Retail Merchandiser-Leading Luxury Retail Company-Gurgaon

Job Description

The Buying & Planning role is responsible for managing the procurement and inventory planning process to ensure optimal stock levels, maximize profitability, and align with sales targets. This role involves supplier negotiations, demand forecasting, inventory management, and collaboration with cross-functional teams to drive business growth. Key Responsibilities: Buying & Procurement: Identify and source products that align with the companys merchandising strategy and customer demand. Build and maintain relationships with suppliers, negotiating terms, pricing, and delivery schedules. Analyze market trends, competitor strategies, and customer preferences to make informed buying decisions. Manage purchase orders, ensuring timely procurement and stock availability. Merchandise Planning & Inventory Management: Develop seasonal and annual merchandise plans based on sales forecasts and business objectives. Monitor inventory levels to optimize stock turnover and reduce markdowns. Coordinate with supply chain and warehouse teams to ensure efficient stock movement and replenishment. Utilize data analytics to identify slow-moving and fast- selling products, adjusting procurement plans accordingly. Sales & Performance Analysis: Analyse sales performance, profitability, and key merchandising metrics to make data-driven decisions. Identify underperforming categories and recommend action plans for improvement. Work closely with marketing and store teams to align promotions and product launches with sales strategies. Collaboration & Coordination: Work closely with vendors, designers, and product development teams to curate product assortments. Coordinate with retail operations to ensure smooth execution of merchandising plans in stores or online. Partner with finance to manage budgets, pricing strategies, and margin optimization. Key Skills & Competencies Strong analytical and forecasting skills for demand planning and sales projections. Excellent negotiation and vendor management abilities. Proficiency in inventory management and merchandise planning tools. Understanding of retail buying cycles, trends, and pricing strategies. Strong communication, collaboration, and decision-making skills. Proficiency in Microsoft Excel, ERP, or other inventory management software.