MERCHANDISER

A merchandiser's job scope includes analyzing sales and inventory, managing stock, and creating sales plans. They also work with suppliers, manufacturers, and retailers to ensure products are available at the right time and place. *Sales and inventory * Analyze sales trends to determine product popularity Monitor sales and identify losses or stock wastage Manage stock levels and set sales targets Track inventory levels and reorder products Avoid stockouts and overstocks *Planning * Create sales plans for stocked products Prepare budgets, sales forecasts, and profit/loss forecasts Create promotions and discounts Collaborate with other departments to develop marketing strategies *Product selection* Identify new opportunities Curate a selection of products for in-store or online sales Negotiate prices and terms with suppliers *Customer and market research * Conduct focus groups, research, interviews, and surveys Review customer feedback to predict sales trends Research and monitor industry trends and consumer behavior *Store operations * Find the best locations within each retail outlet Position products in an appealing way Brief staff on stock display and rotation *Collaboration * Collaborate with other store employees such as Analysts and Buyers Collaborate with executives, marketers and salespeople