Monitoring sales and identifying any losses or stock wastage
Working with suppliers and distributors to negotiate prices and order large volumes
Collaborate with executives, marketers and salespeople to set prices that are good for the market and profit
Getting to know the customer base and understanding their motivation and sales drivers
Reviewing customer feedback to predict sales trends and seasonal stock demand
Briefing staff on stock display and rotation to ensure every space is optimized
Researching and monitoring industry trends and consumer behavior to anticipate demand and changes in buying patterns
Making predictions based on sales data, customer feedback and market trends
Assessing the effectiveness of different product displays and store layouts on sales figures
Reviewing competitors, including pricing, profit, marketing and other progress
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