Merchandising Jobs in Chennai,Vellore - EL SANTOS

Duties vary depending on the company and the particular retail sector, but will typically include:

• planning product ranges and preparing sales and stock plans in conjunction with buyers
• liaising with buyers, analysts, stores, suppliers and distributors
• maintaining a comprehensive library of appropriate data
• working closely with visual-display staff and department heads to decide how goods should be displayed to maximise sales
• producing layout plans for stores, sometimes called 'statements'
• forecasting profits and sales, and optimising the sales volume and profitability of designated product areas
• planning budgets and presenting sales forecasts and figures for new ranges
• controlling stock levels based on forecasts for the season
• using specialist computer software, for example to handle sales statistics, produce sales projections and present spreadsheets and graphs
• analysing every aspect of bestsellers (for example, the bestselling price points, colours or styles) and ensuring that they reach their full potential
• maintaining awareness of competitors' performance
• monitoring slow sellers and taking action to reduce prices or set promotions as necessary
• gathering information on customers' reactions to products
• analysing the previous season's sales and reporting on the current season's lines
• making financial presentations to senior managers
• accompanying buyers on visits to manufacturers to appreciate production processes
• meeting with suppliers and managing the distribution of stock, by negotiating cost prices, ordering stock, agreeing timescales and delivery dates and completing the necessary paperwork
• identifying production and supply difficulties and dealing with any problems or delays as they arise
• managing, training and supervising junior staff