Job Description
The role described focuses on merchandise and stock management within a retail or wholesale environment, with an emphasis on achieving financial goals and maximizing profitability. Key responsibilities include:
Merchandise Management:
- Develop and communicate inventory forecasts to merchandising and buying teams.
- Support in budgeting and forecasting sales, margins, and stock levels by store/brand/season.
- Implement markdown and promotional strategies to maximize profitability.
- Analyze vendor performance and provide insights to support buyers' decision-making.
- Deliver weekly sales and performance analysis at store and department levels.
- Collaborate with logistics to manage inventory and ensure timely delivery for launches.
Stock Management:
- Forecast optimal stock levels and develop reports for monitoring.
- Manage stock transfers to maximize sales and minimize markdowns.
- Assist in stock re-buys, cancellations, and markdown management.
- Ensure accurate tracking of stock movement and timely updates across functions.
Planning and Execution:
- Conduct in-depth analysis for range and promotional planning.
- Prepare seasonal range plans and perform complex analysis to support assortment, pricing, and inventory decisions.
- Monitor stock-to-sales ratios and adjust strategies to meet targets.
- Analyze KPIs and provide updates to the merchandising and buying teams.
Financial Controls and Profitability:
- Conduct quantitative analysis to optimize profitability and identify risks.
- Collaborate with buyers to develop markdown strategies for financial success.
- Monitor and take action on bestsellers to ensure they reach full potential.
- Address slow sellers by implementing price adjustments, promotions, or stock movement.
- Overall, the role is highly analytical, requiring strong collaboration with various teams to ensure smooth inventory flow, optimized sales, and achievement of financial targets.
Preferred Candidate
Residence Location
Kuwait
Degree
Bachelor's degree / higher diploma