To achieve sales and gross margin objectives by estimating needs and preferences of the customer and buying merchandize to fill those needs.
Key Responsibility Areas
Under the guidance of Senior Merchandizing Manager and within the framework of NNGR Policy and Quality/Image positioning, develop a merchandizing strategy for the gross profits and controlled element of net profit.
Prepare monthly buying plans, actual and variance for last month’s buying plan.
Negotiate with vendors for favored terms, discounts and transportation allowance, conduct on-going performance rating for each vendor.
Frequently exploring new merchandize trends and new vendors. Test new items in the market and bring them to Store early if it is a promising product.
Identify and maximize fast selling items, identify slow sellers and take timely action to dispose them off.
Inform Stores in advance about new products’ arrivals, features, list [product sheet].
Note and analyze the effects of advertising on your products.
Every month first week, send list of new products to all the stores for their requisition.
Documentation – see that all documentation – P.O., Payment Voucher, Sales Analysis are correct, on time and completely filled.
Check the reported stock shrinkage of your department, analyze the reasons and resolve it.
Participation in stock checks.
Job Specification:
Prepare the data for appraisal.
Review sales budget for the month, stock and plan your purchases
Review all vendor performance and update them
Prepare the variance report for all your department
Action plan for all your slow movers for the month
The plan of new category/product.
Review the performance of new product introduced during the month
Vendor return – barcode, shortages, defective, damages has been documented.