1. Merchandising Planning & Strategy
Develop and execute comprehensive Merchandising planning strategies to optimize inventory turnover, gross margin, and sell-through rates across all diamond jewelry categories.
Analyze sales data, market trends, and competitor activities to identify opportunities for growth and potential risks.
Work closely with the Sales and Marketing teams to forecast demand and align merchandising efforts with promotional calendars.
2. Inventory Management & Product Refill
Lead the entire Product refill process, ensuring consistent and timely replenishment of best-selling items across retail and wholesale channels.
Monitor stock levels meticulously to execute timely Refill of stock orders, minimizing out-of-stock situations and maximizing sales opportunities.
Manage inventory allocation, transfers, and consolidation to maintain balanced stockholding across all points of sale.
3. Product Lifecycle Management (NPD)
Drive the strategic pipeline for New Product Development (NPD) from concept to launch, collaborating with Design, Production, and Quality Control teams.
Maintain and manage the Sample line inventory, ensuring all samples are current, accurately tracked, and available for sales meetings, exhibitions, and photoshoots.
Coordinate the preparation and maintenance of product specifications, cost sheets, and pricing for all new and existing collections.
4. Buying & Collection Management
Execute strategic Collection wise purchase decisions, determining the depth and breadth of stock needed for each jewelry collection based on planned sales and historical performance.
Negotiate terms and pricing with suppliers to achieve favorable costs while ensuring product quality and adherence to ethical sourcing standards.