- Provide inputs based on the analysis conducted and implementation of MGD's inventory allocation strategies, merchandise assortment, and other related strategies. - Monitor store category sales and plan tools and design strategies to increase financial performance for all merchandise. - Conduct analysis & derive suggestions for planogram, product life cycle, and inventory allocation strategies in MGD Retail Pan India to facilitate decisions on the choice & presentation of the product. - Prepare and upload Planogram for the new store/renovation/amendments in coordination with store/region/headquarters. - Plan inventory up-stocking and assortment mix in MGD retail according to the study conducted on timing and scope of seasonal changes. - Conduct demand and sales forecasting on a monthly basis and review by analyzing data and MIS derived and suggest rectifications in physical inventory. - Assist in developing the supply strategies in collaboration with the Senior Management which will minimize stockouts while maximizing inventory turnovers. - Identify product life cycles and publish them in advance to avoid Slow/Non-moving stocks/Entry and Exit plans. - Conduct analysis of portfolio management/design bank to ensure design/category presence as per the product policy and norms. - Ensure adherence to the process followed for placing the order, SCM Processing, and confirm the fine-tuning of the system.
Coordination
- To work closely with the Product Category Managers in retail chains for designing methods to audit product categories, sales trends, product positioning by providing findings to make accurate decisions. - Provide guidance, about selling patterns and the timing of future purchases to Regional Merchandisers to eliminate the risk of product unavailability. - Analyze financial performance of merchandisers and recommend suggestions to improve the same. - Support in providing training to merchandising team on report preparations and technical skill development. - Conduct study on store-wise data and provide inputs to the procurement team regarding stock level, NPI, etc.
Reports & MIS - Conduct and present in-depth sales analysis to identify strengths, weaknesses, threats, and opportunities within the product concept. - Use technological landscape which can be deployed for Merchandise analysis (such as planogram creation, product analytics) to improve efficiency and accuracy. - Support the preparation of analytical dashboards and act as a point of contact for all analytical developments related to merchandising. - Maintain all business-related data, perform regular analysis on the same and update stakeholders on sales trends, product life-cycle, etc. in a timely manner. - Generate & pull data from relevant software and derive performers and non-performers in product categories so that future solutions can be developed to address needs. - Publish Planogram adherence/adoption reports to Management and provides guidance to make it live and active. - Prepare financial and statistical reports for the merchandising department and derive & initiate appropriate decisions for the same. - Monitor all merchandising matrices and develop innovative strategies for analyzing consumer patterns and present the data analysis to the Senior Management for key decision making.
