Responsible for concept buying based on market analysis, seasonal analysis and competitor analysis
Complete accurate forecasts evaluating financial components based on current trend, and knowledge of future events which will impact the business
Develop and execute seasonal merchandise plans and pricing strategies
Partner with the planning team on the development of location-wise assortment plans
Initiate quality vendor relationships to support new and ongoing product and services sourcing needs
Review vendor lines, place orders, price merchandise, initiate reorders, supervise merchandise presentation, manage inventories and net margins as per territory guidelines
Ensure accuracy and delivery of orders so that clients for the product group are able to complete projects and meet the Company's needs
Focusing on new ideas and concepts to promote a category with the principal supplier
Inventory Control - Balancing the dead stock and taking care of buying, so that adequate supply is there for the stores
Working on monthly budgets and planning the number of units to be kept in the store for each category and sub category
Negotiating prices and issuing purchase orders
Replenishing stocks in anticipation to sales
Ensuring that the prices in the store are competitive compared to the market prices
Coordinating promotions with the Marketing department
Research product, pricing, and merchandise presentation strategies
Work in conjunction with Merchandise Planner to ensure merchandise reaches stores with maximum efficiency, cost-effectiveness and customer satisfaction
Analyzing product samples for every new season
Source qualified vendors to e-Auctions who can meet purchase needs in terms of product quality, quantity and delivery date
Negotiate for products and services within the assigned product category ensuring the lowest possible price
Work with purchasing operations to ensure orderly transition from initial deal to ongoing purchasing of products and services
Partner with Merchandise Planner to manage and control inventory levels, replenishment of wanted merchandise and delivery objectives
Controlling product purchases and cash flow operations
Forecasting turnover and gross profit every month by anticipating the monthly promotions and offers and achieving Gross Profits/Net Profit/Backend Income
Regular follow up with suppliers
Introducing a wide range of accessories
Analyzing and ensuring that there are no aging, slow moving & dead stocks
Merchandising new product launches and training the staff . Schedule: Full-time Shift: Day Job Travel:
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