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79 Titan Company Jobs
Manager-Inventory Merchandising
10-12 years
Bangalore / Bengaluru
1 vacancy
Manager-Inventory Merchandising
Titan Company
posted 1mon ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
Job Description:
Job Description
Unique Job Role
Inventory Manager- Jewellery Merchandising
Function
Merchandising
Reporting to
Head Inventory & Cluster
Business
Jewellery
Grade
Date
---
Job Details
The role is responsible for planning and deployment of merchandise Investments with the objectives of maximising sales and profitability while improving on inventory effic
External Interfaces
Internal Interfaces
Vendors
Third Party Service Providers
External Consultants
Franchisee partners
Auditors
Regional/Corporate sales team
Category Team
Marketing Team
ISCM teams
Design, IT and Commercial Teams
Analytics Team
Job Requirements
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
Process Contributions
Key Work Processes
Process Outcome
Performance Measure
Demand Planning and Merchandise Deployment
1. Development of product segment wise forecast of sales on a rolling basis to plan for inventory build-up
2. Preparation and Monthly Sign-off on rolling quarter sales and production planning with the SLT team
3. Inputs and Recommendation on Annual Sales and Inventory Budget planning for all FG stocks
4. Product segment wise planning of merchandise investment to drive strategic initiatives such as Wedding segment and Hero Markets
5. Aggregate store Norm finalisation and Cascade to regional sales teams for all L1/L2 stores
6. Finalisation of Category-Price Band wise investment for all product groups
7. Periodic Review and course correction of norms
8. Planning and timely indent placement to drive availability for all seasonal/activation requirements
Annual business planning
Store/Product Group Wise Norms
Rolling sales/Production Planning
Top line Growth
Alignment to Rolling Plan
Strategic Interventions Growth
Availability of right merchandise mix at all stores
1. Availability of adequate and relevant merchandise at all times to ensure:
a) Right product mix is maintained at all stores
b) Alignment to the firmed up norms
c) Focus on specific interventions such as Key Value Indicators and market specific hero categories
2. Review and deployment of Merchandise for specific interventions such as Exhibitions, Mela and Roadshow
3. Deployment of Wild card investments along with regional sales team to tap into potential of specific markets/product segments
4. Anchor first assortment planning process for all New stores and ensure availability of right mix at the time of launch
5. Review and plan for increase in Distribution of High Margin product lines in specific markets along with category team
6. Plan, Review and approve OTB limits for all category price bands
7. Handle and ensure In-season stock management by ensuring availability of relevant products across all markets
8. Planning and deployment of New Product replenishment buffers with emphasis on Ad variants
Alignment Vs Norms
Seeding/Scaling new concepts
Merchandising Mix
ADV Penetration
Conversion
Ticket Size
New Stores Performance
New Product replenishment
Productivity of Merchandise Investments
1. Adherence of actual inventory to overall Inventory Budget on a monthly basis
2. Review and action planning for store wise inventory performance to reduce dispersion in Turns across clusters
3. Periodic finalisation and review of SKU List for building Aggregated Central buffers to enable pull based daily replenishment
4. Dynamic Planning and Deployment of SKU wise cover to minimize stock outs
5. Deployment of Central buffers to address specific business problems
6. Drive Process improvements to increase share of consumer facing inventory
7. Drive process improvements to reduce idle inventory in the system across all FG bins including MTO products
Reduction in Turn Dispersion
Replenishment Buffer Management
Budget Utilization
Inventory Turns
Replenishment Efficiency
Aged Stock Management
1. Drive process improvements to increase stock rotations with the objective of reducing share of aged stock
2. Drive penetration of bestsellers and aggregation of model stock across relevant product segments
3. Drive increase in availability of fresh inventory in the stores
4. Review and drive product group based sell-through targets
5. Drive timely compliance to Vendor/BBPM returns and melting policy
6. Extend support in increasing sale of aged variants through regular Best Deal Interventions
7. Development and deployment of seasonal inventory build-up framework to reduce incidence of aging due to bulk indenting for seasons/activations
Growth in Rotation Volume
Model stock aggregation
RTV Compliance
Aged Stock Share
Bestseller share
Best Deal performance
Freshness Index
Key Skills:
Vac. Id: 11218
Employment Type: Full Time, Permanent
Read full job descriptionPrepare for Merchandiser roles with real interview advice
What people at Titan Company are saying
Merchandiser salary at Titan Company
reported by
5
employees
with 3-5
years exp.
₹3
L/yr - ₹12.8
L/yr
81%
more
than the average Merchandiser Salary in India
View more details
What Titan Company employees are saying about work life
based on 2.5k employees
Flexible timing
Monday to Saturday
No travel
Day Shift
Titan Company Benefits
Submitted by Company
Employee Assistance Program Internal Career Mobility Rewards and Recognition Employee Friendly Policies Health Benefits
Submitted by Employees
View more benefits 
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Titan Company Bangalore / Bengaluru Office Locations
Bengaluru/Bangalore, Karnataka Office
Headquarter
Titan Company Limited, Tower A, Golden Enclave, Airport Road, Bangalore, Karnataka 560017, IN
Bengaluru/Bangalore, Karnataka
Bengaluru Office
All India Institute Of Local Self Government, Komarla Plaza, 1st floor, 3rd Main, 8th Cross, Margosa Road, Malleshwaram, Near SBI Bank, Opp Sudarshan Family store, Above Titan Eye+ Optical Show room
Bengaluru
Karnataka 560003
Karnataka 560003
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