Senior Buyer

Job Description

Job Purpose:? Negotiate contracts with suppliers, manage inventory, evaluate quality goods within a budget for each subcategory. Research and evaluate suppliers based on price, quality, selection, service, support, availability, reliability, distribution capabilities, and the suppliers reputation and history.ÿKey Responsibilities:? Support Brand Manager in Identifying brands, products and vendors in accordance with market trends and market segment analysis per category.? Prepare purchase orders in line with final negotiations with selected suppliers and in line with organizational targets and requirements, track PO approval and processing.? Research, analyze, and forecast current and future buying trends, market gaps, styles, and products with attention to specified target market and demographics.? Ensure continuous supply of required goods and communicate any supply problems which may pose a risk or impact on business operations? Negotiate contracts with suppliers to achieve the set margins by category.? Update inventory and maintain healthy stock levels. Conduct periodic reviews of sales and aged inventories and recommend promotional strategies to liquidate inventory.? Liaise with the logistics team for product certification and registration needed.? Plan redistribution of goods, refills and supplier returns across all stores.? Coordinate with all internal and external stakeholders to ensure product delivery in the best conditions.? Provide unique product content to the marketing department.? Provide detailed product content in specific formats for the e-commerce department.? Implement product launch plans and promotional plans.? Develop Receipt Plans for the developed assortments according to main seasons, product launch, and market trends.? Perform market visits to understand the impact of planned merchandise strategies and to stay informed of business, customer trends and competition scene.? Ensure accurate implementation of planograms by key brands inside the store.? Monitor market trends, competitor strategies and market suppliers.? Deliver briefs, updates and reports as and when required by management, suppliers, and brand partner.Dimensions:? Sourcing by analyzing sales performance and determining trends and patterns.? Own the responsibility of creating Purchase Orders, reports, and accurate data.? Ownership of suppliers contracts and agreements.ÿDecision Making Authority:? Required to work independently and with little supervision.? Takes buying decisions within budget, forecast and margin goals.? Provides input to the Business Plan and all stakeholders.ÿProblem Solving:? Track and analyze category, brand and product performance.? Implements action plans to liquidate stocks.? Implement action plans to optimize category margin.ÿCommunication and Working Relationships:Internal:? Direct communication with brand management & merchandising teams, IT, Finance, Inventory, Marketing, E-commerce, Store Operations Team. External:? Brand Partner? Key vendors and suppliersAcademic Qualifications and Certification :? Bachelors degree in Business Administration or similar.Experience:? Minimum 3-5 relevant years.? Proven retail experience.? Excellent abilities in financial management

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