Merchandiser - Knitted/Knitwear Garments (3-10 Yrs) Mumbai (B2C/Retail/Channel Sales)

Position Objective:The job holder will be responsible for maximizing sales and profitability in the business by providing effective merchandise strategies, planning and in season management of assortments and inventory level for Concept.DO Key Responsibilities:- Merchandise Financial, Strategic and Assortment Planning- Maximise Sales and profitability for the Concept- 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- Ensure creation of merchandise plans for all department/category based on insights gained from merchandise analytics, customer preference, historical trends and future outlook projected by the buyerDiscuss, decide and freeze the concept merchandise strategic plans around the following factorsi. Financials: Sales, Stock, OTB, Margins, Forward Cover etc.ii. Store: Subgroup level Sales, Order Quantity, Allocation, Replenishment etc.iii. Assortment: Style, Price, Brand, Supplier etc.
-Communicate the merchandise strategic plan to buying team for necessary execution- Ensure effective in season management across territories (stock balancing, markdown management, stock analysis, stock vs sales performance)- Review the merchandise plans on a periodic basis to ensure profit is maximized and maintained to reach target levels- Ensure that the standards of Merchandise procedures and Methodologies are maintained and kept uniform - 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 processesInventory Stock Optimization:- Ensure optimum inventory levels are maintained at Concept/Territory 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 policyCategory Promotions:- Provide inputs on the expected margins, possible price points and other parameters for promotions within the product category - Analyze 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 salesIn season Management:- Ensure effective in season management through regular analysis and action planning across concept and territory based on the performance around the following anchorsi. Sales vs Stockii. Inflows/OTBiii. Stock analysisiv. Stock balancing o 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- Monitor, Manage and Improvise Planning MIS- Ensure adequate merchandise performance (ref:updazz.com)

Payroll Type : Permanent