Senior Manager - Buying & Merchandising Cosmetics International brands Essential Duties & Responsibilities: - Inventory Management - Profitability - Inventory MOH- as per company guidelines - Assist in setting of clear price structures to meet pre agreed margins, at prices appropriate to the market. - Order planning and forecasting - Supply Chain co-ordination with International and local brands in order to ensure timely and correct stock availability. - Stock replenishment and planning to all company stores, online & wholesale partners - Onboarding new brands and management of brands for Boddess retail format Key Accountabilities: - Budgeting - Forecasting and Planning Purchase. - Category Management - Stock/Inventory Management - Sales Monitoring, - Pricing & Margins - Promotional planning - Stock Management - Brand Management & Communications - Wholesale Business - Managerial - MIS Job Details: Budgeting : - Prepare annual, seasonal and monthly purchase budget as per sales estimates/ buying commitment - Manage budgeted wholesale billing with the selection of merchandise to meet these targets - Review Budgets weekly throughout season, recommending and taking appropriate action - Calculate cost of reductions. - Forecasting and Planning Purchase. - Monthly and total budgeted buys & forecasting as per business plan, maintaining the approved MOH Category Management - Ensuring Healthy Growth of all Categories & Brands - Stock Management - Effectively manage stock within a specific merchandise group in order to maximize sales opportunities and profit, including coordinating with stores. - Monitor and manage inter stock transfer / consolidation requirements - Effectively maintain and manage catalogue throughout the season. - Ensure maximum profitability through the end of season reduction period - Ensure maximum profitability through the end of season reduction period and reducing BBE stock in time. - A and AA of total inventory as per business plan. - Limited Edition as per business plan - Non-Retail as per business plan - Discontinued as per business plan Sales Monitoring, Recording - Through regular and effective communication with store ensure that prompt action is taken to respond to fast and slow merchandise. - Undertake regular visits to the stores of competition brands/retailers and keep abreast of market trends, competitive environment in terms of pricing, product introductions, new launches etc. - Margin/ Price Setting - Pricing strategy for new brands entering the market - New product pricing Setting of clear price structures to meet pre agreed margins, at prices appropriate to the market. Promotional planning - Device monthly/seasonal promotions /sales period plan to maximize sale based on brand guidelines. - Through knowledge of the local market and current stock position identify opportunities for value promotions and implement, as appropriate. Stock Management - Effectively manage stock within a specific merchandise group in order to maximize sales opportunities and profit, - Effectively maintain and manage catalogue throughout the season. - Ensure maximum profitability through the end of season reduction period and reducing BBE stock in time. - Brand Management & Communications - Communicating and managing brand principals for a smooth functioning of buying process - Ensure timely coordination and communication with front end teams to provide all relevant information in order to increase performance Wholesale Business - Weekly planning, allocation, returns for shoppers, Lifestyle, Ecommerce Managerial - Manage team with setting clear objectives and following up performance. - Make recommendations for the development of systems and processes which will benefit the whole system MIS - Daily - Sales Report/ LFL /Sales Tracker/ KPI. - Weekly - New Store Analysis/ Sales/ KPI/ Category Contribution/Stock Report. - Monthly - Operating Synopsis Reports/ Operating Summary. - Monthly - Market Commentary and Sales performance Report. Monthly Margin/Discount Report. Principle Reporting. - Monthly/Quarterly- Sales Analysis- Store wise/City wise - CY Target and Monthly Tracking by Store. - FY Target and Monthly tracking by Store. - All reports for Principle Presentations as when required. - All reports required by different departments. - Special stores report in drag of negative. Performance Goals: Measurable: - Individual Productivity - Accuracy and Completeness of documents/reports. - Attendance and punctuality. - Supply chain and OOS Management & buying for OOS- Ensure 90% store fulfillment in each category. - Wholesale Target- Wholesale reconciliation to be less than 0.1% of net wholesale sale - Meet store opening Timelines as per Business Plan. - Meet new store Cost Target with the budgeted amount Non-Measurable: Team work - Going beyond the call of duty to satisfy customers/organization's need - Multi-Functionality - Self-Motivation - Positive attitude - Timely and accurate information to superiors

Gurgaon/Gurugram

Senior Manager - Buying & Merchandising - Cosmetics 

Senior Manager - Buying & Merchandising - Cosmetics  ,Job Description for Senior Manager - Buying & Merchandising - Cosmetics  in Randstad India in  Gurgaon/Gurugram for (5-10) years of experience. Apply Now!

Job Description for Senior Manager - Buying & Merchandising - Cosmetics  in Randstad India in  Gurgaon/Gurugram for (5-10) years of experience. Apply Now!