Merchandising Manager
Experience
Salary
Location
Job Description
Merchandising Managers have to play a crucial role in FMCG retail and product-based businesses, ensuring that the right products are available at the right time, in the right quantities, and at the right prices. The job description of a Merchandising Manager typically includes a variety of responsibilities aimed at optimizing sales, managing inventory, and maximizing profitability. Here's a general overview of the job description:
1. Product Selection and Procurement:
- Collaborate with buyers and vendors to select products that align with the company's strategy and customer preferences.
- Negotiate terms and agreements with suppliers to secure favorable pricing, terms, and delivery schedules.
2. Inventory Management:
- Develop and implement inventory strategies to maintain optimal stock levels, prevent overstock or stockouts, and minimize holding costs.
- Monitor inventory turnover rates and take corrective actions as needed.
3. Pricing Strategy:
- Analyze market trends, competitor pricing, and cost factors to establish competitive and profitable pricing strategies.
- Implement pricing adjustments based on market conditions and business goals.
4. Visual Merchandising:
- Work with the visual merchandising team to create attractive and effective product displays that enhance the overall shopping experience.
- Ensure that merchandise is presented in a visually appealing and organized manner to drive sales.
5. Sales Analysis:
- Analyze sales data, customer feedback, and market trends to identify opportunities for growth and improvement.
- Generate regular reports on sales performance, inventory turnover, and other key performance indicators.
6. Forecasting and Planning:
- Develop sales forecasts and demand plans to guide purchasing decisions and inventory management.
- Collaborate with various departments to align merchandising strategies with overall business goals.
7. Vendor Management:
- Build and maintain strong relationships with vendors and suppliers.
- Evaluate vendor performance, negotiate terms, and address any issues that may arise.
8. Budgeting:
- Collaborate with finance teams to develop and manage the merchandising budget.
- Track and report on budget variances, making adjustments as necessary.
9. Trend Analysis:
- Stay informed about industry trends, consumer preferences, and market changes to make informed decisions about product assortment and merchandising strategies.
10. Team Leadership:
- Lead and supervise a team of merchandising professionals, providing guidance, training, and support.
Requirements:
- A bachelor's degree in business, marketing, or a related field.
- Relevant experience in merchandising, retail, or a related field.
- Strong analytical, negotiation, and communication skills.
- Familiarity with merchandising software and tools.
- Ability to work collaboratively with cross-functional teams.
Designation
Merchandising Manager
Key Skills
Industry
FMCG
Functional Area
Training & Assessment
Employment Type
Full Time
Education
Bachelor Degree
Job Type
Work From Office
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