Job Title

Role OverviewThe Planning Manager will be responsible for driving sales forecasting, inventory planning, OTB management, and stock optimization for assigned categories within Livspace (Furniture & Homeware).The role ensures the right inventory, at the right time, in the right stores — while improving margins and stock turns.Key Responsibilities1. Sales & Demand ForecastingBuild annual and seasonal sales plans by category and store cluster.Forecast demand based on historical sales, market trends, and seasonality.Track forecast vs actual performance and refine planning models2. OTB & Budget ManagementManage Open-to-Buy (OTB) budgets.Align buying quantities with financial targets.Ensure adherence to margin and inventory budgets.3. Inventory ManagementMonitor stock turns, sell-through %, and ageing inventory.Identify slow movers and recommend markdown/liquidation strategies.Prevent stock-outs on key SKUs.4. Assortment & Allocation PlanningPlan SKU depth and width based on store size and regional demand.Ensure optimal product mix across price segments.Work with supply chain for timely replenishment.5. Reporting & AnalysisTrack KPIs: Revenue, GM%, GMROI, Inventory Turn, Sell-through %.Present weekly/monthly business review reports.Provide actionable insights to Buying & Leadership teams.Experience4–8 years in retail planning / merchandise planning.Experience in home/lifestyle brands or similar retail formats preferredMBA / PG in Retail, Finance, or Supply Chain preferred.