Merchandise Planner Career

The merchandise planner career revolves around planning, coordinating and directing activities involved in purchasing.  The responsibilities and duties of a merchandise planner cover market and delivery systems analysis, manage purchases and surplus disposal, handles purchasing budget, locate and coordinate with vendors, prepare and process purchase requisitions, and maintain purchase records.  One is also tasked to develop and implements policies, contracts and procedures for purchasing.  He checks on policy compliance as well.  The merchandise planner is also tasked to review, assess and approve the issuance and awarding of bids. Staff hiring, interview, training and evaluation also falls under his hands.  To become a successful merchandise planner, one has to have excellent skills in communication, administration, management, leadership, organization and negotiation.

How to become a Merchandise Planner

To become a merchandise planner, one has to earn a bachelor’s degree in business administration focusing on marketing.  Gain relevant experience in retail through part-time positions in department or specialty stores.  Get into internships and gain practical experience in merchandise planning.  Become employed in an entry-level position such as an assistant buyer.  Becoming a merchandise planner requires one to be familiar with the company’s operations.  Pursuing a master’s degree will give one an opportunity to advance into a senior merchandise planner position.  Obtain a certification and take continuing education courses.

Merchandise Planner Courses, training, programs

Aside from general education courses, a bachelor’s degree in business administration gives one a background in various areas such as business law, accounting, macroeconomics, microeconomics, management, marketing, finance, and commerce.  Through the program, one has the opportunity to learn more about business through electives such as marketing research, sales management, internet marketing, management information systems, human resources management, quality control and project management.

TOP 5 colleges/Universities

University of Pennsylvania, Pennsylvania

University of Notre Dame, Indiana

University of Virginia, Virginia

New York University, New York

University of Michigan-Ann Arbor, Michigan

Merchandise Planner Jobs, opportunities, salaries/pay

A merchandise planner has the opportunity to earn from $44,852 to $85,021 per year.  One’s salary depends on the work location, employer, experience and benefits.  Employment may be found in various retail companies.

Category: Sales and Marketing Careers

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