The Merchandising Specialist will research, evaluate, and make decisions on new product lines for the company, and manage placement and promotion of existing lines.
Hybrid Work Schedule: 3 days a week in office & 2 days a week remote
ESSENTIAL DUTIES AND RESPONSIBILITIES
• Evaluate inventory and sales levels on a weekly / monthly / quarterly / annual basis. Recommend strategies to improve inventory turn, maximize inventory investment.
• Identify and manage opportunities to expand current product offering from existing vendors.
• Identify deficiencies in current product line and source items from new vendors to fill the gaps.
• Oversee the creative development of new products, ensure existing product has up-to-date images and copy.
• Negotiate product cost, exclusive deals, and entitlements (i.e., volume rebates, freight terms, freebies, etc.) with vendors.
• Set or recommend mark-up rates, mark-down rates, and selling prices for merchandise.
• Based on sales records of similar items, industry trends and economic conditions, establish new product sales forecast and initial order recommendation.
• Recommend website placement, and showroom location for all merchandise, new and existing.
• In conjunction with Marketing, establish a launch plan for new merchandise and promo plan for existing products.
• Determine when and how to discontinue poor sellers.
• Monitor competitors’ sales activities by following their websites, e-mail blasts, print ads, and other media.
• Manage demand plan through Blue Ridge software application. Recommend seasonal or event-based buy-ups when appropriate.
• Evaluate inventory demand exceptions weekly. Approve or modify based on the current needs of the company.
• Complies with all Witmer Public Safety Group Policies and Procedures.
• Performs any other duties or projects assigned by the management team.
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