Merchandising Manager- Luxury Premium Jewelry Brand

Job Description:

Responsibilities: • Plan and develop merchandising strategies that balance customers’ expectations and company’s objectives. • Production Forecast: Providing an accurate and high-quality forecast supported by historical Sales, business plans, marketing events, sell through patterns, liabilities, planed contingencies. • Liquidation of Merchandise: Performing SKU-wise, category-wise sales-stock analysis, identify slow moving categories/Articles or Dead Inventory and provide the feedback to the management for means of liquidating the same and EOSS strategies. • Merchandise Allocation: Maintains in stock goals through effective product distribution. Analyse sales history and trend to maximize sales potential by developing allocation strategies that maintain proper store inventory levels. • Stock allocation and redistribution of stock to maintain expected Sell through. • Production & Supplier Plans: Preparing monthly plans in Production Planning System (PPS) by analysing projected sales, stock in hand, supplier production capacity and new arrivals to make perfect merchandise assortment and then passing on to supplier plans ensuring smooth supply chain management. • Review Sales & Marketing historical inputs; analysing sales pattern, determining exceptions on monthly basis and monitoring demand forecast exceptions and ensuring to address action plans. • Collaborate with internal factory/s, suppliers, distributors, and analysts to negotiate prices, quantities, and timescales. • Visual Merchandise: Produce layout plans for stores and maintain store shelves and inventory. • Remain up to date with industry’s best practices and market trends. • Proactively manage & maintain Omnichannel merchandising & Instore Visual merchandising. • Financial Planning: Works with all teams monthly to deliver sales, turnover and profit goals and understand sales and markdown trends. Partner with teams in order to forecast inventory and turnover for specific seasonal and basic product flow strategies. • Forecast profits/sales and plan budgets