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Sourcing, Buying and Planning Head

4 months ago

Bengaluru, India Kalyan Silks Full time

Responsibilities:

Team Leadership and Development:

  • Building a team of buyers and merchandisers
  • Lead, mentor, and develop a team of sourcing, planning, and buying professionals.
  • Foster a collaborative and high-performance culture within the team.
  • Set clear performance objectives, conduct regular performance reviews, and provide constructive feedback.

Vendor Management:

Identify and establish relationships with reliable apparel suppliers.

Negotiate favourable terms, ensuring competitive pricing and timely deliveries.

Conduct regular vendor performance reviews.

Trend Analysis:

Stay abreast of current fashion trends and consumer preferences.

Analyse market trends to make informed buying decisions.

Product Selection:

Curate a diverse and appealing product assortment aligned with the brand's image.

Select merchandise based on quality, style, and market demand.

Inventory Management:

Optimize inventory levels to minimize overstock or stockouts.

Implement effective markdown strategies to clear slow-moving inventory.

Budget Control:

Develop and manage buying budgets to maximize profitability.

Monitor and control costs through effective negotiation and budget adherence.

Collaboration:

Work closely with the team to align product offerings with promotional campaigns.

Collaborate with store managers to understand local market needs.

Requirements:

Minimum 5 years’ experience

Bachelor's degree in Fashion Merchandising, Business, or related field.

Proven experience as a Buying or Sourcing Manager in the retail fashion industry.

Strong negotiation skills and a track record of securing favourable terms.

In-depth knowledge of fashion trends, market dynamics, and supplier landscapes.

Excellent analytical and decision-making abilities.

Effective communication and collaboration skills.

Ability to thrive in a fast-paced, dynamic environment.