Product Manager
5 months ago
**Duties and responsibilities**:
- Diamond related experience
- Ensuring that the right amount of goods is available in store and sold at the right price.
- Working closely with buyers and Retail to plan product ranges.
- Meeting with suppliers, distributors, and analysts and also managing budgets.
- To ensure that the right amount of goods purchased and then are available in store and are being sold at the right price and the right period.
- Besides the turnover task for the merchandise, demand forecasting is the practice of predicting which and how many products customers will buy over a specific period, Forecasting with the help of retail will lead to clear plan for when they need to order new merchandise, and how much they'll need to get.
**Tasks**:
- Analyzing profitability of brands, creations categories and sub-categories, products and maintenance services
- Regularly conducting SWOT Analysis for the product.
- Ensuring proper and accurate ordering of creations through the Booster System and adherence to the Ideal Stock (IS)
- Assigning sales targets by brand and by salesman.
- Reviewing creations/products merchandise mix and adjusting it to meet profitability targets.
- Implementing and executing the incentive s and commissions plan for all staff.
- Evaluating employee’s performance and present recommendations accordingly.
- Ensuring implementation of maintenance procedures as per company guidelines.
- Ensure that products supplied in the right store, at the appropriate time and in the correct quantities.
- This involves working closely with the buying teams and the Retail to accurately forecast trends, plan stock levels and monitor performance.
- Planning and developing merchandising strategies.
- With the help of the retail, analyzing sales figures, customers reactions and market trends to anticipate product needs.
- Collaborating with buyers, suppliers and boutiques to analyze and negotiate prices, quantities and timescales.
- Budgeting for the purchase throughout the year per quarter and per supplier.
- Calculating and analyzing the turnover for the stock and taking action when needed to adjust the turnover to be aligned with the KPI of the department.
- Planning and overlooking the work of the (VM) and then adjust and develop accordingly.
- Follow up and help the sales unit
- Follow up and help the CDU unit
**MINIMUM EXPERIENCE REQUIREMENTS**
3-5 years in Product Management, Purchase, Supply chain or Retail
**PREFERRED EXPERIENCE REQUIREMENTS**
5 years in Product Management in the jewelry sector
**MINIMUM EDUCATION REQUIREMENTS**
Diploma or B.A in Business administration, Marketing, or related fields
**PREFERRED EDUCATION REQUIREMENTS**
B.A in Business administration
**REQUIRED**
**SKILLS**
Advanced computer skills (excel, power point), analytical skills. knowledge in jewelry and the new trends
**Job Types**: Full-time, Permanent
Application Question(s):
- Do you have experience in dealing with Jewellery Suppliers (Diamonds and Jewels)
- Do you have experience in product merchandizing especially in Jewellery
- Do you have Jewellery sales analyst experience
**Experience**:
- Jewellery Product Manager: 3 years (preferred)
**Language**:
- English (required)
- Arabic (preferred)
Willingness to travel:
- 75% (required)
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