Job Description:
You will get the right product, in the right place, time, quantity and price. Right product - Category, styles, colours, sizes etc Right Place - Which store, depending on budget and location Right Time - Having merchandise in stores at the right time in the season i.e. ready for Christmas or 'Back to School’ Right Quantities - Enough for the stores to make their budgets but not have to markdown stock at the end of the season Right Price - Those that will attract customers in spite of competition yet generate a reasonable return on investment for the brand meeting with suppliers and managing the distribution of stock, by negotiating cost prices, ordering stock, agreeing timescales and delivery dates and completing the necessary paperwork Primary Responsibiities: Analyze sales figures, customers reactions and market trends to anticipate product needs
Assess the needs of individual stores and how they might differ based on factors such as store size and demographics Plan product ranges and prepare sales and stock plans with management team
Plan pricing, merchandise budget and projection based on sales targets and overall budget
Forecast profit and sales, and optimise the sales volume and profitability of designated product lines
Plan budgets and present sales forecasts and figures for new product ranges
Plans stock plans for each store to make sure each store is appropriately stocked
Control stock levels based on forecasts for the season
Meet with suppliers and manage distribution of stocks by negotiating cost prices, ordering stocks, agreeing timescales and delivery dates while completing the necessary paperwork
Work with Raw Materials Associate to ensure availability & quality of raw materials for upcoming Purchase Orders
Manage suppliers and oversee timely progress of monthly collections from start to finish
Creating & scheduling of Purchase Orders Overseeing sampling and production progress Identifying production and supply difficulties and deal with any problems or delays as they arise Make sure of timely deliveries to the store & that the sales floor shelves attract attention by making sure products are properly displayed & the warehouse shelves are fully stocked
Produce layout plans for stores Work closely with visual-display staff and department heads to decide how goods should be displayed to maximise sales Monitor and reviews merchandise life cycles and determine need for more marketing features & markdowns
Monitors Performance per collection Analyse every aspect of bestsellers (for example, the bestselling price points, colours or styles) and ensuring that they reach their full potential Monitor slow sellers and take action to increase marketing, reduce prices or set promotions as necessary Prepares weekly sell thru, and inventory analysis / stock flow reports to monitor the performance of the products per style and category Reviews reports of damaged merchandise and coordinate with suppliers for discounts and make sure succeeding damages won’t be repeated Maintain a comprehensive library of appropriate and helpful data and insights
gather information on customers' reactions to products analyse the previous month’s sales and report on the current season's lines maintain awareness of competitors' performance
Minimum Qualifications:
Proven working experience in merchandising Strong analytical and numerical skills to work out budgets and understand sales figures IT skills - able to work with computer applications & comfortable in exploring and learning new tools The ability to work under pressure in a dynamic environment and to quickly identify problems and recommend solutions Sound decision-making skills - prioritises ruthlessly & able to plan and decide soundly despite any circumstance Project management & organisational skills - able to manage multiple projects at once while completing its project within timeline and as planned Strong teamwork, interpersonal & leadership skills - must be able to work strongly & influence suppliers, retail stores, distributors, fellow team members Excellent communication and negotiation skills Commercial acumen and the ability to “decode” customers Up-to-date with the latest merchandising trends and best practices Highly creative with experience in identifying target audiences and devising campaigns that engage, inform and motivate
