Manager - Retail Merchandise

DEPARTMENT: Retail Merchandise

FUNCTIONS: Buying & Merchandising

JOB TITLE: Manager - Retail Merchandise

LOCATION: Gurgaon

TEAM SIZE: Nil

REPORTING STRUCTURE: Senior Manager-Retail Merchandise

EXPECTED QUALIFICATION DETAILS: Fashion Retail Management

EXPECTED OVERALL YEARS OF EXPERIENCE: 6-8 years

Purpose of the Job :

To ensure that the planned merchandise mix is achieved on monthly & seasonal basis through appropriate merchandise offering controlled buy, right costs, timely availability of merchandise and enhanced Sell troughs.

Key Result Areas for the Incumbent

Process Responsibilities :

- Analyze, interpret, Suggest, Co-ordinate and support in creating the seasonal Range Architecture based on Past Sales, Trends, Forecasts, Consumer Preferences, Market Research, Market Potential, and gross profit requirement. Act as a custodian in maintaining the Category Merchandise Mix

- Analyze the sales and the sell-through & Range effectiveness to understand Best Sellers and Worst Sellers in a particular season

- Study and analyze customer preferences, product innovations, fits and styles through market research.

- Timely Allocation to the WH for the team to dispatch & ensure the merchandise reaches the stores.

- Tracking of Inwards for each and every style for the season

- Competition Brand Analysis.

- Responsible for Buying and planning for the category

- Ensuring highest sell-through on full price

- Selection of the right merchandise as per historical Sales.

- Replenishment as per day to day sales.

- Permission for the inwards & partial inwards to ensure that merchandise flow is smooth.

People Management Responsibilities :

External:

Customer Interaction to ensure that the customer is getting what he/she is looking out for.

Internal:

- The below Internal stake-holders need to be kept in a loop to ensure that the external stakeholder (customer is happy)

Design for Range Development

- Fabric and Sourcing to ensure Right Product at the right time and price for Sampling as well as Bulk

Financial Responsibilities :

Must work within the allocated budget for the buying

Key Behavioral competencies required to perform this role

Essential :

- Communication

- Initiative

- Problem-solving/ analytical skills

Desirable :

- Raising Productivity/ Planning & Organizing

- Results focused

- Innovation

Key Technical competencies required to perform this role :

Essential :

- Inventory Management

- Product Management

- MS Excel

- Knowledge of Buying & Merchandising

- Knowledge of various Retail tools used: Navision ( as of now).

Desirable :

- An eye for Forecasting the trend (Trend Analysis)

- Competition Analysis

Key Performance Indicators :

- Must ensure that the Right Stock is Available at the Right Place at the Right Price

- Inward Mapping & allocations

- IBTs & Replenishment wherever required within the stipulated timeline

- Must ensure that the Top 10 stores are monitored and pushed to the maximizing profitability.

In order to be considered for the role the ideal candidate should have:

Knowledge of:

- MS Excel and MS PowerPoint as well as Navision retail tool

Possess the following skill sets:

- Communication Skills

- Management of time & Priority Settings

- Problem Identification & Solution