With support & guidance build key knowledge & skills that equips the role to develop astute pre-season & in-season store sales plans that meet the store's needs in terms of the correct buy shape per store profile & maximize store sales, clearance and space.
On the Job Learning:
Apply learnt knowledge & skills by:
Demonstrating awareness of the factors which influence the way we perform in current trade how to manage opportunities & risks accordingly.
Demonstrating how to optimize stock in the light of the critical path & achievement of KPI's.
Participating in the building of an assortment which is informed by current trade, post mortem, & the seasonal strategy.
Demonstrating how to forecast a financial plan, highlight variances for sales, orders & stock going forward.
Current Trade:
Extract & analyze store KPI's by sub department season.
Contribute towards compiling a draft report highlighting all issues that have impacted performance.
Assist the location planner in respect of re-forecasting in-season store sales to adjust for the current trade variances.
Convert the store sales plan to a stock plan in OTS (Open to Ship) in order to adjust SAS (Strategic Allocation System) allocations.
Post Mortem:
Complete a monthly zero-based plan (ZBP) in order to conclude the previous months missed opportunities.
Complete store grading in APS (Assortment Planning System) in order to provide the merchant planning team with unit buy recommendations which will inform their strategy.
Building an Assortment:
Participate in building the assortment plan in collaboration with the buying & planning team.
Assist with creating profiles, store grading & development of unit buy recommendations for the greater team.
Maintain the profiles & grading in the relevant system (APS).
Extract & analyze reports on the assortment for the location planner.
Product Allocation/Stock Allocation:
Adjust & balance the forward allocations checking that required units per store are met.
Monitor units being accrued for new store openings & report on variances.
Finalize allocations
Assist with store consolidations.
Identify problems with store size service levels & store cover ratio, assist team with action plan.
University Degree/ Diploma in
Accounting
Finance
Bcom Supply chain
Bcom Strategic management
Economics
Mr Price Group Limited is an omni-channel, fashion value retailer. The Group retails apparel, homeware and sportswear and is one of the fastest growing retailers in South Africa.
Our History:
1885 - The first John Orrs store opens
1934 - The first Hub store opens
1952 - John Orrs is listed on the JSE
1967 - Acquisition of two Miladys stores
1986 - Laurie Chiappini and Stewart Cohen, together with BOE, acquire a major shareholding in John Orr Holdings
1987 - The first Mr Price store opens
1991 - Laurie Chiappini and Stewart Cohen acquire control of the Group from BOE
1993 - Launch of the Mr Price Group Share Partnership Initiative
1996 - Acquisition of Galaxy & Co. and Sheet Street
1997 - Alastair McArthur is appointed as CEO
1998 - Mr Price Home launched
2000 - Mr Price opens stores in Botswana and Namibia
2001 - Specialty Stores becomes MR Price Group
2005 - Over 100 million units are sold across the group
2006 - Sale of the Hub and Galaxy divisions
2007 - Launch of Mr Price Sport stores and Mr Price Franchising
2008 - Miladys wins the Orange Index award for excellence in customer service
2008 - Mr Price Apparel is voted the most loved and most frequented retail apparel brand
for the first time
2008 - This year Mr Price Home is voted the most loved and most frequented homeware retailer
2011 - Retail sales exceed R10 billion and profit attributable to shareholders exceeds R1 billion
for the first time
2011 - The group celebrates the 25th anniversary of change in control, recording a CAGR share of 25.3% and headline earnings per share of 23.5% over this period
2012 - First Corporate owned Mr Price store opens in Lagos, Nigeria
2013 - Mr Price launches its online store
