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Merchandising Executive-Category

Merchandising Executive-Category

Titan Company

5 - 8 years

7 - 10 Lacs

Bengaluru

Posted:18 hours ago| Platform:

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Skills Required

Category management Product management Business acumen Product development

Work Mode

Work from Office

Job Type

Full Time

Job Description

Job
Asst. Category Manager for Solitaire Diamond Segment - To drive and facilitate sales at retail stores by ensuring merchandise mix in the stores and analyzing overall market trends & competition while studying the respective store catchment areas to ensure continuity in the product supply and also improve the profit margins
Category and Product Management

Develop the product mix and other initiative plans for the stores assigned under identified focus markets

Analyzing best selling products and accordingly tweak assortment plans to ensure each store has the best possible assortment

Plan and manage specific offer/ discount management activity along with the team

Manage the entire product lifecycle by doing universal rationalization

Propose pricing of products for the specific products which are Managed by Exception from the pricing framework

Participate in competitive Price Benchmarking exercise

New Product Introduction based on bottom-up feedback / UR Gap /Market visit

Maintain a dedicated product library at a design/stone level

Perform Sell through analysis for products at an attribute and market level

Manage design selection and for the finalized designs - Coordinate with NPI team for code creation

Analyze & Initiate the product rotation depending on high propensity of sale based on historic performance and current potential of the store/market

Assortment and Inventory Initiatives

Achieve Category Top-line Targets as per planned category-Price Band sales

Develop the boutique level split of category based on the sale target evaluation

Develop the minimum range and norms at store level based on sales plan and turn targets

Ensure sufficient norms to achieve sales

Support in cascading the norms developed across all stores and ensure deployment

Work with Buying team to ensure OTBs are done within prescribed TAT post receipt of stock gaps

Ensure Stock alignment against pre-set stock norms in line with defined assortment (model stock)

Collaboration with other Stakeholders

Gather inputs from markets to arrive at a business plan and later plan the building blocks for sale for respective product groups. Develop iterations and seek approvals on the annual store-wise product group sales mix

Closely co-ordinate with retail sales team on specific requirements to facilitate sales in specific product categories or in specific product designs

Obtain bottom-up feedback from stores and incorporate the same in new product introduction

Close co-ordination with manufacturing and supply chain teams to ensure TAT adherence on supporting activities

Coordinate with Vendors for developing new designs or timely product delivery

Provide inputs on national level interventions targeted towards boosting sales of concerned SKUs

Coordinate with retail teams in rolling out interventions like exhibitions, mela\u2019s, road shows etc. to boost sales

Coordination with Ecom team to ensure Solitaire segment presence and bestsellers in the Website

Collaborate with Marketing (Communications) team to create product or category specific campaigns

Collaborate with Inhouse design and manufacturing team for new designs, refresher products and other product development

Collaborate with Stone Sourcing teams to get unavailable but required stones

Category Ownership to Drive Business

Assist in Training content development, FAB to front end - digital and other media

Driving growth by deploying innovative retail programs driving higher share of wallet from customers

Creation of Incentive programs for frontend retail teams to drive business

Work with Retail teams and Customer order team to ensure specific products required which are not readily available are manufactured and reach the stores in time

Work closely with Franchise/Business associates for specific requirements

Drive Primary sales for the category for stores being run as FOFO stores

Work Experience

Education Graduate (Necessary); Post Graduate (Preferred)

Relevant Experience 3-5 years with experience in Jewellery/fashion/garments industry

Behavioral Skills Customer orientation, Collaboration, Aesthetic Sense, Ownership and Accountability

Knowledge Product & Category management experience, Business acumen, Analytical ability

Programs/Software Knowledge MS Excel (Necessary); Oracle (Preferred)

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Titan Company

Consumer Goods - Watches and Jewelry

Bangalore

6,000+ Employees

441 Jobs

Key People

C.K. Venkataraman

Managing Director
Bhaskar Bhat

Former Managing Director
Rajesh G. K. Rao

Chief Financial Officer

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Merchandising Executive-Category