The job in short
Category management for a BFSI product category, pricing, assortment and supplier negotiation.
Marketing
Details
- Found
- 24 d ago · posted 2024-11-15
- Location as listed
- Bengaluru, Karnataka, India
- Role
- Category Manager
- Source
- The company’s own careers site
Full description
Objectives of this role
• Developing and executing strategic plans for the assigned product category to drive sales and profitability.
• Analysing market trends, consumer behaviour and competitor activities in order to identify growth opportunities and market gaps.
• Collaborating with various teams, like marketing, sales and product development, to identify and implement new products, services and marketing initiatives.
• Managing product assortment, pricing, promotions and inventory to optimise category performance.
• Evaluating customer feedback and implementing changes to enhance the overall customer experience and drive customer loyalty.
• Developing solid relationships with key vendors and suppliers to improve category offerings and negotiate favourable terms.
Your tasks
• Conduct thorough market research and analysis to identify emerging trends, competitive landscape and customer preferences and provide actionable plans.
• Develop and execute comprehensive category management strategies to achieve business objectives and drive growth.
• Maintain robust category management tools and processes, ensuring seamless strategy execution across the organisation.
• Monitor and evaluate category performance, leveraging key performance indicators (KPIs) to identify areas for improvement and implement corrective measures.
• Lead supplier negotiations, ensuring favourable terms and conditions to drive cost savings and strengthen supplier relationships.
• Collaborate with marketing teams to develop effective product messaging, positioning and communication strategies.
• Execute pricing strategies and promotional plans to optimise profitability while considering market dynamics and customer value perception.
• Stay up-to-date with industry trends, competitor activities and technological advancements to provide recommendations to senior management.
Required skills and qualifications
• SA bachelor’s degree in business, marketing or a related field.
• 3+ years of experience as a category manager in the retail industry in India.
• Strong understanding of the Indian market, consumer behaviour and retail trends.
• Proficiency in utilising Microsoft Office Suite, category management tools and software for data analysis and reporting.
• Flexibility to adapt to the changing market dynamics, consumer preferences and organisational priorities.
• Analytical mindset with the ability to interpret data and make data-driven decisions.
• Excellent communication and negotiation skills to collaborate effectively with cross-functional teams and external stakeholders.
• Detail-oriented with a focus on accuracy and quality.
• Ability to thrive in a fast-paced and dynamic work environment.
Preferred skills and qualifications
• Experience in category management within the Indian retail market.
• Familiarity with retail merchandising systems and software.
• Knowledge of inventory management and demand forecasting techniques.
• Understanding of pricing strategies, margin analysis and profitability optimisation.
• Experience in vendor management and negotiations.
• Ability to conduct market research and consumer surveys.
• Proficiency in data analysis and using analytics tools.
• Multilingual skills to cater to diverse customer segments in India.