Merchandiser

Total Experience - 2- 4years

Designation - Assistant Merchandiser

Role and Responsibilities

Asst/Deputy Merchandiser is responsible for managing the stock and intake of each option within a department throughout its life, ensuring that availability is maintained at all times and in accordance with the assortment plan and to execute agreed actions to maximize the sales and profitability of each option at minimum risk. Key deliverables for the position are as following:

• To accurately phase sales, stock, margin, markdown and intake plans and projections for the brand by week, taking into account historical performance future trends, prevailing market trends and new store openings, and to structure the buy to deliver the required level of profitability at minimum risk.
• Integration with internal customers (Retail, Store planning, Visual Merchandisers) and external customers (consumer).
• Regularly track Competition's activities and consumer's needs and buying pattern.
• Budget - To manage budgeted department expenditure within agreed levels.
• Ensuring that availability is maintained throughout the product's life and that re-buys and cancellations are actioned in a timely manner.
• Maintaining a balanced mix of product at all times, and to effectively execute the agreed exit policy.
• To determine the footage requirement for the department for each grade of stores so that the optimum range can displayed while delivering the planned returns per square foot.
• To conduct the annual review of supplier performance with QA and buying
• To liaison with vendor base and marketing for promotional activities.
• To pursue and recover all monies due from vendors as a result of performance penalties or markdown and promotional contributions.
• Development of subordinates - To ensure that the skills of all direct reports are fully developed through a balance of training and coaching, and to manage individual performance so that full potential can be realized.
• To assist the merchandiser in the preparation of all performance analysis, participate in all regular reviews and presentations, and contribute to the development of merchandising processes and practices

Qualifications and Education Requirements

Graduate/Diploma in design/apparel merchandising, MBA-Marketing, NIFT (GMT/FD/Textile D&D), Pearl academy (IFTP). MBA- Marketing/ Operations/ Finance; NIFT

Preferred competencies

Ability to work cross functional and adapt to SSL culture and values.

Ability to understand and adapt to business sales and profitability nuances in current market.

Ability to understand and adapt to existing and new trends in the market.

Learn and exhibit great merchandising knowledge, skills and best practices to improve inventory turn.

Strong analytical & commercial Orientation.

Preferred Industry

Beauty / Garment/ Retail / Export Houses/FMCG