Job Description:
As the Merchandising Manager, you will play a pivotal role in driving the success of the company. As product & merchandise lie at the core of our business, you will be responsible for maintaining a healthy, dynamic, and appropriate level of inventory which will in turn allow LBID to reach her quarterly and yearly sales targets. You will also be conducting deep-dive analyses on all inventory-related matters to support day-to-day trading decisions as well as wider business process changes. Reporting directly into the Managing Director and Regional office, you will help shape the future and success of Love, Bonito within the country through this exhilarating phase.
Main Responsibilities: In charge in overseeing and monitoring the Merchandising department; with a focus on job scope distribution and maximising department efficiency. Creating templates or systems to ease workflow and analysis within the department. Monitoring of stock levels at all times from all sales channels. Understanding stock aging at every point of time and keep aging at targeted levels. Collaborating with online, offline and/or marketing departments for product highlights and sales maximisation. Determining monthly, quarterly, and yearly Open-To-Buys (OTBs) aligning them with financial and sales targets. Forecasting order quantity of merchandise mix by category, class and size upon obtaining OTB budget to ensure optimum volume orders and maximum sell-through. Monitoring pricing and maintaining company’s Gross Margin Profit per item & category level. Maintaining pricing guidelines for HQ and understanding local pricing acceptance. Aiding and actively feeding back to the Design team in HQ on local ID consumer styles and preferences. Understanding ID’s seasonality that may differ from regional office and requesting special designs or collections, if necessary. Feeding analytics and feedback on ID’s merchandise performance on evergreen and seasonal products for local and regional office. Managing merchandise shipments and arrival based on forecast. Building relationships with various Freight Forwarders or 3PL vendors for shipments. Continuing to innovate on how to ease and tackle shipment complexities. Building great relationships with Regional Merchandising teams to ease communication. Minimum Qualifications:
You should have/be: Good grasp of the Love, Bonito brand and unique proposition. A great and respectable leader who can build great team bonds. An ability to think & work strategically and systematically. Up-to-date with the latest merchandising trends and best practices. Strong problem-solving skills and an ability to think out-of-the-box with solutions that are scalable, sustainable, yet cost-efficient. A self-starter who’s proactive and has hands-on approach. Get it done right and fast! Strong project management, multitasking, and execution abilities. Strong communication skills to inspire and influence internal stakeholders (HQ or Markets). A performance-driven attitude and thirst for constant improvement through continuous optimisation and refinement. A fun, energetic, and charismatic personality. 4+ years of relevant work experience - prior role as Sr. Merchandiser or Merchandising Manager. Preferred industry in retail fashion, beauty, or e-commerce. Familiarity with systems such as SAP, Netsuite, or other related systems. Highly proficient in Excel.
