Merchandising Buyer

2 days ago

Manila, National Capital Region, Philippines Primer Group of Companies Full time ₱900,000 - ₱1,200,000 per year

Job Summary

The
Merchandising
Buyer
 maintains a commercially balanced and evolving merchandise program; aims to achieve profitability and hastened merchandise movement through effective buying and inventory management.

Duties and Responsibilities

Merchandise Planning and Buying

  • Formulates and monitors OTB plan as approved by Merchandising Manager;
  • Supports Merchandising Manager in setting directions through proactive feedback on the effectiveness of previous and current merchandise strategies as well as identification of focus, growth, and exit areas;
  • Puts together a commercially balanced product range reflective of agreed business plans, market positioning and customer profile which may include e.g., SMU, Online exclusives;
  • Communicates and negotiates with suppliers regarding samples, orders, FOB prices, MOQs and brand building support among others
  • Prepares line plan and works with Channel Merchandiser on distribution strategies and applicable revisions once orders have arrived

Inventory Management

  • Monitors sell through at brand level of products and proactively takes action to ensure maximum sales and profit is achieved
  • Monitors and assesses correctness of current product mix and makes appropriate actions to maximize bestsellers, minimize risks and identify gaps in the market
  • Monitors inventory levels and aging and takes action to bring them to profitable levels
  • Discusses and coordinates with Brand Person on promotions to improve product sell-through.
  • Implements discounting and depletion strategies that are timely and maximizes profit both online and offline

Monitoring and Assessment

  • Handles participation in merchandising initiated sale events and/annual bodega sale.
  • Coordinates with Account Executives on inquiries, orders, stocks and reports relating to corporate orders.
  • Reviews any other pertinent documents and forms related to the department and its staff (i.e. Price List, Remittance Advice, Request for Payments, etc.)

Market Intelligence

  • Builds on product knowledge and category expertise through familiarization with competitor and complement brands' product ranges, pricing and positioning.
  • Conducts regular store visits and validates flow of merchandise strategy from back-end to front-end and considers appropriate actions to improve.
  • Attends trade exhibits and meetings with principals/suppliers as assigned.
  • Builds on customer, market and competitor intelligence; establishing similarities and differences in doors per grading band, size or area

People Management

  • Works closely with the Merchandise Head on workload of the merchandise team and recommends necessary prioritization.
  • Trains, coaches and develops more junior members of merchandising team thus improving their competencies and increasing overall team productivity.
  • Develops and conducts product training for door staff and Merchandising Assistant.

Job Qualifications

  • Bachelor's Degree in Business Management, Entrepreneurship, Marketing, or any related course.
  • At least 3 years work experience in merchandising, marketing, and retail business.
  • Oral and Written Communication
  • Analytical Problem Solving
  • Customer Focus
  • Product Knowledge
  • Time Management
  • Organization
  • Leadership
  • Interpersonal Relationship
  • Decision Making
  • Computer Proficiency (MS Applications, etc.)

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