Fashion Buyer
6 months ago
Key Responsibilities:
Market Research:Stay updated on jewelry industry trends, market dynamics, and consumer preferences.
Analyze historical sales data to identify popular jewelry items and emerging trends.
Attend trade shows, exhibitions, and events to discover new jewelry designers and suppliers.
Supplier Relations:Identify and build relationships with jewelry manufacturers, wholesalers, and artisans.
Negotiate pricing, terms, and conditions with suppliers to secure favorable agreements.
Evaluate supplier performance and quality of merchandise to maintain high standards.
Product Selection:Curate a diverse and appealing selection of jewelry items, including rings, necklaces, bracelets, and earrings.
Assess the quality, authenticity, and design of jewelry pieces to ensure they meet the company's standards.
Collaborate with designers or artisans to develop exclusive jewelry collections if applicable.
Inventory Management:Monitor inventory levels and make informed purchasing decisions to meet demand without overstocking.
Implement inventory control measures to minimize losses due to theft or damage.
Analyze inventory turnover rates and adjust purchasing strategies accordingly.
Budget Management:Create and manage budgets for jewelry procurement, ensuring cost-effectiveness.
Monitor expenses and seek cost-saving opportunities while maintaining quality standards.
Forecast and plan for seasonal demand fluctuations.
Pricing Strategy:Determine appropriate pricing strategies for jewelry items based on market conditions and competition.
Work with the pricing team to set competitive and profitable price points.
Compliance and Documentation:Ensure compliance with all legal and regulatory requirements related to jewelry procurement.
Maintain accurate records of purchases, contracts, and supplier communications.
Communication and Collaboration:Collaborate with the sales and marketing teams to align jewelry offerings with marketing campaigns and sales targets.
Communicate effectively with team members, suppliers, and other stakeholders
**Salary**: ₹353,792.63 - ₹1,200,000.00 per year
Ability to commute/relocate:
- Gautam Buddha Nagar, Uttar Pradesh: Reliably commute or planning to relocate before starting work (required)
**Experience**:
- total work: 1 year (preferred)
**Speak with the employer**
+91 9773933181
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