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Sourcing Executive

2 months ago

Coimbatore Tamil Nadu, India Vaanam Furnishings Pvt Ltd Full time

**Job Title: Product & Sourcing Executive**

**Company: Vaanam Furnishings Pvt Ltd**

**Location: Coimbatore, Tamil Nadu**

**Key Responsibilities**:

- **Category Management and Product Sourcing**:

- Develop and implement the overall strategy for multiple categories that include furniture, furnishings, home décor and steel utensils, aligning with the company's objectives and market trends.
- Source a wide range of product assortment from various manufacturers and suppliers across India, ensuring product quality and competitive pricing.
- Identify new product opportunities and stay updated with industry trends to keep the category assortment fresh and relevant.
- **Supplier Management and Negotiation**:

- Cultivate strong relationships with existing suppliers and constantly evaluate their performance to ensure consistent product supply and service levels.
- Identify and onboard new suppliers, conducting due diligence and negotiating favorable terms and conditions to maximize cost efficiencies.
- **Inventory Management and Sales Analysis**:

- Monitor inventory levels to optimize stock availability and minimize excess inventory costs.
- Analyze sales performance, consumer behaviour, and market trends to make informed decisions for assortment planning and stock replenishment.
- **Cross-functional Collaboration**:

- Work closely with the marketing, operations, and sales teams to ensure seamless execution of category initiatives.
- Provide product training to sales staff to enhance their product knowledge and sales skills.

**Qualifications and Requirements**:

- Any bachelor’s or master’s degree.
- Proven experience of 5 to 10 years as an active Category/Product/Sourcing/Buying Manager in a relevant mid-scale retail chain or showroom.
- Strong network and sourcing experience in furniture or furnishings or home décor or steel utensils market or all above, with a demonstrated track record of successfully managing a diverse product portfolio.
- Excellent negotiation, communication, and interpersonal skills to build and maintain strong supplier relationships.
- Analytical mindset with the ability to interpret sales data and market trends to make data-driven decisions.
- Proficiency in inventory management and supply chain practices.

Pay: ₹240,000.00 - ₹300,000.00 per year

**Benefits**:

- Cell phone reimbursement
- Commuter assistance
- Health insurance
- Leave encashment
- Provident Fund

Schedule:

- Day shift

Supplemental pay types:

- Performance bonus

Ability to Relocate:

- Coimbatore, Tamil Nadu: Relocate before starting work (required)

Work Location: In person

Application Deadline: 23/02/2024
Expected Start Date: 23/02/2024

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