JOB SUMMARY
The Merchandising Manager is responsible for overseeing the company's merchandising operations, including product selection, pricing management, inventory coordination, product presentation, and promotional activities. The position ensures that merchandise is competitively priced, properly monitored, and aligned with the company's sales objectives and business strategies.
DUTIES AND RESPONSIBILITIES
1. Pricing Management
- Develop, implement, and monitor product pricing strategies.
- Manage and maintain accurate and updated selling prices of all merchandise.
- Regularly review and update product prices to reflect supplier price changes, market conditions, competition, and company pricing policies.
- Monitor price adjustments, markdowns, discounts, and promotional pricing.
- Ensure timely implementation and communication of approved price changes to all branches.
- Coordinate with Purchasing, Accounting, and other concerned departments regarding pricing updates and adjustments.
- Ensure that all branches are using the latest approved price lists.
2. Merchandising Operations
- Oversee the selection, distribution, and presentation of merchandise across all branches.
- Ensure proper product assortment based on customer demand, sales performance, and market trends.
- Monitor product availability, slow-moving items, and aging inventory.
- Recommend appropriate merchandising strategies to improve product movement and profitability.
- Coordinate with suppliers and concerned departments regarding product information, availability, and pricing.
3. Sales and Promotional Management
- Develop merchandising strategies to support sales targets and company objectives.
- Coordinate with the Marketing Department regarding product promotions, discounts, and special offers.
- Recommend promotional activities for slow-moving and aging merchandise.
- Monitor the effectiveness of merchandising and promotional strategies.
4. Monitoring and Reporting
- Prepare and submit regular reports on pricing updates, price adjustments, product performance, and inventory movement.
- Monitor compliance of all branches with approved selling prices and merchandising guidelines.
- Identify pricing discrepancies and recommend corrective actions.
- Provide Management with recommendations on pricing strategies and merchandising improvements.
5. Team and Department Management
- Supervise, guide, and evaluate merchandising personnel.
- Establish departmental goals, priorities, and performance standards.
- Ensure timely completion of assigned tasks and reports.
- Coordinate with other departments to ensure smooth merchandising operations.
QUALIFICATIONS
- Bachelor's degree in Business Administration, Marketing, Management, or a related field.
- With relevant experience in merchandising, retail operations, pricing management, or inventory management.
- Knowledgeable in product pricing, price adjustments, market analysis, and inventory monitoring.
- Strong analytical, organizational, and leadership skills.
- Proficient in Microsoft Excel and other relevant computer applications.
- Ability to make sound business decisions and manage multiple priorities.