Acting as Assistant Category Manager to manage buying and product selection for the LIFESTYLE category by working closely with brands and collaborating with the planning team. The role ensures timely product availability, optimal inventory levels, and 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 assortments.
- 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 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 issue resolution related to purchasing and supply chain activities.
8. Reporting & Analysis
- Provide daily, weekly, and monthly reports on sales, inventory, PO status, and shipments to inform strategic decisions.
