Category Management Specialist

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Department:

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Job Summary:

The incumbent supports in developing and executing strategies to drive category growth and profitability. This role involves analyzing market trends, managing product assortments, and collaborating with various teams to ensure the successful implementation of category plans.

Key Responsibilities:

1. Category Analysis:

• Assist in analyzing sales data, market trends, and competitor activities.
• Identify opportunities for category growth and recommend actions.
• Prepare regular reports on category performance and key metrics.

2. Assortment Management:

• Support the Category Manager in developing and managing the product assortment.
• Conduct product reviews and make recommendations for new product introductions or discontinuations.
• Ensure optimal product mix to meet customer needs and market demand.

3. Pricing and Promotions:

• Assist in developing pricing strategies and promotional plans.
• Monitor competitor pricing and promotional activities.
• Analyze the effectiveness of pricing and promotional strategies and suggest improvements.

4. Supplier Collaboration:

• Work with suppliers to secure the best terms, pricing, and promotional support.
• Assist in negotiating contracts and agreements with suppliers.
• Maintain strong relationships with key suppliers and partners.

5. Inventory Management:

• Monitor inventory levels and coordinate with the supply chain team to ensure product availability.
• Identify slow-moving or obsolete inventory and recommend actions to mitigate excess stock.
• Support demand forecasting and inventory planning efforts.

6. Marketing Support:

• Collaborate with the marketing team to develop and execute category-specific marketing campaigns.
• Ensure that marketing materials are aligned with category strategies and objectives.
• Assist in planning and executing in-store promotions and events.

7. Cross-functional Collaboration:

• Work closely with sales, operations, and finance teams to support category initiatives.
• Communicate category plans and updates to relevant stakeholders.
• Participate in cross-functional projects to drive overall business objectives.

Qualifications:

• Bachelor’s degree in Business Administration, Marketing, or a related field.
• 1-3 yrs of experience in category management, merchandising, or a related role.
• Strong analytical and problem-solving skills.
• Proficiency in Microsoft Office Suite, particularly Excel.
• Excellent communication and interpersonal skills.