Merchandise Manager
newtrends international corporation- Posted 10 hours ago
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Job Description
Demand Planning:
· Develop and implement demand forecasting models to accurately predict product demand across various channels and markets.
· Analyze historical sales data, market trends, and other relevant factors to enhance forecast accuracy and minimize inventory risks.
· Collaborate with sales, marketing, and finance teams to incorporate promotional activities, seasonal variations, and market dynamics into demand forecasts.
· Monitor inventory levels and performance metrics to identify potential demand-supply imbalances and proactively recommend corrective actions.
Merchandising Strategy:
· Develop and execute merchandising strategies that align with company objectives, brand positioning, and customer preferences.
· Conduct regular market research and competitor analysis to identify emerging trends, customer demands, and opportunities for product assortment optimization.
· Work closely with vendors and suppliers to negotiate favorable terms, pricing, and product exclusivity agreements.
· Collaborate with the marketing team to develop effective product launch plans, promotions, and visual merchandising strategies to drive sales and enhance brand visibility.
Inventory Management:
· Optimize inventory levels and assortments to maximize sales, minimize stockouts, and reduce excess inventory holding costs.
· Implement inventory replenishment strategies, including order optimization, allocation, and allocation to ensure product availability while minimizing carrying costs.
· Monitor inventory aging and clearance strategies to minimize obsolescence and maximize profitability.
· Utilize inventory management.
People Management:
- Lead, coach, and mentor a team of merchandisers/planners providing guidance and support to ensure high performance and professional growth.
- Foster a collaborative and results-driven work environment that promotes teamwork, innovation, and continuous improvement.
- Provide training and development opportunities to enhance the skills and capabilities of the merchandising team.
Qualifications:
- Bachelor's degree in business administration, industrial engineer, or a related field.
- With atleast 7 years of related experience for the role.
- Proven experience in merchandising, product management, or retail buying, preferably in the retail industry in the Philippines.
- Strong analytical skills with the ability to interpret data, analyze trends, and make data-driven decisions.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and build relationships with suppliers and vendors.
- Strategic mindset with a focus on driving business results and achieving financial targets.
- Leadership capabilities with experience in leading and developing high-performing teams.
- Proficiency in Microsoft Excel, PowerPoint, and other relevant software applications.
More Info
Key Skills
demand forecasting models
inventory replenishment strategies
