Job details
Company Description THE CONTEXT Benefit Cosmetics is the San Francisco-based makeup brand, part of the world’s leading luxury group, LVMH. Awarded as the No. 1 Brow Brand Worldwide, Benefit is synonymous with fun instant beauty solutions and witty tongue-in-cheek storytelling. Founded in 1976 by 2 sisters, Jean and Jane Ford in San Francisco, Benefit is one of the fastest growing prestige beauty brands in the business with locations in over 60 countries across 5 continents. Benefit Cosmetics set up the Pink Camp in India through Sephora back in 2012. Since then, Benefit has taken the beauty and brows market by a storm with its one-of-a-kind cult favourite products. Benefit is now available across India across Sephora, Nykaa, Tira and Shoppers Stop. The Benefit India team is a small but immensely passionate family who bring the rule-breaking, ‘Bold & Girly’ San-Francisco vibe to India and aim to paint the town Pink. Job Description YOUR IMPACT The role will plan, execute, and monitor inventory from end-to-end for Benefit in India. YOUR MISSION Sales Forecasting
- Support to receive sales forecast from retailers and partners
- Register all new launches with the help of local partners
- Collaborate with the marketing head to ensure all registration documents are gathered from global team and supplied to local partners for timely registration
- Follow up with all stakeholders to ensure registration process timelines are met
- Work with Sales and Education head to ensure the following is being executed:
- Provide administrative support for order processing
- Ensure all POs have been received and processed on time before finance cutoff date.
- Coordinate with regional team to ensure PO processing for all retail channels.
- Weekly Communication with Planning and Forecasting any opportunities due to sales trends or anything that will effect allocations
- Monitoring incoming retailer / partner orders to ensure proper orders per allocation and shipping dates:
- Collaborate with retailer / partner to ensure timely delivery of products, manage purchase orders to maintain optimal stock levels.
- Monthly meeting with account to review inventory balance, sell through of products featured in marketing programs, and upcoming orders.
- Managing risk of overstock at door level, minimize liquidation liability of the company
- Communicating significant changes in SKU item Forecast Team as necessary based on emerging trend or upcoming event
- Work closely with sales teams to manage inventory levels during promotional periods, ensuring sufficient stock to meet increased demand.
- Monitoring sales of new launches to ensure immediate reorders as necessary
- Monitoring stock level by SKU and door to ensure optimum inventory balance
- Managing and negotiation of best planning, shipping, and OTB plans for the account
- Prepare SOH report on a monthly basis for all channels.
- Provide support as necessary in areas that might fall under the Account Manager responsibility such as Field Communications, Inventory Management, Customer Support, Events and Forecasting
- Liaison with Marketing as in relates to in stores and on-line activities
- A challenging role in a fast moving, ambitious environment, with daily learning opportunities and passionate team members.
- Beyond this role, your development is a pillar of our ambition Benefit, as part of LVMH, offers a Career perspective with a worldwide presence and continuous growth within 75 distinguished Houses.
- Strong interpersonal skills, negotiation, and presentation abilities
- Team oriented. Ability to manage relationships across multiple departments internally and externally that build lasting partnership and collaboration
- Ability to analyze sales results and identify factors relating to business opportunities and risk
- Knowledgeable with Microsoft Office particularly Excel
- Meticulous and detail-oriented
- Flexible and adaptive attitude to changing business needs
- College graduate or equivalent experience
- Minimum 2 years in retail planning or merchandising or category role
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