Pricing Manager

Roles and responsibilities

Management of stock and inventory within the context of vehicle sales. Ensuring that the right products are available at the right time and in the right quantity.

Job Responsibilities

• Maintain accurate records of inventory levels, including incoming and outgoing vehicles
• Monitor stock levels regularly and initiate procurement or reordering of vehicles to prevent stockouts.
• Analyze sales trends, market demand, and customer preferences to anticipate future inventory needs and make informed purchasing decisions.
• Inspect incoming vehicles for quality and accuracy, ensuring that products meet the required standards and specifications.
• Utilize inventory management software to track and record inventory movements, including deliveries, shipments, and returns.
• Coordinate with the sales team to understand customer demands and align inventory levels accordingly to meet customer requirements.
• Maintain comprehensive documentation of inventory-related transactions, including purchase orders, invoices, and other relevant documents.
• Prepare regular reports on inventory levels, stock movements, and any discrepancies, providing insights and recommendations for improving inventory management.
• Implement strategies to minimize excess inventory, reduce carrying costs, and optimize inventory turnover to maximize profitability.

Job Requirements

Qualifications

• Bachelor's degree in business administration, supply chain management, or a related field preferred.

Experience

• Min of 5 Years of experience in a similar role in the dealership.

• Proven experience in inventory management, preferably within the automotive or commercial vehicles industry
• Strong analytical and problem-solving skills, with the ability to interpret data and make informed decisions.
• Proficiency in using inventory management software and Microsoft Office applications.
• Excellent organizational and time-management skills, with the ability to prioritize tasks effectively.
• Attention to detail and accuracy in record-keeping and documentation.
• Effective communication and interpersonal skills for collaborating with internal teams and external vendors.
• Knowledge of commercial vehicle specifications and industry trends is advantageous.

Desired candidate profile

1. Analytical Skills: Strong ability to analyze data, market trends, and competitive pricing to inform pricing strategies.

2. Market Knowledge: Deep understanding of the industry, including competitors and customer segments.

3. Financial Acumen: Proficiency in financial analysis, including understanding profit margins, cost structures, and revenue forecasting.

4. Strategic Thinking: Ability to develop long-term pricing strategies that align with business goals.

5. Communication Skills: Excellent verbal and written communication skills to present findings and collaborate with cross-functional teams.

6. Negotiation Skills: Competence in negotiating pricing terms and conditions with suppliers and partners.

7. Technical Proficiency: Familiarity with pricing software and tools, as well as advanced Excel skills for data analysis.

8. Problem-Solving: Ability to identify pricing issues and develop effective solutions.

9. Project Management: Skills in managing projects and timelines related to pricing initiatives.

10. Customer Focus: Understanding customer needs and preferences to inform pricing decisions.

Responsibilities:

• Pricing Strategy Development: Creating and implementing pricing strategies based on market analysis and business objectives.

• Market Research: Conducting research to understand market trends, competitor pricing, and customer behavior.

• Data Analysis: Analyzing sales data and customer feedback to evaluate pricing effectiveness and make adjustments as needed.

• Collaboration: Working closely with sales, marketing, finance, and product development teams to align pricing strategies with overall business goals.

• Pricing Models: Developing and maintaining pricing models that consider costs, margins, and market conditions.

• Policy Development: Establishing pricing policies and guidelines to ensure consistency across the organization.

• Monitoring Performance: Tracking the performance of pricing strategies and making recommendations for improvements.

• Training and Support: Providing training and support to sales teams on pricing strategies and tools.

• Reporting: Preparing reports on pricing performance and market conditions for senior management.