Analysing past sales figures/trends to anticipate future product needs.
Devising a merchandise plan using the above techniques.
Relaying the merchandise plan to the buyer who, in turn, can decide on what products, styles, colours etc to purchase and from which suppliers, at what price.
Devising a contract for the suppliers including quality control, accuracy and flexibility. This is done throughout the season.
Allocating certain amounts of stock, to each outlet, throughout the season. Retailers are now trying to minimise stock holdings and commitment to allow for maximum flexibility.
Once the products are all distributed and put on sale, the Merchandiser can monitor stock movement, consider markdowns, inter-branch transfers, promotions or clear outs etc.
selling and merchandizing skills,
good analytical skills ,
good negotiation skills ,
did merchandising course