Product Category Manager
hace 5 días
Balfour & Co is a leading company in North America with a rich history dating back to 1913. With a strong presence across the continent and a team of over 5,000 members, we have established ourselves as a trusted brand in the industry.
Job SummaryWe are seeking a highly skilled Product Category Specialist to join our team. As a key member of our organization, you will play a crucial role in managing and coordinating product categories to drive growth and profitability.
Key Responsibilities- Market Research and Analysis: Conduct thorough market research and analysis to identify trends, customer preferences, and competitive landscape within assigned product categories.
- Product Assortment Planning: Collaborate with product managers to curate and optimize product assortments based on market trends, customer demands, and business goals.
- Vendor Management: Establish and maintain strong relationships with vendors and suppliers, and manage product pricing, quality, and availability.
- Inventory Management: Monitor inventory levels, ensure timely replenishment, and implement effective inventory management strategies to minimize stock-outs and excess inventory.
- Product Launches and Promotions: Coordinate and oversee the successful execution of product launches, promotions, and marketing campaigns, ensuring proper alignment with overall marketing strategies.
- Sales and Performance Analysis: Track and analyze product sales performance, monitor key performance indicators (KPIs), and identify areas for improvement or growth opportunities.
- Cross-functional Collaboration: Collaborate with various internal teams, including marketing, sales, operations, and finance, to ensure effective communication and alignment of strategies and goals.
- Continuous Improvement: Stay updated with industry trends, new product innovations, and emerging technologies relevant to assigned product categories. Propose and implement process improvements to enhance operational efficiency and customer satisfaction.
- Compliance and Quality Assurance: Ensure all products within the assigned categories comply with legal and regulatory standards. Monitor product quality and work closely with suppliers to address any quality issues promptly.
- Education: Bachelor's degree in fashion merchandising, product development, or a related field. Relevant certifications or additional training in product management or category management are a plus.
- Experience: Prior experience in product management, category management, or a related role within the retail or e-commerce industry is preferred.
- Analytical Skills: Strong analytical and problem-solving skills with the ability to interpret data, identify trends, and make data-driven decisions.
- Communication Skills: Excellent verbal and written communication skills to effectively collaborate with internal teams, vendors, and stakeholders.
- Organizational Skills: Strong organizational and multitasking abilities to manage multiple product categories, prioritize tasks, and meet deadlines.
- Attention to Detail: Meticulous attention to detail to ensure accuracy in product assortment planning, vendor management, and promotional activities.
- Team Player: Ability to work collaboratively in a team environment, fostering positive relationships and contributing to a cohesive work environment.
- Adaptability: Flexibility to adapt to changing priorities, market conditions, and business needs.
- Passion for Products: Enthusiasm and a genuine interest in consumer products, market trends, and customer needs within assigned product categories.
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