Titan Hiring Graduates, Postgraduates

Overview:

Titan is hiring an experienced Manager-Inventory Merchandising at their Bangalore, India location.

The complete details of this job are as follows:

Roles and Responsibilities:

Demand Planning and Merchandise Deployment

• Development of product segment wise forecast of sales on a rolling basis to plan for inventory build-up
• Preparation and Monthly Sign-off on rolling quarter sales and production planning with the SLT team
• Inputs and Recommendation on Annual Sales and Inventory Budget planning for all FG stocks
• Product segment wise planning of merchandise investment to drive strategic initiatives such as Wedding segment and Hero Markets
• Aggregate store Norm finalisation and Cascade to regional sales teams for all L1/L2 stores
• Finalisation of Category-Price Band wise investment for all product groups
• Periodic Review and course correction of norms
• Planning and timely indent placement to drive availability for all seasonal/activation requirements.

Availability of right merchandise mix at all stores

• Availability of adequate and relevant merchandise at all times to ensure:
• Right product mix is maintained at all stores
• Alignment to the firmed up norms
• Focus on specific interventions such as Key Value Indicators and market specific hero categories
• Review and deployment of Merchandise for specific interventions such as Exhibitions, Mela and Roadshow
• Deployment of Wild card investments along with regional sales team to tap into potential of specific markets/product segments
• Anchor first assortment planning process for all New stores and ensure availability of right mix at the time of launch
• Review and plan for increase in Distribution of High Margin product lines in specific markets along with category team
• Plan, Review and approve OTB limits for all category price bands
• Handle and ensure In-season stock management by ensuring availability of relevant products across all markets
• Planning and deployment of New Product replenishment buffers with emphasis on Ad variants

Productivity of Merchandise Investments

• Adherence of actual inventory to overall Inventory Budget on a monthly basis
• Review and action planning for store wise inventory performance to reduce dispersion in Turns across clusters
• Periodic finalisation and review of SKU List for building Aggregated Central buffers to enable pull based daily replenishment
• Dynamic Planning and Deployment of SKU wise cover to minimize stock outs
• Deployment of Central buffers to address specific business problems
• Drive Process improvements to increase share of consumer facing inventory
• Drive process improvements to reduce idle inventory in the system across all FG bins including MTO products

Aged Stock Management

• Drive process improvements to increase stock rotations with the objective of reducing share of aged stock
• Drive penetration of bestsellers and aggregation of model stock across relevant product segments
• Drive increase in availability of fresh inventory in the stores
• Review and drive product group based sell-through targets
• Drive timely compliance to Vendor/BBPM returns and melting policy
• Extend support in increasing sale of aged variants through regular Best Deal Interventions
• Development and deployment of seasonal inventory build-up framework to reduce incidence of aging due to bulk indenting for seasons/activations

Education

• Graduate/Post Graduate

Relevant Experience

• 10 -12 years of experience( Preferably Retail/Merchandising/SCM)

Behavioural Skills

• Customer orientation
• Critical Thinking
• Interpersonal/Influencing skills
• Process Orientation
• Communication Skills
• Detail orientation
• Knowledge
• Category/Merchandising management experience
• Business acumen
• Analytical ability
• Retail/B2C industry

To Apply For This Job, Visit Official Website

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