Responsible to drive the end-to-end management, performance, and profitability of Gold & Category collections by ensuring design excellence, optimal assortment planning, effective inventory control, and data-driven decision-making aligned with business strategy and customer preferences.
Functional Responsibilities
- Create and seek approval of unique design codes under a design family for Gold & Category identification of designs.
- Ensure and maintain the product catalogue and design bank for products in the Gold & Category collections so that relevant stakeholders have visibility of the available products.
- Evaluate product performance, communicate, and recommend action plans to related stakeholders. Plan entry and existence of assigned Gold & Category collections.
- Ensure newness and freshness by managing your product and design portfolios.
- Responsible for active participation in the NPD/NPI process by understanding business priorities and strategy.
- Guide the Regional Merchandisers in developing the planogram and assortment mix for the Gold & Category Collections in stores based on the criteria defined by the Head of Merchandising to maintain the appropriate amount of stock to cater to customer preferences.
- Monitor photoshoots for products in the Gold & Category Collections so that relevant stakeholders (store heads, regional heads, etc.) have an accurate description and understanding of the product to select the most suitable product. Demand planning and planogram.
- Spearhead discussions with relevant stakeholders (Regional Merchandisers, Store Heads, Marketing etc ) to gain inputs regarding catchment preferences, peak seasons,
and campaigns planned; conduct external research to understand customer preferences and market trends and identify opportunities for efficient growth in the Precia and Era Collections.
- Periodically monitor inventory and review the inventory holdings in stores for Gold & Category Collections to aid in the decision-making of stock requirements to maintain inventory levels.
- Recommend the criteria for aging, dead, or quick- moving stock for the Gold & Category Collections to the Category Head based on past performance data; manage the rotation of aged or dead stock to maximize inventory turn. Dead Stock Management.
- Provide inputs to the Category Head/Sub Category Head regarding the guidelines for vendor returns (for their assigned sub-category) to help finalise vendor contracts.
- Guide the Regional Merchandisers in determining the carrying cost of stocks at a discounted price to manage slow-moving products.
- Responsible for dead stock evaluation and treatment plan proposal preparation.
- Monitor and control dead stock as per the policy and communicate to related stakeholders on the progress, deviations, and corrective measures that need to be taken.
- Identify stock redistribution among stores through the analytics dashboard for effective stock shuffling.
- Identify dead stock to be melted or returned to vendors to minimize MGD losses. MIS & Section Development.
- Maintain a regular track of Precia and Era Collections' performance and regular communication with related stakeholders.
- Support the department head in plotting standard operating procedures.
- Confer with team members to discuss issues, coordinate activities, or resolve problems to facilitate execution excellence.