Merchandiser

Bachelor degree

Key Responsibilities:

1. Product Development and Sourcing:

• Collaborate with design and production teams to develop new products.
• Source materials and suppliers that meet quality and cost requirements.
• Negotiate favorable terms and pricing with suppliers.

2. Order Management:

• Manage the order lifecycle, from placement to delivery.
• Monitor production schedules to ensure timely product delivery.
• Resolve issues arising during production or delivery processes.

3. Quality Control:

• Ensure all products meet quality standards and specifications.
• Conduct quality checks throughout the production stages.
• Address quality issues promptly and implement corrective measures.

4. Inventory Management:

• Monitor and optimize inventory levels to prevent overstocking or stockouts.
• Coordinate with warehouse teams for effective stock movement and storage.
• Implement control measures to maintain ideal inventory levels.

5. Market Analysis and Reporting:

• Research market trends and customer preferences.
• Analyze sales data to assess product performance and identify improvement opportunities.
• Prepare reports on merchandising activities and KPIs for management.

6. Vendor and Supplier Management:

• Build and maintain strong relationships with vendors and suppliers.
• Monitor vendor performance and resolve any issues promptly.
• Ensure timely and accurate vendor payments.

7. Collaboration and Communication:

• Collaborate across departments, including sales, marketing, and production, to align strategies.
• Present merchandising plans to stakeholders and incorporate their feedback.
• Communicate progress and plans to senior management effectively.

Key Result Areas (KRAs):

1. Product Development Efficiency:

   • Reduce product development cycle time by 15%.

2. Order Fulfillment:

   • Achieve a 95% on-time delivery rate.

3. Quality Control:

   • Maintain a product defect rate of less than 2%.

4. Inventory Optimization:

   • Reduce excess inventory by 20% and maintain stockouts at less than 5%.

5. Market Responsiveness:

   • Ensure 90% alignment of product offerings with market trends.

Key Performance Indicators (KPIs):

1. Product Development Cycle Time:

   • Reduce cycle time by 15%.

2. On-Time Delivery Rate:

   • Maintain a 95% on-time delivery rate.

3. Product Defect Rate:

   • Keep product defects under 2%.

4. Inventory Turnover Rate:

   • Achieve 4 inventory turnovers annually.

5. Market Alignment Rate:

   • Maintain a 90% market alignment rate for new products.

Qualifications and Experience:

• Education: Bachelor's degree in a relevant field (preferred).
• Experience: 3-5 years of experience in the apparel industry.
• Skills:
  • Strong negotiation and vendor management skills.
  • Proficiency in analyzing sales data and market trends.
  • Excellent organizational and communication skills.
  • Knowledge of inventory management and quality control practices.

Compensation:

• CTC: ₹45,000 to ₹50,000 per month.