Senior Executive - Merchandiser (Buyer / Inventory Controller / Vendor Development)
Key Responsibilities Include: Category business plan :• Charting out sales strategies and contributing towards enhancing business volumes & growth and achieving revenue and profitability norms• Work on products to maintain an equilibrium for Sales and margin drivers in the category • Negotiating terms of trade with the brands. Creating & implementing systems to ensure smooth functioning of the Business. Monitor & maintain business margins / stock replenishments for all formats.• Generating brands and distributors for the business• Assortment planning for the category and planning forecasting the product lineup Vendor Management:• Sourcing potential vendors in compliance with the company policies and procedures.• Negotiations with the vendors to get the supply of the products at right time and at a competitive price.• Maintaining vendors fill rate & having timely discussion on non-moving items and negotiating promotional offers for the liquidation of the same Product Procurement& development :• Analyzing behavior of existing products in offline retail market and reconfigure the product to make it apt for home shopping business• Visualizing of products (Benefits / Offers / Pricing etc)• Identifying, selecting and sourcing products from the vendor to build a strong product portfolio• Identifying innovative and creative products which fit customer needs and has exclusivity Production & Inventory Management:• Ensuring daily/weekly/monthly availability of stock based on weekly, monthly target and new shoots• Analyzing various reports like consumer buying patterns, sales reports, stocks reports, OTB etc. and developing a strategic plan of action• Achieving sales Target and managing inventory on a weekly basis• Forecast considering vendor production capacity & show performance• Ensuring inventory days to be in control• Keeping track of non-moving/ inventory and planning shows for non performing products in order to liquidate.