Product Manager

2 weeks ago

Durban, KwaZulu-Natal, South Africa Traut Personnel Full time

A unique opportunity with a world-leading luxury African Brand (ceramics/fashion/homeware) based in the Midlands in Natal. A Homeware Buying background preferred.

To secure this position, you require the following:
-
Job Description_

  • Overall management of product development to ensure the development, implementation and management of the product plans to maximize sales and profits.
  • Market Research.
  • Acquire market intelligence through various sources, and analyse trends to determine an
- appropriate product strategy.

  • Use analysis to identify the right product type, quality, style and colours.
  • Product Planning.
  • Prepare annual plans for each product category, in line with financial objectives in terms of sales, margins and stock holding.
  • This will include new product/category launches and newness in existing categories.
  • Utilise historic and market data to inform the planning process.
  • Ensure product plans are also aligned with the marketing and event calendar.
  • Reviewing existing products and sales performance and making necessary adjustments.
  • Product Buying.
  • Develop all specifications of the product features, functions, packaging and resource requirements.
  • Design Project Management.
  • Oversee the Project Manager who manages the Design team's project and development timelines.
  • Product Sourcing and Supplier Management.
  • Create an adequate vendor base to mitigate risks and ensure optimum quality.
  • Maintain relationships with key vendors who are critical for the long term success of the business.
  • Communicate annual product plans and requirements including drops, quantities, lead times and replenishments.
  • Negotiate MOQ's, pricing, specific merchandise requirements, terms and service level contracts.
  • Pursue cost reduction measures through bulk buying and/ or selecting appropriate vendor mix, scanning the environment for benchmarks and constantly improving the purchase process.
-
Key Requirements_

  • Degree in Business or related field.
  • 10 years relevant experience of which at least 8 years should have been in Retail Industry.
  • Good knowledge of Buying principles and processes.
  • Advanced knowledge of Retail Industry and luxury Retail Brands.
  • Advanced presentation skills (creative).
  • Strategic thinking.
  • Result orientation.
  • Teamwork and collaboration.
  • Communication skills.
  • Planning and organising skills.
  • Commitment to excellence.
Position located in Natal Midlands. Call Gabi Traut

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