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Merchandising Manager

The Human Circle

Experience

4-6 Years

Salary

10-15 Lakhs

Location

Delhi-New Delhi

Posted - 156 days ago

Applications - 5

Vacancies- 1

Join the The Human Circle team as a Full Time Merchandising Manager on Erekrut, specializing in Merchandising Manager in the FMCG industry. We are seeking talented individuals with a passion for Training & Assessment and educational qualifications ranging from 4-6 Years. Apply now on Erekrut to take the next step in your career with a leading global company.

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

Budget ManagementBudgetingForecasting and PlanningMerchandisingMerchandising ManagerPricing StrategySales AnalysisSales PlanningTrend AnalysisVendor CoordinationVendor Management