Lead-Merchandising

1 week ago

Bengaluru, Karnataka, India Titan Full time
Job Requirements

Job Title: Lead Merchandising

Company: Titan

We are seeking a highly skilled and experienced Lead Merchandising professional to join our team at Titan. As the Lead Merchandising, you will be responsible for overseeing all aspects of category expertise within the Jewellery-SMR sector. 

Key Responsibilities:

Develop and approve the seasonal sale forecast and offer sales profitability forecast

  1. Review and approve the annual store-wise product group sales mix
  2. Develop and approve the product mix and other initiative plans for the stores assigned under hero markets 
  3. Design and approve the annual plans for new product introduction and penetration as per the forecasted demand plan
  4. Design and approve the annual collection launch plans and activation plans 
  5. Design, develop and approve any national level interventions targeted towards boosting sales of concerned SKUs 
  6. Design and approve interventions for effective market analysis like exhibition, melas, road shows etc. to boost sales
  7. Review the product universe periodically and provide inputs for improvements to the category managers through gap analysis based on customer and store staff feedbacks, opportunity analysis based on vendor feedbacks etc. 
  8. Provide inputs and insights into the pricing policy changes 
  9. Review the integration of Mia strategic growth levers into the merchandising plan
  10. Collate data and provide inputs for sign off on the merchandising plan with the senior management
  11. Approve the modified inventory expansion plan across the stores annually or on demand basis
  12. Manage and control the mark-up model (stone & making charges) on F1 & F2 
  13. Plan and organise Gross Contribution benchmarking activity across relevant competitors 
  14. Design and develop the discount pay-out and variance management and seek final approval from Head Merchandising Jewellery
  15. Plan the offer/ discount management activity along with the team and seek approval from Brand Head Jewellery on the designed plan
  16. Manage the making charge variance across regions and seek approvals on changes from Head Merchandising Jewellery
  17. Provide insights and develop the calendarized offers and activation schemes based on sale projections and profitability
  18. Develop schemes and strategy to ensure liquidation of SKUs and approve adhoc/ regional activations targeted towards improving focussed sales
  19. Provide insights on the product resourcing/ movement of manufacturing setup from vendor.
  20. Approve the list of focus stores based on inputs from regional teams like wedding destination stores etc.
  21. Approve the integration of Tanishq growth levers with the sales plan

Qualifications:

- MBA from premier institute

years of experience in merchandising, preferably within the Jewellery, Fashion category

- Strong analytical skills and ability to interpret data to make informed decisions

- Excellent communication and interpersonal skills

- Proven track record of driving sales and profitability through effective merchandising strategies

If you are a dynamic and results-driven individual with a passion for the Jewellery-SMR industry, we invite you to apply for the Lead Merchandising position at Titan. Join us and be a part of a leading brand in the industry.

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