Job Description

Responsibilities :- Product Planning: Determine the product mix, quantities, and assortments to be offered, ensuring alignment with market trends and customer preferences.- Market Analysis: Conduct market research to identify trends, customer needs, and competitive products. Use insights to guide product selection and pricing strategies.- Inventory Management: Monitor inventory levels to ensure optimal stock levels. Coordinate with the production and procurement teams to avoid overstocking or stockouts.- Sales Forecasting: Predict future sales to inform production and purchasing decisions, ensuring the right products are available at the right time.- Supplier Relations: Build and maintain relationships with suppliers. Negotiate terms, pricing, and delivery schedules to ensure high-quality products at competitive prices.- Pricing Strategy: Develop and implement pricing strategies that balance profitability with customer demand. Regularly review and adjust pricing based on market conditions.- Promotion Planning: Collaborate with the marketing team to plan and execute promotional activities, sales events, and new product launches.- Product Display: Ensure that jewelry is displayed attractively and effectively in retail environments and online platforms. Work with visual merchandisers to create appealing displays.- Sales Performance Monitoring: Track sales performance and analyze data to identify trends, best-sellers, and underperforming products. Adjust strategies to maximize sales and profitability.- Customer Feedback: Gather and analyze customer feedback to inform product improvements, new product development, and overall merchandising strategies. (ref:updazz.com)

updazz .com