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Category Manager
2 weeks ago
Job description:
Key Responsibilities:
- Must stay informed about current market trends, consumer behaviors, and competitor activities to identify opportunities and challenges for their assigned category.
- Develop and implement long-term strategies for their product categories, including product selection, pricing, promotion, and merchandising.
- Build and maintain strong relationships with vendors, negotiating contracts, securing favorable terms, and ensuring product availability and quality.
- Responsible for optimizing the product range within their category, ensuring it meets customer needs and maximizes profitability.
- Develop and implement pricing strategies and promotional plans to drive sales and increase market share.
- Work closely with various departments, including marketing, sales, supply chain, and finance, to ensure alignment and effective execution of category strategies.
- Regularly monitor category performance, analyze sales data, and identify areas for improvement.
- Play a role in managing inventory levels to ensure product availability and minimize waste.
- Identify and resolve issues related to their category, such as supply chain disruptions or product performance problems.
- Effectively communicate category strategies and performance to internal stakeholders and external partners.
Skills Required:
- Strong analytical skills are essential for interpreting data, identifying trends, and making informed decisions.
- Needs to be able to develop and implement long-term strategies.
- Effective negotiation skills are crucial for securing favorable terms with vendors.
- Strong communication skills are essential for interacting with various stakeholders, including vendors, internal teams, and customers.
- Often lead cross-functional teams, requiring strong leadership skills.
- Needs to be able to identify and resolve problems effectively.
- A strong understanding of the products within their category is essential.
- Needs to be knowledgeable about the industry and consumer trends.
- Understanding financial metrics and profitability is important.
