Number of Vacancies: 4

Job Description

• Maximise Sales and profitability for the department/category
• Support in determining high-level financial goals including pre-season financial plans, in-season projections, open-to-buy management and new store budgets
• Prepare and maintain department/category merchandise MIS analytics based on actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs etc
• Assist in the creation of merchandise plans for the category based on insights gained from merchandise analytics, customer preference, historical trends and future outlook projected by the buyer
• Assist in discussing, deciding and freezing the department/category merchandise strategic plans around the following factors
o Financials
 Sales, Stock, OTB, Margins, Forward Cover etc
o Store
 Subgroub level Sales, Order Quantity, Allocation, Replenishment etc
o Assortment
 Style, Price, Brand, Supplier etc
• Communicate the merchandise strategic plan to buying team for necessary execution
• Ensure effective in season management across territories (stock balancing, markdown management, stock analysis, stock vs sales performance)
• Help review the merchandise plans on a periodic basis to ensure profit is maximized and maintained to reach target levels
• Ensure that the standards of Merchandise procedures and Methodologies are maintained and kept Uniform
• Ensure optimum category inventory levels are maintained at Concept/Territory keeping in mind store requirements as well as working capital constraints
Category Promotions
• Provide inputs on the expected margins, possible price points and other parameters for promotions within the product category
• Help analyse the effectiveness of the promotions in achieving the targeted levels of sales and margins
• Help analyse the existing stock levels and liaise with the Buying/VM/Marketing team for timely roll out of promotional campaigns to maintain the territory / warehouse inventory holding norms as well to achieve targeted sales
• Ensure performance is monitored against plan for the assigned category/department, regularly supported by exception reporting
• Ensure effective in season management of the assigned category/department through regular analysis and action planning across concept and territory

 

Skills

* Graduate degree from NIFT/ equivalent Fashion Institute or graduate degree in commerce or business administration
* Masters degree in NIFT/ equivalent Fashion institute preferred
* Good knowledge of Merchandise planning and analytics
* Good knowledge of Retail Industry and strong knowledge of retail maths
* Planning and Organising skills
* Problem solving & Analytical skills
* Strong & Quick excel skills and good knowledge of MS office
* Good expertise in handling BI/ MIS/ ERP systems

Job Details

Career Level: Entry Level

Years of Experience: Min: 1 Max: 2

Degree: Bachelor’s degree / higher diploma

Source: Bayt.com

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