Job Description Responsible for end-to-end buying and planning activities including seasonal range assortment, OTB planning, sales trend analysis, and inventory management. The role involves preparing sell-through reports, managing stock allocation and replenishment, and driving liquidation strategies for slow-moving inventory. Works closely with production teams to monitor the TNA calendar and ensure timely product deliveries. Collaborates with cross-functional departments such as design, sales , marketing, and warehouse to support smooth product lifecycle execution and achieve business objective. Key Responsibilities: 1.Buying : • Identify and select products that align with the company’s merchandising strategy and customer demand. • To finalize the Buy order quantity and MRP finalization • Analyze market trends, competitorstrategies, and customer preferences to make informed buying decisions. • Manage purchase orders, ensuring timely procurement and stock availability. 2.Merchandise Planning & Inventory Management: • Develop seasonal and annual merchandise range plans based on sales forecasts and customer preferences. • Monitor inventory levels to optimize stock turnover and reduce markdowns. • Coordinate with supply chain and warehouse teams to ensure efficient stock movement and replenishment • Utilize data analytics to identify slow-moving and fast- selling products, through analyzing weekly sell thru performance. • Create and monitor OTB plans across categories to ensure effective budget utilization and efficient stock flow and minimize over buying. • Allocation Planning : Execute store wise product allocation and replenishment plans to maintain ideal stock level across all retail and online channels. 3.Sales & Performance Analysis: • Analyse sales performance, profitability, and key merchandising metrics to make data-driven decisions. • Identify underperforming categories and recommend action plans for improvement. Work closely with marketing and store teams to align promotions and productlaunches with sales strategies. 4.Collaboration & Coordination: • Work closely with teams like production, warehouse, design, sales, and marketing to curate product assortments. • Coordinate with retail operations to ensure smooth execution of merchandising plansin stores or online. • Partner with finance to manage budgets, pricing strategies, and margin optimization. Key Skills & Competencies • Strong analytical and forecasting skills for demand planning and sales projections. • Ability to handle multi-category planning. • Understanding of retail buying cycles, trends, and pricing strategies. • Strong communication, collaboration, and decision-making skills. • Proficiency in Microsoft Excel & other inventory management software. Qualifications & Experience • Bachelor’s / Master’s degree in Merchandising, Fashion or a related field • 5+ years of experience in buying, planning, or merchandising in Luxury retail, fashion, or a related industry. • Experience in demand planning, purchase order management, and sales analysis. We also welcome experience with e- commerce merchandising and omnichannel retailing. • Knowledge of retail math and key merchandising metrics (sell- through, gross margin, stock turnover rate)
Job Title
Senior Manager - Buying and Merchandising