Product Area Manager

3 days ago

Kirby Muxloe, Leicestershire, United Kingdom Poundstretcher Full time

Job Title: Product Area Manager

Job Summary:

We are seeking a highly skilled Product Area Manager to join our team at Poundstretcher. As a key member of our Merchandising function, you will be responsible for optimising the profitability of a designated product area.

Key Responsibilities:

  • Develop and implement seasonal buying plans through thorough analysis of historical data and understanding of future trends and activities.
  • Set and agree core KPIs with the Buyer in terms of sales, stock intake phasing, margin, stockturn, markdown, and terminal stock.
  • Translate agreed KPIs into a range framework in conjunction with the Buyer.
  • Work with the Buyer to develop commercial ranges within this framework.
  • Establish initial stock intake plans and stock covers within this framework.
  • Ensure final ranges meet the targets outlined above.
  • Jointly with the Buyer, deliver range within the critical path.
  • Plan and control the initial product intake phasing.
  • Plan and control mailer/event availability.
  • Ensure product delivery is in line with the stock distribution strategy.
  • Facilitate stock delivery to plan through close liaison with Allocation/DC/Stores.
  • Maximise opportunities and minimise risks of the performance of the area by monitoring actual performance versus plan and taking remedial action as necessary.
  • Maintain effective control of open-to-buy management, intake, despatch, DC, and store stock levels.
  • Accurately forecast markdown spend and terminal stock.
  • Complete and maintain corporate core data/forecasting and statistical tools.
  • Provide ad-hoc analysis in respect of all aspects of the above.
  • Maintain comprehensive data records for immediate and future analysis.
  • Maintain a full and working knowledge of the product, supply chain, competitors, and wider retail market to maximise the performance of the product area.
  • Develop close working relationships with all product-related departments to encourage co-operation and achievement of KPIs.

Requirements:

  • Commercial awareness (ideally of Poundstretcher's product and customer profile).
  • Self-motivated.
  • Ability to cope with multiple tasks retaining a high level of accuracy.
  • Able to find and extract data and develop a full understanding and awareness of business systems relative to fulfilling the role.
  • Good communication and interpersonal skills.
  • Displays self-confidence and initiative.
  • Demonstrates effective team-working skills.
  • Hardworking and flexible attitude to work.
  • Tenacious.
  • Good numerical and analytical ability.
  • Takes a proactive approach to learning, not reliant only upon company training opportunities.

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