Merchandising Executive-category

**Job Requirements**

Job Description: Executive
- Category Merchandising Jewellery

**Job DescriptionUnique Job Role**Executive - Category Merchandising Jewellery**Function**Merchandising **Reporting to**Manager Category Merchandising Jewellery**Business**Jewellery **Grade** **Date**-Job DetailsTo ensure right product/ merchandise mix in the stores by analysing overall market trends & competition while studying the respective store catchment areas to ensure continuity in the product supply to improve the profit marginsExternal Interfaces

Internal Interfaces
- Vendors
- Third Party Service Providers
- Regional sales teams
- Design teams
- Product and Brand teams
- ISCM teams
- Support teams
- Job RequirementsEducationGraduate Relevant Experience0- 5 years Behavioural SkillsCustomer orientation
- Detail orientation
- KnowledgeCategory management experience
- Analytical ability
- Process ContributionsProcess ContributionProcess OutcomePerformance MeasureMerchandising: Planning & forecasting: Demand planningCreate the three months rolling sales forecast and develop the sales variance & intervention recommendations
- Provide inputs to develop the tactical offer sale profitability forecast
- Annual business plan
- Year on Year business growth
- Merchandising: Planning & forecasting: Annual Merchandising planningCollect feedbacks from various stakeholders like customers, vendors and store staff and provide inputs on the current Tanishq product universe
- Support the team to develop the merchandising plan with Tanishq strategic growth levers as the fundamental building blocks
- Collate data and supporting information for sign off on the merchandising plan with the senior management
- Identify the list of focus stores based on inputs from regional teams like wedding destination stores etc.
- Annual Merchandising plan
- Year on Year business growth
- Merchandising: Planning & forecasting: Gross Contribution planningCoordinate in creating the mark-up model (stone & making charges) on F1 & F2
- Organise gross contribution benchmarking activity across relevant competitors
- Provide inputs to design discount pay-out and variance management and seek final approval from Head Merchandising Jewellery
- Provide support to develop the offer/ discount management activity along with the team and seek approval from Head Merchandising Jewellery on the designed plan
- Provide inputs to design the making charge variance across regions and seek approvals on changes from Head Merchandising Jewellery
- Gross Contribution plan
- Year on Year margin growth
- Merchandising: Pricing: Promotion & Markdown strategyProvide inputs to conduct evaluation of scheme & promotions effectiveness and propose countermeasures
- Identify poor performing products and suggest improvements
- Ensure the Seasonal offer deployment and coordinate with relevant teams like retail, commercial, IT etc. post the offer for smooth transition
- Promotion Calendar
- Year on Year business growth
- Year on Year margin growth
- Customer satisfaction score
- Merchandising: Policy Changes Support the team and provide information to design policy alteration to accommodate low GC products using geography and product attributes
- Policy documents
- Customer satisfaction score
- Merchandising: PricingProvide support to conduct the competitive Price Benchmarking exercise
- Create the product attribution for price benchmarking
- Provide support for new product pricing through attribute-based pricing, AMC revisions and gross margin review
- Pricing model
- Year on Year revenue growth
- Customer satisfaction score
- Merchandising: Product Management: Product Portfolio ManagementProvide support to manage the entire product lifecycle from inception to product retiral
- Provide inputs on range expansion within a collection
- Collate the BBPM performance evaluations for all vendor returns
- Allocate the New Product Introduction tagging on the identified products
- Provide inputs on the model stock recommendations for assortment planning
- Assist to raise indents for regular products - full trousseau, best seller during season etc.
- Identify new dedicated product library to consume slow moving inventory to improve operational efficiency
- Provide support and information to develop the sell through analysis for lifecycle management and approve countermeasures
- Life cycle management document
- Year on Year business growth
- Customer satisfaction score
- Merchandising: Product Management: New Product DevelopmentCollate the bottom-up feedback on new products
- Provide support and information to create the assortment plan for new products - region/customer segment specific based on inputs
- Provide support to conduct periodic canvassing with L3s for indent enhancement, seasonal up stocking etc. to improve new product penetration
- Provide support to introduce of future scalable collections/concepts via Pilots - VPIM, BBPM
- New product introduction calendar
- Year on Year business growth