Job Purpose: Controlling the movement of stocks & maximizing the sell-through. This position is also responsible for seeingsell-throughfast-moving that the aging stock is within the company guidelines, Consolidation of fast-moving & broken styles & also needs to see that the non-moving slow-moving don’t seeing sell-through fast-moving don’t see & slow-moving stocks don’t occupy the retail space.

Responsibilities & Duties:

Distribution

• Should be well aware of the stocks ordered & receipt for the season.
• Distribution to be made based on the shop budget & requirement
• Thorough knowledge of stock available in warehouse.
• Follow up with the Logistics Manager on the forthcoming consignments & consignments is in transit to update the shops accordingly.
• Weekly inventory to be taken for local items for re-ordering 
• Consignments are to be prioritized based on the floor requirement & Instruct warehouse accordingly to keep it ready.
• Ensure that some styles are not distributed to smaller stores (based on the sales trends).

Consolidation

• Consolidation of stocks between shops weekly based on the sales & broken lines.
• Priority to be given to Category (A)  stores while consolidation of stocks
• Ensure the consolidated stock reaches the respective shop within a limited period. 
• Review the zero quantity in shops & quantity available in the warehouse & release such stock on priority. 
• Ensure 80% sold lines & less than 3pc styles are sent back to the warehouse & addressed during the sale.
• Ensure nonmoving & slow-moving stock doesn’t occupy the retail space.
• Analyze the slow-movement items in consultation with dept. staff & advice for corrective action.
• Weekly visits to shops ensure the consolidation of stock is well executed.
• Ensure fast-moving styles aren’t held in the back store.
• Ensure fast moving styles are consolidated by the sales staff on a daily basis
• Frequently having meetings daily with Dept heads to get feedback.

Budgeting

• Thorough knowledge of monthly & seasonal budgets.
• Weekly & Monthly review of Dept. performance and drawing up plan for under achievement.
• Independently drawing up season purchase/sale budgets, keeping in mind the store growth plan & market conditions.
• Thorough knowledge of stock holding in each dept. & sub dept.
• Understanding the strength & weakness of each dept. & sub dept
• Knowledge of Avg. sale, Contribution & estimated sale of each dept.
• Well aware of the changing Market trends & future demand.

Liquidation of aging stock

• Constantly monitor again and don’t stocks, ensure old stocks don’t exceed aging and non-moving aging the agreed percentage
• Sales &  promotions are well planned for clearing the old stocks
• Ensure the discounting does not affect the margins.
• Price revisions & best buys are frequently planned to clear non moving stocks
• Reviewing local supplier’s performance & advice corrective actions on slow-selling items. 
• Fortnightly generate a report on > 1-year-old stock shop wise to make sure that they are under clearance & shift to the location where they are selling better.
• Create pockets in each dept. to address the ageing stocks by revisions.