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Roles / Responsibilities: 1. Business Planning and Budgeting - Participate in the annual business planning and provide inputs to the top management. Create the overall product and merchandizing strategy for the business - Analyze strengths, weaknesses, opportunities and threats vis a vis competition and assess market opportunity - Oversee the category management with the objective of maximizing sales and profits Plan and approve the merchandising budget for the category/brand 2. Buying - Forecasting Group sales demand per channel. - Reviewing existing stock holding and purchasing seasonal stocks to meet channel sales targets, maximising unit throughput efficiencies and minimise seasonal end stock mark-downs. - Select product purchase mix to achieving sales targets and achieve overall brand collection offering via retail and wholesale channels - With knowledge of product components, suppliers' local costings and additional inbound costings (freight, duty etc.) negotiate purchase prices in order to achieve desired margins - Identify and regularly review potential suppliers and negotiate commercially viable contracts to achieve target product costing, improve margins and operating cash cycle - Build and maintain effective working relationships with suppliers and implement standard Company purchase policy. 3. Merchandise and Assortment Planning - Determine high-level financial goals including pre-season financial plans, in-season projections, open-to-buy management and new store budgets - Prepare and monitor Concept merchandise MIS analytics based on actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs etc - Discuss, decide and freeze the concept merchandise strategic plans around the following factors - Sales, Stock, OTB, Margins, Forward Cover etc - Subgroup level Sales, Order Quantity, Allocation, Replenishment etc - Assortment - Style, Price, Brand, Supplier etc - Keep abreast of the latest trends in Merchandise Planning and discuss the same with the Category Manager from time to time to assess alignment / realignment of existing processes 4. Inventory Stock Optimization - Ensure optimum inventory levels are maintained across Concept & Territories keeping in mind store requirements as well as working capital constraints - Ensure that no instances of stock outs occur on account of any discrepancy on part of merchandise planning - Ensure excess inventory is not maintained at the warehouses or the stores and there is proper adherence to the concept/territory ageing policy 5. Category Promotions - Provide inputs on the expected margins, possible price points and other parameters for promotions within the product category - Analyse the effectiveness of the promotions in achieving the targeted levels of sales and margins - Analyze the existing stock levels and liaise with the Marketing/VM/Buying team for timely roll out of promotional campaigns to maintain the territory / warehouse inventory holding norms as well to achieve targeted sales 6. In-season Management - Ensure effective in-season management through regular analysis and action planning across concept and territory based on the performance around the following anchors - Sales vs Stock - Inflows/OTB - Stock analysis -Stock balancing - Margin analysis -Communicate and facilitate action to be taken on out-of-line situations with Territory Managers -Visit territories and stores to be abreast with product performance and trends 7. People Management - Oversee team deployment and drive motivation levels of the direct reports. Work Experience: Minimum 10-15 years of experience in the Fashion Retail Industry. An effective communicator and dynamic go-getter with strong leadership, team management, negotiations, coordination and analytical skills management, negotiations, coordination and analytical skills. Personal traits required: - Motivated, High-performance orientated with excellent relationship building and influencing skills - Sound commercial understanding - Logical / analytical thinking - Ability to multi-task in a fast-paced environment - Ability to handle and deal with international brands with excellent communication skill and presence of mind. - Ability to visualize and anticipate needs at retail based on shop layout / fixtures and ensure assortments meet all needs.

Noida

Head - Buying & Merchandising 

Job Description for Head - Buying & Merchandising  in ABC Consultants in  Noida for (10-15) years of experience. Apply Now!

Head - Buying & Merchandising  | iimjobs.com