Senior Merchandiser \xe2\x80\x93 Furniture

The job holder will be responsible for developing strategic buying plans for the assigned category to achieve the strategic and financial objectives of Home Box. Also, responsible to ensure smooth buying operations through Product Sourcing, vendor identification, evaluation and selection for the category.

Business Planning & Category Management:

\xc2\xa7 Develop comprehensive business plans that are consistent with the company\'s overall goals and strategies.

\xc2\xa7 Category SWOT analysis vis a vis competition and assess market opportunity for the his/her category.

\xc2\xa7 Monitor & review the performance of category business plans by using appropriate scorecard

\xc2\xa7 Oversee the category management with the objective of maximizing sales and profits

\xc2\xa7 Plan and approve the merchandising budget for the category

\xc2\xa7 Discuss, decide and freeze the merchandise plans (pricing, promotion and assortment) and ensure effective in season management

Product, Trend & Market Research

\xc2\xa7 Keep abreast of the latest trends in buying and assess realign the existing processes

\xc2\xa7 Identify and leverage alternate buying opportunities to source products and to ensure that company maintains its competitive edge by constant renegotiation

\xc2\xa7 Ensure effective communication, collation and follow-up on various product requirements and findings obtained from the sales/store data

\xc2\xa7 Gather information from Industry trade groups or through trade shows/market visits

Vendor Management

\xc2\xa7 Develop an adequate vendor base for the company through attending Fair & Exhibitions

\xc2\xa7 Build and maintain relationships with vendors and suppliers and negotiate the best deals with them for procuring merchandise

\xc2\xa7 Maintain contact with vendors; update list of vendors for bidding purposes; attend product demonstrations, obtain samples and literature regarding potential products and vendor capabilities and confer with end users

\xc2\xa7 Identify, evaluate and select appropriate vendor mix to achieve business objectives

Order Management

\xc2\xa7 Place orders for the new items and initiate repeat orders for the categories he is responsible based on the buying plan and ensure merchandise is delivered as per the plan based on the agreed service level agreement.

\xc2\xa7 Monitor sales and movements of the new launched products and suggest merchandise planners to initiate re-orders or to de-list the range if it is not moving

\xc2\xa7 Implement financial and credit services agreement with the vendor that maximize profit and positively contribute to cash flow

Market & Competition study

\xc2\xa7 Market & competition study in categories he is responsible and suggests new product ranges accordingly

Skill:

3-5 years of relevant experience from buying (Furniture preferably) & from Retail industry

Good knowledge of Furniture category

Knowledge in Retail planning & Merchandising is must with Strong Analytical skills

Must be from design background (Ex: NIFT)

Vendor management & Strong negotiation skill

Planning and organizing skills

Commercial business acumen

Market research & Competition study

Qualifications

Senior Merchandiser \xe2\x80\x93 Furniture

The job holder will be responsible for developing strategic buying plans for the assigned category to achieve the strategic and financial objectives of Home Box. Also, responsible to ensure smooth buying operations through Product Sourcing, vendor identification, evaluation and selection for the category.

Business Planning & Category Management:

\xc2\xa7 Develop comprehensive business plans that are consistent with the company\'s overall goals and strategies.

\xc2\xa7 Category SWOT analysis vis a vis competition and assess market opportunity for the his/her category.

\xc2\xa7 Monitor & review the performance of category business plans by using appropriate scorecard

\xc2\xa7 Oversee the category management with the objective of maximizing sales and profits

\xc2\xa7 Plan and approve the merchandising budget for the category

\xc2\xa7 Discuss, decide and freeze the merchandise plans (pricing, promotion and assortment) and ensure effective in season management

Product, Trend & Market Research

\xc2\xa7 Keep abreast of the latest trends in buying and assess realign the existing processes

\xc2\xa7 Identify and leverage alternate buying opportunities to source products and to ensure that company maintains its competitive edge by constant renegotiation

\xc2\xa7 Ensure effective communication, collation and follow-up on various product requirements and findings obtained from the sales/store data

\xc2\xa7 Gather information from Industry trade groups or through trade shows/market visits

Vendor Management

\xc2\xa7 Develop an adequate vendor base for the company through attending Fair & Exhibitions

\xc2\xa7 Build and maintain relationships with vendors and suppliers and negotiate the best deals with them for procuring merchandise

\xc2\xa7 Maintain contact with vendors; update list of vendors for bidding purposes; attend product demonstrations, obtain samples and literature regarding potential products and vendor capabilities and confer with end users

\xc2\xa7 Identify, evaluate and select appropriate vendor mix to achieve business objectives

Order Management

\xc2\xa7 Place orders for the new items and initiate repeat orders for the categories he is responsible based on the buying plan and ensure merchandise is delivered as per the plan based on the agreed service level agreement.

\xc2\xa7 Monitor sales and movements of the new launched products and suggest merchandise planners to initiate re-orders or to de-list the range if it is not moving

\xc2\xa7 Implement financial and credit services agreement with the vendor that maximize profit and positively contribute to cash flow

Market & Competition study

\xc2\xa7 Market & competition study in categories he is responsible and suggests new product ranges accordingly

Skill:

3-5 years of relevant experience from buying (Furniture preferably) & from Retail industry

Good knowledge of Furniture category

Knowledge in Retail planning & Merchandising is must with Strong Analytical skills

Must be from design background (Ex: NIFT)

Vendor management & Strong negotiation skill

Planning and organizing skills

Commercial business acumen

Market research & Competition study

Landmark Group