Job Description
Key Responsibilities:
Category Strategy and Planning:
- Develop and articulate a comprehensive category strategy aligned with overall business goals.
- Analyze market trends, competition, and consumer behavior to inform category decisions.
- Define product assortment and pricing strategies for the category.
Product Assortment Management:
- Oversee the selection, development, and curation of products within the category.
- Collaborate with product teams to ensure the product mix aligns with the category strategy.
- Monitor inventory levels and make recommendations for restocking or discontinuing products.
Supplier and Vendor Management:
- Identify and negotiate with suppliers and vendors to source products for the category.
- Build and maintain strong relationships with key suppliers and negotiate favorable terms.
- Ensure that products meet quality and compliance standards.
Pricing and Promotion:
- Set pricing strategies for products within the category to optimize profitability.
- Work with the marketing team to develop promotional and pricing strategies.
- Monitor pricing trends in the market and make adjustments as necessary.
Sales and Revenue Growth:
- Collaborate with the sales team to achieve revenue targets for the category.
- Analyze sales performance and customer feedback to identify opportunities for growth.
- Develop sales forecasts and budgetary plans for the category.
Quality Assurance and Compliance:
- Ensure that all products within the category meet quality standards and compliance regulations.
- Address any product quality or safety issues promptly and effectively.
- Implement and oversee quality control processes.
Market and Competitor Analysis:
- Stay informed about market trends, competitors, and emerging industry developments.
- Use data and analysis to identify gaps and opportunities within the category.
- Develop strategies to maintain a competitive edge.
Qualifications and Education Requirements
Graduate/Diploma/PG in design/apparel merchandising, NIFT (GMT/FD/Textile /KDT/D&D), Pearl academy (IFTP)
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