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15/09 Anureet Kaur Khurana
Talent Acquisition Manager at Randstad India

Views:102 Applications:30 Rec. Actions:Recruiter Actions:0

Senior Manager - Buying & Merchandising - Cosmetics (5-10 yrs)

Gurgaon/Gurugram Job Code: 978420

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

Women-friendly workplace:

Maternity and Paternity Benefits

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