Determine buying requirements and formulate buying plan and budget for the assigned department/category
Align the buying plan to the overall department/category business plan and the merchandise strategy as laid down by the department/category manager
Help meet the profit targets by ensuring timely procurement of the department/category Merchandise
Develop an adequate vendor base for the concept through active scouting and negotiation/renegotiation
Build and maintain relationships with vendors and suppliers and negotiate the best deals with them for procuring merchandise
Maintain contact with vendors; update the 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
Identify and leverage alternate buying opportunities to source products and to ensure that the 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. Tasks
Assist in overseeing the relevant product categories in the department in all aspects of Buying and Merchandising activities on a daily basis
To be the center of expertise of the relevant product category and be able to give guidance to the team
To ensure a strategy for merchandise assortment are executed successfully
Place orders based on the buying plan and ensure merchandise is delivered as per the plan
Implement financial and credit services agreement with the vendor that maximize profit and positively contribute to cash flow
Track the merchandise transportation from supplier to the distribution center
Follow the reverse logistics guidelines to send the faulty/damaged goods back to the vendor
