CTC: As per Market Standards
Work Experience: 2+ Years
Description
- Planning product ranges and preparing sales and stock plans in conjunction with buyers;
- Liaising with buyers, analysts, stores, suppliers, and distributors;
- Maintaining a comprehensive library of appropriate data;
- Working closely with visual Merchandisers and Showroom Manager to decide how products should be displayed to maximize customer interest and sales;
- Producing layout plans for stores, sometimes called ‘statements’;
- Forecasting profits and sales, and optimizing the sales volume and profitability of designated product areas;
- Planning budgets and presenting sales forecasts and figures for new ranges;
- Controlling stock levels based on forecasts for the season;
- Analyzing every aspect of bestsellers (for example, the best selling price points, colors, or styles) and ensuring that bestsellers reach their full potential;
- Maintaining awareness of the competitors’ performance;
- Monitoring slow sellers and taking action to reduce prices or set promotions as necessary;
- Gathering information on customers’ reactions to products;
- Analyzing previous season’s sales and reporting on the current season’s lines;
- Making financial presentations to senior managers;
- Accompanying buyers on visits to manufacturers to appreciate production processes;
- Meeting with suppliers and managing the distribution of stock, by negotiating cost prices, ordering stock, agreeing timescales and delivery dates, and completing the necessary paperwork;
- Identifying production and supply difficulties and dealing with any problems or delays as they arise;