Merchandiser (Beauty)

Who are we?

Are you ready to embark on an exciting journey in the world of fashion and e-commerce? Namshi, the leading online multi-brand fashion and beauty platform in the Middle East, is looking for talented planners/merchandisers to join our dynamic #NamFam. We are a community built around young people who are making waves in the region. They’re changing the future, and we’re right next to them every step of the way. If you're passionate, innovative, and eager to be a part of a company whose mission is to be the region’s favorite closet, then Namshi is the place for you.

Discover your potential with us and help us redefine the way people shop online and ignite a new generation of personal expression through style. Let's move together!

Location:

Key responsibilities:

Own and lead category’s sales forecasting and demand management across GCC markets.

Forecasting & Planning

• Review and analyze sales trends. Research demand drivers. Develop statistical planning models and implement & review results
• Create rolling 12 month forecast plan, on monthly basis to build up future stock levels
• Based on forecast, calculate the stock requirement, and manage purchases accordingly
• Plan & monitor replenishment across territories by establishing replenishment parameters
• Monitoring aging stock level and building liquidating strategy with Buying team
• Collaborate with the Buying and relevant business leads to resolve out of stock or stock shortage situations

Inventory Stock Optimization

• Ensure optimum category inventory levels are maintained at Concept/Territory keeping in mind sale requirements as well as working capital constraints
• Ensure that no instances of category stock outs occur on account of any discrepancy on part of merchandise planning

Stock Coordination

• Supervise stock transfers and reconciliation
• Ensure processes in place as well as track adherence for all stock movement with suppliers & warehouse

Merchandise Planning & Replenishment

• Track and drive category P&Ls to monitor top line and profitability goals
• Analyze sales trends and product life cycles, use data to identify and prioritize opportunities
• Work closely with Buying teams to identify bestsellers and iterate best sellers to maximize the product sales
• Prepare and maintain department/category merchandise MIS analytics based on actual sales, sales forecasts, company order parameters, inventory checks, forthcoming events, replenishment needs etc.

Margin & Pricing Optimization

• Devise a comprehensive pricing/ discount strategy and roadmap to maximize sell through by working closely with the buying teams
• Maintenance of Price Sheets and suggesting category wise pricing basis sales aging & margin
• Custodian of day-to-day Price/Margin of the products
• Collaborate with relevant teams to propose and finalize suitable promotion strategies while continually monitoring competitor efforts, to drive in season trade, provide inputs for promotional activity

Performance Tracking

• Keep a constant update on how the department is tracking to budgets and use this in line with the shipment plan to make sure product is dropping when you need it
• Run week/month end report to discuss performance against target sales

What you’ll need:

• Bachelor degree in Business, Economics, Mathematics, Engineering or Statistics
• Minimum of 5-7 years of relevant experience in demand planning and forecasting in a multi-branded environment in an E-commerce company
• Strong Knowledge of Fashion Buying within an E-commerce organization
• Core Demand planning and forecasting experience and data modeling
• Management of P&L
• Advanced level of Excel is mandatory
• Strong mathematical and statistical knowledge
• Analytical Thinking
• Accountability/Ownership
• Strong problem solving skills
• Highly motivated self-starter

Who will excel?

The ideal candidate will be comfortable in a fast-paced, multi-tasked, high-pressure environment with a strong passion for delivering results. A candidate who has a successful history of working in teams solving challenging topics and is willing to roll up their sleeves to get the job done. At Namshi, we have the courage to pursue what seems impossible. We work hard to get things done. We go to great lengths to ensure that the experience is stellar but above all, we are grateful for the opportunities we have. If you feel the above values resonate with you – you will enjoy this incredible journey with us!