HR Manager at MNR Solutions
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Merchandising Role - Jewellery (3-5 yrs)
The Merchandiser will be responsible for managing and executing product strategies, planning inventory, and optimizing sales for the Jewellery category. The role requires a balance between creative insight and business acumen to ensure products meet market demand and company profitability.
Key Responsibilities :
Product Planning & Development :
- Collaborate with designers and product development teams to plan, select, and develop jewellery collections aligned with market trends and consumer preferences.
Inventory Management :
- Monitor inventory levels and optimize stock to meet sales targets while minimizing excess stock.
- Forecast product demand and ensure timely replenishment of stock.
Vendor Management :
- Liaise with suppliers and manufacturers to ensure product quality, pricing, and delivery timelines are met.
- Negotiate terms and pricing with vendors to ensure profitability.
Sales Analysis & Reporting :
- Analyze sales trends, consumer demand, and market data to identify opportunities for growth and improvement.
- Prepare regular sales reports and present findings to management for strategic decision-making.
Pricing & Profitability :
- Set pricing strategies in alignment with business goals, considering production costs, market trends, and competitor pricing.
- Monitor margins to ensure profitability and suggest promotional strategies when necessary.
Visual Merchandising :
- Work closely with marketing and retail teams to ensure jewellery products are visually appealing in-store and online.
- Create effective product displays to enhance customer engagement and sales.
Market Research :
- Stay updated on market trends, competitor activities, and consumer preferences to recommend new product ideas and changes to existing lines.
Cross-functional Collaboration :
- Coordinate with marketing, sales, and operations teams to ensure smooth execution of product launches and promotions.
Compliance & Quality Control :
- Ensure all products meet the company's quality standards and comply with industry regulations and certifications.