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Senior Manager - Buying and Merchandising

Senior Manager - Buying and Merchandising

ConfidentialNoida, India
8 days ago
Job description

Job Description

Responsible for end-to-end buying and planning activities including seasonal range assortment, OTB planning, sales trend analysis, and inventory management. The role involves preparing sell-through reports, managing stock allocation and replenishment, and driving liquidation strategies for slow-moving inventory. Works closely with production teams to monitor the TNA calendar and ensure timely product deliveries. Collaborates with cross-functional departments such as design, sales , marketing, and warehouse to support smooth product lifecycle execution and achieve business objective.

Key Responsibilities :

1.Buying :

  • Identify and select products that align with the company's merchandising strategy and customer demand.
  • To finalize the Buy order quantity and MRP finalization
  • Analyze market trends, competitorstrategies, and customer preferences to make informed buying decisions.
  • Manage purchase orders, ensuring timely procurement and stock availability.

2.Merchandise Planning & Inventory Management :

  • Develop seasonal and annual merchandise range plans based on sales forecasts and customer preferences.
  • 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, through analyzing weekly sell thru performance.
  • Create and monitor OTB plans across categories to ensure effective budget utilization and efficient stock flow and minimize over buying.
  • Allocation Planning : Execute store wise product allocation and replenishment plans to maintain ideal stock level across all retail and online channels.
  • 3.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 productlaunches with sales strategies.
  • 4.Collaboration & Coordination :

  • Work closely with teams like production, warehouse, design, sales, and marketing to curate product assortments.
  • Coordinate with retail operations to ensure smooth execution of merchandising plansin 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.
  • Ability to handle multi-category planning.
  • Understanding of retail buying cycles, trends, and pricing strategies.
  • Strong communication, collaboration, and decision-making skills.
  • Proficiency in Microsoft Excel & other inventory management software.
  • Qualifications & Experience

  • Bachelor's / Master's degree in Merchandising, Fashion or a related field
  • 5+ years of experience in buying, planning, or merchandising in Luxury retail, fashion, or a related industry.
  • Experience in demand planning, purchase order management, and sales analysis. We also welcome experience with e- commerce merchandising and omnichannel retailing.
  • Knowledge of retail math and key merchandising metrics (sell- through, gross margin, stock turnover rate)
  • Show more

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    Skills Required

    Data Analytics, Demand Planning, Microsoft Excel, Sales Analysis

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    Manager Merchandising • Noida, India

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