:
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:
1. Key Responsibilities
Plan, Identify and select new range of products and review the existing ones
Analyze consumer buying patterns and predicting future trends
Analyze customer demand, price, quality and availability
Maintain relationships with existing suppliers and source new suppliers for future products
Liaise with stores and territories to ensure supply meets demand and right product ranges are assigned in respective stores and territories
Support in the seasonal budget keeping in mind past performance, current trends and future events that may impact the business
Negotiate products for the assigned subgroups at the lowest possible price and with the most viable commercial terms
Partner with the Merchandise Planner to manage and control inventory levels, stock replenishment and delivery objectives
Review existing items to ensure products remain competitive
Provide a commercially viable range of merchandise at competitive prices
Keep up to date with market trends and react to changes in demand
Analyzing market reports and strategizing plans for the stores, then presenting ideas to senior management
Create promotional plans in conjunction with marketing
Conduct market visits for R & D both International and within territories
Attend Trade fairs every season in order to assess trends and be abreast with the current market scenario
Travel and meet Suppliers every season and place orders to get timely deliveries
Train and mentor junior staff
2. Job Specifications
Ability to thrive in a high growth, entrepreneurial and ambiguous environment
Strong analytical, commercial, and problem-solving skills, with a hands-on attitude and a focus on fast execution
Good sense for trends, creativity and a thorough understanding of customer needs
Strong communication skills and ability to clearly communicate with different stakeholders
Ability to prioritize tasks and to balance immediate and long term needs of the business while retaining agility to pivot as needed
Ability to recognize a new trend, item, look, technique, early in its life-cycle and deliver quickly
Qualifications:
Fashion Graduate, 2-4years of product development and sourcing experience, for furniture and home furnishing products preferred. NIFT , Pearl Institute preffered .