Operations Management:Plan, organize, coordinate, and control the day-to-day operations of retail or wholesale businesses or their departments.
Staffing & HR:Manage staff, assign duties, oversee hiring and firing, and provide training to maximize productivity and sales.
Financial Management:Develop and manage budgets, authorize expenditures, and control costs to meet financial goals.
Sales & Marketing:Develop and implement marketing strategies, run promotions, and analyze sales figures to drive revenue and market share.
Inventory & Supply Chain:Determine which products to sell, locate and procure merchandise, manage stock levels, and oversee the storage and transport of goods.
Market Analysis:Study market research and trends to understand consumer demand, potential sales volumes, and competitor activities.
Supplier & Customer Relations:Manage relationships with suppliers, negotiate contracts, and respond to customer needs and complaints.
Essential Skills
Leadership & Management: Ability to motivate staff, plan, direct, and evaluate the work of others.
Business Acumen: Understanding of market trends, consumer behavior, and financial principles.
Strategic Planning: Developing and implementing effective strategies for sales, marketing, and operations.
Negotiation Skills: For negotiating with suppliers and managing contracts.
Analytical Skills: Analyzing sales figures, market data, and operational performance.
Communication: For managing staff, communicating with customers, and coordinating with suppliers.