Category Management Specialist
2 days ago
**Job Summary:**
We are seeking a highly skilled Category Management Specialist to join our team at RareCruit. As a key member of our retail operations, you will be responsible for driving category performance and profitability through strategic planning, data analysis, and collaboration with cross-functional teams.
Key Responsibilities:
- Category Optimization: Develop and execute strategies to maximize sales, profitability, and market share for assigned categories, monitoring performance and adjusting plans based on sales data and market trends.
- Data Analysis: Utilize sales data, market research, and consumer insights to identify opportunities for category growth and improvement, preparing and presenting reports on category performance to management.
- Assortment Planning: Manage the product assortment to ensure a balanced mix of items that meet customer needs and preferences, working with the merchandising team to adjust product selections based on sales performance and market demand.
- Supplier Collaboration: Work closely with suppliers to negotiate terms, secure favorable pricing, and ensure timely delivery of products, fostering strong relationships to support category objectives and resolve any issues.
- Inventory Management: Oversee inventory levels to prevent stockouts and overstock situations, coordinating with the supply chain team to optimize inventory turnover and manage replenishment.
- Promotional Planning: Develop and execute promotional plans to drive traffic and sales within categories, collaborating with the marketing team to create effective in-store and online promotions.
- Market Research: Stay informed about industry trends, competitor activities, and customer preferences, using this information to make informed recommendations for category adjustments and improvements.
- Cross-Functional Coordination: Partner with marketing, supply chain, and store operations teams to ensure seamless execution of category plans and initiatives, supporting store teams with training and product knowledge.
- Customer Insights: Analyze customer feedback and sales data to understand buying behaviors and preferences, incorporating these insights into category strategy to enhance customer satisfaction.
Qualifications:
- A recognized qualification in Marketing, Retail Management, or a related field.
- Relevant experience in category management, merchandising, or retail analysis, minimum of 3 years within a retail Head Office environment.
- A passion and flair for retail fashion and accessories.
- Strong analytical skills with proficiency in data analysis and reporting tools.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and familiarity with retail management systems or ERP software.
- Strong communication and interpersonal skills with the ability to collaborate effectively across teams.
- Detail-oriented with excellent organizational skills and the ability to manage multiple priorities in a fast-paced environment.
Working Conditions:
- Primarily office-based with occasional visits to retail locations and supplier sites.
- May require occasional travel for industry events and/or host Client and Vendor meetings.
What We Offer:
- A competitive salary of $80,000 - $110,000 per annum, depending on experience.
- A comprehensive benefits package.
- Opportunities for career growth and professional development.
- A supportive and innovative work environment.
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