Job Description

:
Develop strategic buying plans for the assigned department/category. Ensure smooth buying operations through vendor identification, evaluation, and selection, in compliance with the contract principles to achieve the strategic and financial objectives of the concept
Responsibilities:
Vendor & Product Research, Trend Analysis

• Keep abreast of the latest trends in buying and assess realign the existing processes
• Identify and leverage alternate buying opportunities to source products and to ensure that company maintains its competitive edge by constant renegotiation
• Ensure effective communication, collation and follow-up on various product requirements and findings obtained from the sales/store data
• Gather information from Industry trade groups or through trade shows/market visits

Vendor Management

• Develop an adequate vendor base for the company through attending Fair & Exhibitions
• Build and maintain relationships with vendors and suppliers and negotiate the best deals with them for procuring merchandise
• Maintain contact with vendors; update list of vendors for bidding purposes; attend product demonstrations, obtain samples and literature regarding potential products and vendor capabilities, and confer with end users.
• Identify, evaluate, and select appropriate vendor mix to achieve business objectives.

Order Management

• Place orders for the new items and initiate repeat orders for the categories he is responsible based on the buying plan and ensure merchandise is delivered as per the plan based on the agreed service level agreement.
• Monitor sales and movements of the new launched products and suggest merchandise planners to initiate re-orders or to de-list the range if it is not moving
• Implement financial and credit services agreement with the vendor that maximize profit and positively contribute to cash flow

Market & Competition study

• Market & competition study in categories he is responsible and suggests new product ranges accordingly

Qualifications:
NIFT, Pearl Graduate, 3-4years of product development and Retail sourcing experience, for home furnishing /Decor products .

Skills Required