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Senior Buyer
6 months ago
Buying & Product development
• Determines the buying requirements and formulates buying plan as per budget for the Womenswear Western wear. At least 8 + years experience in Women's western apparel experience is must
• Puts together monthly assortment guideline for the sourcing teams for procurement based on sales analysis and future trends and AP guidelines shared by planning team
• Negotiates prices in line with the desired level of margins and ensures delivery timelines with sourcing teams
• Oversees and manages placement of orders based on the OTB plans and ensures merchandise is delivered as per the plan
• Tracks and evaluates brand/category sales performance, market sales trends and competitor trading activities to identify critical business factors and proposed action plans to increase category sales
• Consolidates and analyzes actual sales data and forecast in-season sales on a weekly, basis to drive sales & buying decsions
• Identifies buying opportunities to source products and to ensure that business unit maintains its competitive edge
• Analyses market & competition for both benchmarking value, price & product and apply this knowledge to make insightful buying decisions
• Places re-orders as proposed by the merchadising team and communicate relevant information to the sourcing team
• Maintains high level of product knowledge, ensuring the product is procured within the acceptable standard norms of quality and fit
• Ensure the right representation of the category in terms of imagery & content ideas for the storefront
Vendor Management
• Develops an adequate vendor base for the concept through active scouting and negotiation / renegotiation
• Builds and maintain relationships with vendors and suppliers and negotiate the best buy costs
• Works closely with sourcing teams to identify, evaluate and select appropriate vendor mix to achieve business objectives
People Management
• Manages and monitors the day to day activities of the buying assistant
• Develops talent within the team by providing guidance, mentoring and coaching to achieve the defined goals
Must have:
· Strong Product knowledge in related category/department
· Strong trend and customer understanding
· Advanced retail analytical skills
· Strong sourcing and range building skills
· Strong influencer and communicator with ability to interact within team and with multiple stakeholders across functions
· Negotiation and vendor management skills
· Innovative & critical thinking ability
· Ability to adapt to change and strategic thinking
· Ability to coach and guide team on goals, performance and growth
Desirable: Comfortable managing large number of options for different categories, relationship management with different levels in an organisation, complex decision making and problem solving