To manage buying and product assortment for the assigned brand. The role ensures the right products for right channels; balanced product availability, optimal inventory levels in alignment with sales and profitability goals.
1. Buying process
- Work directly with brands to manage the buying process, including issuing purchase orders (PO) and aligning product assortment across channels.
- Ensure timely and accurate communication with brands regarding order status, deliveries, and inventory needs.
2. Demand Planning & Forecasting
- Collaborate with the planning team to ensure that buying decisions align with demand forecasts and inventory strategies.
- Provide input and coordinate with the planner on forecast adjustments, stock needs, and replenishment schedules.
3. Merchandise & Profitability Management
- Optimize the merchandise mix at channel and door level to achieve sales and gross profit (GP) targets.
- Ensure effective stock management to minimize overstock and improve sell-through performance.
4. Inventory & Supply Management
- Oversee PO management, stock transfers, and inventory control, ensuring accurate tracking and stock availability.
- Communicate and adjust supply plans based on actual sales performance and any unforeseen demand changes.
5. Sales & Promotion Analysis
- Continuously review historical sales data, promotional impacts, and forecast accuracy to improve purchasing strategies.
- Provide insights and contingency plans in response to abnormal demand or shifts in market conditions.
6. Product Launches & Coordination
- Manage the execution of new product launches, promotional activities, and packaging updates through close coordination with brands and internal departments.
7. Cross-Functional Collaboration
- Partner with other departments to ensure alignment on inventory, promotions, and marketing plan for the brand.
8. Reporting & Analysis
- Provide daily, weekly, and monthly reports on sales, inventory, PO status, and shipments to inform strategic decisions.