Assistant Buyer-Kids
3 weeks ago
Experience- 1-3 Years
Role and Responsibilities
· To contribute to the development of the divisional Buying and Merchandising strategy and to work within this strategy at all times.
· To work with merchandising team to ensure that all deliveries satisfy the assigned purchase orders.
· Identify possible future product offerings by conducting thorough research about what customers are looking for next and the technological trends that are coming up.
· Plan pricing strategies on various product lines with the marketing department and management and aim to reach an agreement with suppliers that allow for optimal pricing.
· Developing and sourcing the right product at the right time to meet customer requirements
· Maximizing current sourcing channels and identifying new opportunities
· Supporting negotiations and working with supply base to ensure that best costs and margins are achieved
· Working closely with Designers on developing styles; design research trips, fabric & print advice and informing best sellers for move-on styles.
· Working closely with Merchandising; management of stock, style options, quantities, promotions and markdowns.
· Keeping a track of Competitor’s activities through market research activities to track understand trends, forecasting, in terms of color, fabric etc
· Product presentation, packaging and Product development and develop promotional plans
· Review and adjust the season plans and weekly plans
· Product presentation, packaging and Product development and develop promotional plans
· Vendor identification and development
· Obtaining Range merchandise after effective negotiation
· To work with Marketing and Design to develop Visual Merchandising promotions in line with theme and product launches
· Ensures timely delivery of samples by vendors
· Setting of standards for quality of merchandise with QA
· Reconcile to store plans and fix departmental financial plans
· Supporting negotiations and working with supply base to ensure that best costs and margins are achieved
· Working closely with Merchandising; management of stock, style options, quantities, promotions and markdowns.
· To conduct the annual review of supplier performance with QA.
· To pursue and recover all money due from vendors as a result of performance penalties or markdown and promotional contributions.
· To regularly update the front-end on key product benefits
Qualifications and Education Requirements
Graduate/Diploma in design/apparel merchandising, NIFT (GMT/FD/Textile /KDT/D&D), Pearl academy (IFTP)
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