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    King Power Duty Free Co.,ltd

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    Last updated 2 days ago

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Vice President - Merchandising (Budget Control)

King Power Duty Free Co.,ltd (Bangkok City, Thailand)
Bangkok, Thailand 🇹🇭
BRAND POSITIONING กลุ่มบริษัท คิง เพาเวอร์ คือ ‘กลุ่มธุรกิจสร้างสรรค์ประสบการณ์ในการเดินทางและการใช้ชีวิตในทุกวัน’ เราคิดค้นและมอบ ความเป็นไปได้ใหม่ๆ ให้ผู้คนทั่วโลก ผ่านการให้บริการใน กลุ่มธุรกิจสินค้าปลอดอากร กลุ่มธุรกิจค้าปลีก กลุ่มธุรกิจโรงแรม กลุ่มธุรกิจสินค้าอุปโภคบริโภค กลุ่มธุรกิจสร้างสรรค์ประสบการณ์ กลุ่มธุรกิจกีฬา และกลุ่มธุรกิจกิจกรรมเพื่อสังคม เพื่อเติมเต็ม ทุกความต้องการและเพิ่มประสบการณ์ใหม่ๆ เพื่อให้ชีวิตไม่หยุด ค้นหาความเป็นไปได้ BRAND VISION ค้นหาและสร้างสรรค์ ประสบการณ์ใหม่ๆ ในการเดินทาง เพื่อผู้คนทั่วโลก

About this position

The Vice President of Merchandising is responsible for overseeing the merchandising strategy, ensuring alignment with the company’s financial objectives and customer needs. This role encompasses budget control, Open-to-Buy management, product assortment strategies, and team leadership to drive sales growth and inventory optimization.

Responsibilities

• Merchandising Strategy:
- Develop and execute a comprehensive merchandising strategy that aligns with overall business goals.
- Analyze market trends and customer insights to enhance product assortment and pricing strategies.
• Budget Control:
- Set and manage the annual merchandising budget, ensuring expenses are controlled and aligned with forecasts.
- Monitor sales trends and make informed spending decisions to maximize profitability.
• Open-to-Buy (OTB) Management:
- Implement effective OTB strategies to optimize inventory levels and ensure adequate stock for sales opportunities.
- Analyze monthly sales and inventory levels to make timely adjustments to OTB plans.
• Collaboration and Leadership:
- Lead and mentor the merchandising team, fostering a culture of excellence and teamwork.
- Collaborate with cross-functional teams, including marketing, sales, and finance, to ensure cohesive strategies and execution.
• Performance Analysis:
- Establish key performance indicators (KPIs) to measure the success of merchandising initiatives.
- Conduct regular analysis of sales performance, inventory turns, and markdown effectiveness.
• Vendor Relations:
- Build and maintain strong relationships with key vendors and suppliers to negotiate favorable terms and drive product innovation.
- Collaborate with suppliers to assure product quality and timely delivery.
• Market Research:
- Conduct competitive analysis and market research to identify new trends, opportunities, and risks.
- Stay informed on industry developments and adjust strategies as needed.

Requirements

- Bachelor’s degree in Business, Merchandising, or a related field; MBA preferred.
- Minimum 10 years of experience in merchandising, with at least 5 years in a leadership role. Experience in budget control and OTB management required.
- Skills:
- Strong analytical and financial acumen.
- Proven ability to develop and execute merchandising strategies that drive results.
- Excellent leadership, communication, and interpersonal skills.
- Proficiency in merchandising software and data analysis tools.
- Ability to travel as needed for vendor meetings and trade shows.
- Strong negotiation skills and a results-oriented mindset.