Assistant Product Manager Damas Jewellery UAE

Product Assistant Manager at Damas Jewellery will be responsible for analyzing merchandise sales and planning a store’s inventory accordingly. To review and execute an allocation plan & adapt it to what’s yielded by the sales. Complete ownership for Stock Consolidation, Stock Replenishment & creating Range plans to maximize profit of the Brand/Collection and building and driving Merchandising best Practices. The Job holder is also key to driving cross functionality across key departments.

Responsibilities of Assistant Product Manager

• Stock Consolidation: Complete ownership to have right stock in right time and in right place.
• Stock Consolidation: Stock Replenishment Range Architecture NOOS Product Sell Out Purchase Plan Terminal Stock Analysis Complete ownership to monitor the Sales & Stock performance and ensure timely Replenishment to achieve Sales Targets.
• Placing Replens Order: Ensure to place timely orders considering the lead time (from order placement to stock arriving in stores) and to avoid NOOS situation.
• Reports: Prepare regular reports to analyze Sales & Stock performance & action plan accordingly (including Sellout performance, actuals vs Targets, etc.) and review with Planning Manager.
• Communications: Constantly communicating with cross functions (Logistics, DC & QC, Finance, IT) & Product Team to ensure all teams are aligned with regards to stock arriving in store on time.
• Range Architecture Planning: Prepare analysis & review with Planning Manger to maintain right balance of Sales & Stock.
• Price Architecture: Prepare analysis & support Planning Manager in reviewing with Product, Retail & Finance team during selection/deselection of product by Brand by collections (taking into account Discounts & Budgeted Margins).
• MD strategy: Support Planning Manager to prepare markdown strategy by collection to set Full price, Markdown and Promotional Activity margins.
• Inventory Management: Prepare summarized Inventory by Age Analysis for further review and analysis with Planning Manager.
• Analysis: Analyze and manage the stock levels.

Requirements for Role of Assistant Product Manager

• University degree in business, ideally with Business/Commerce and sales focus or equivalent professional experience.
• 3 years experience in Product, Merchandising, Stock Assortment, Consolidation, Replenishment, Analysis.

Skills And Knowledge Desired

• Work with ownership.
• Advanced skills in MS Office (advance in Excel with formulas, Power Pivots, data management).
• Fluent in English.
• Advanced knowledge of Retail Management Systems.
• Strong analytical skills.
• Structured, organized and process-orientated.
• Attention to detail as errors in analysis will have a crucial impact on business.

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Tagged as: Assistant Manager