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The Business World

Merchandise managers are hired by commercial outlets for the purpose of overseeing the acquisition, promotion as well as sale of products. Merchandise managers are expected to supervise a specific department or product, or they’re responsible for the stock of an entire store. Considering the size of the business, you might have a number of support staff at hand to assist in your duties.

Oversee Merchandise Activities

  • The major duty of a merchandise manager is to ensure that retail outlets are provided with an adequate supply of products, meeting market demand. In fact, all of your duties are executed in in support of this objective. The merchandising manager requires staying in constant communication with individual branches or departments in order to have a real-time understanding of the stock and market.

Analyze сustomer base

  • In order to accurately direct the acquisition of products, the merchandise manager needs to have a proper understanding of the typical customer. It’s up to you to analyze the target customer and also create a profile of his or her needs, preferences, interests and demographic information. The merchandising manager often assists the marketing department with the identification of new audience sectors.

Follow trends

  • Due to the fact, that trends contribute a great deal to the sale of products, especially in the areas of décor and fashion, the merchandising manager has to stay on top of current trends. You require reading publications closely connected with area, attending conferences as well as trade shows and following trade papers.

Identify market opportunities

  • Considering that merchandising is part of the competitive retail market, the merchandise manager needs to be aware of the product lines, marketing strategies, not to mention successes of competitors. The given knowledge enables you to identify holes in the market as well as opportunities to boost sales.

Manage buyers

  • For large retail stores, a merchandising manager’s responsibility is to oversees a team of buyers, who find, source and also purchase the products, which will be sold in the store. You should hire purchasers, train them in the corporate culture and also develop their ability to locate merchandise, which will fit with the store's image and audience.

Maintain vendor and designer relationships

  • In order to ensure that your store gets timely shipments as well as access to in-demand designers and lines, you require maintain close relationships with designers vendors. Successful business as well as personal relationships lead to access to rare products or first pick of limited-edition lines.

Merchandise managers are hired by commercial outlets for the purpose of overseeing the acquisition, promotion as well as sale of products. Merchandise managers are expected to supervise a specific department or product, or they’re responsible for the stock of an entire store. Considering the size of the business, you might have a number of support staff at hand to assist in your duties.

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Assignment ID
100001548
Discipline
Type
CREATED ON
August 28, 2016
COMPLETED ON
August 29, 2016
Price
$38
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Essay Example Comments
harimi126796
November 20, 2016
harimi126796
He is fast at doing the work, perfectly done. he is trustable and friendly.
jessrfran16
September 23, 2016
jessrfran16
Did an awesome job
kerrijoysmith18
September 22, 2016
kerrijoysmith18
Not really across legal concepts, needed rewriting but a start for me to go from. Did not read the instructions and if read would have been fine.