding when to increase prices or put items on sale.
Track the level of inventory compared to the number of sales.
Make decisions about what merchandise to buy based on past sales and current market trends.
Monitor sales levels to identify sales opportunities and predict future sales.