Implement the merchandising strategy and NPI for Precia Collections (a graceful collection of gemstone jewelry) in alignment with the overall merchandising and business strategy to achieve growth and profitability of the business.
- Create and seek approval of unique design codes. - Interface and coordinate with designers, engineers, planners, and others associated with accomplishing the work. - Negotiate with manufacturers and suppliers to meet the company and customer’s expectations. - Maintain the product catalogue and design bank for Precia collections. - Facilitate New Product Introduction (NPI) meetings with Merchandising representatives. - Design planogram and assortment mix to maintain the appropriate amount and design of stock to cater to customer preferences. - Gain inputs regarding catchment preferences, peak seasons and campaigns planned through external research. - Manage the rotation of aged/dead stock to maximize inventory turn. - Provide inputs regarding the guidelines for vendor returns of Precia collections to help finalize vendor contracts. - Identify stock redistribution among stores through analytics dashboard for effective stock shuffling. - Identify dead stock to be melted/returned to vendors in order to minimize MGD losses .
Required Skills:
- Business communication skills, particularly facilitation, negotiation and presentation skills - Strong interpersonal and planning skills
