Vice President

1 day ago

Bangkok, Bangkok, Thailand King Power Full time

Job Summary:

The Vice President of Merchandising is responsible for overseeing the merchandising strategy, ensuring alignment with the company's financial objectives and customer needs. This role encompasses budget control, Open-to-Buy management, product assortment strategies, and team leadership to drive sales growth and inventory optimization.

Key Responsibilities:

  • Merchandising Strategy:

  • Develop and execute a comprehensive merchandising strategy that aligns with overall business goals.

  • Analyze market trends and customer insights to enhance product assortment and pricing strategies.

  • Budget Control:

  • Set and manage the annual merchandising budget, ensuring expenses are controlled and aligned with forecasts.

  • Monitor sales trends and make informed spending decisions to maximize profitability.

  • Open-to-Buy (OTB) Management:

  • Implement effective OTB strategies to optimize inventory levels and ensure adequate stock for sales opportunities.

  • Analyze monthly sales and inventory levels to make timely adjustments to OTB plans.

  • Collaboration and Leadership:

  • Lead and mentor the merchandising team, fostering a culture of excellence and teamwork.

  • Collaborate with cross-functional teams, including marketing, sales, and finance, to ensure cohesive strategies and execution.

  • Performance Analysis:

  • Establish key performance indicators (KPIs) to measure the success of merchandising initiatives.

  • Conduct regular analysis of sales performance, inventory turns, and markdown effectiveness.

  • Vendor Relations:

  • Build and maintain strong relationships with key vendors and suppliers to negotiate favorable terms and drive product innovation.

  • Collaborate with suppliers to assure product quality and timely delivery.

  • Market Research:

  • Conduct competitive analysis and market research to identify new trends, opportunities, and risks.

  • Stay informed on industry developments and adjust strategies as needed.

Qualifications:

  • Bachelor's degree in Business, Merchandising, or a related field; MBA preferred.

  • Minimum 10 years of experience in merchandising, with at least 5 years in a leadership role. Experience in budget control and OTB management required.

  • Skills:

  • Strong analytical and financial acumen.

  • Proven ability to develop and execute merchandising strategies that drive results.

  • Excellent leadership, communication, and interpersonal skills.

  • Proficiency in merchandising software and data analysis tools.

  • Ability to travel as needed for vendor meetings and trade shows.

  • Strong negotiation skills and a results-oriented mindset.

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