SR. Merchandiser

3 weeks ago

Mumbai, India JM Jain Full time
  • Merchandising Strategy and Planning:Develop and implement merchandising strategies aligned with the organization's goals and target market
  • Conduct market research and analysis to identify customer preferences, market trends, and competitors' activities
  • Plan product assortments, including product selection, pricing, and inventory management, based on market demands and sales data
  • Collaborate with the buying team to ensure timely procurement of products, considering factors such as lead time, seasonality, and availability
  • Vendor Management and Product Sourcing:Identify, evaluate, and negotiate with vendors and suppliers to secure favorable terms, pricing, and product quality
  • Establish and maintain strong vendor relationships, ensuring timely delivery, resolving issues, and managing vendor performance
  • Source new products and suppliers, staying updated with industry trends and identifying opportunities for innovation and differentiation
  • Product Development and Lifecycle Management:Work closely with product development teams to define product specifications, features, and designs based on customer preferences and market trends
  • Coordinate the product development process, from concept to production, ensuring adherence to timelines and quality standards
  • Manage the product lifecycle, monitoring sales performance, conducting product reviews, and making recommendations for assortment adjustments or product discontinuations
  • Pricing and Promotion Strategies:Set pricing strategies, considering factors such as product costs, market demand, competitive analysis, and profit margins
  • Analyze pricing data, sales trends, and customer behavior to identify opportunities for price optimization and promotional activities
  • Collaborate with the marketing and sales teams to develop and execute effective promotional campaigns, discounts, and sales events
  • Sales Analysis and Performance Monitoring:Monitor product sales performance, analyzing data and key performance indicators (KPIs) to identify growth opportunities and areas for improvement
  • Conduct sales forecasting and demand planning, ensuring optimal inventory levels and avoiding stockouts or overstock situations
  • Generate reports and provide insights on sales trends, product performance, and market dynamics to management and cross-functional teams
  • Qualifications:Bachelor's or Master's degree in Business Administration, Merchandising, Marketing, or a related field
  • Proven experience in merchandising, product management, or a similar role within the retail or wholesale industry
  • Strong understanding of merchandising principles, retail trends, and consumer behavior
  • Knowledge of market research and analysis techniques, including data interpretation and forecasting
  • Experience in vendor management, negotiation, and supplier relationship management
  • Excellent analytical and problem-solving skills, with the ability to interpret and utilize sales and market data effectively
  • Proficiency in using merchandising software, inventory management systems, and data analysis tools
  • Strong communication and interpersonal skills, with the ability to collaborate and influence cross-functional teams
  • Leadership and team management abilities, with a focus on motivating and developing team members
  • Results-driven mindset, with the ability to meet targets, drive revenue growth, and optimize product performance

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