Buyer

2 weeks ago

Gurugram, India V2 Retail Full time

Job Description

Job Overview:As a Buyer at our company, you will play a critical role in the product selection, sourcing, and inventory management process. The ideal candidate will have a solid background in buying and merchandising within an export house, brand retail, or value retail, with a strong understanding of costing and sourcing strategies. You will collaborate with vendors, manage product assortments, and help drive profitability through effective buying and cost management.

Key Responsibilities:

- Buying Merchandising:
- Manage the end-to-end buying process, from researching market trends to final product selection and purchase.
- Collaborate with merchandising teams to develop and maintain seasonal product assortments.
- Ensure the right product mix, ensuring competitive pricing, quality, and stock availability.
- Costing Pricing:
- Lead the product costing process, ensuring that all products are within the allocated budget while maintaining quality standards.
- Negotiate with vendors and suppliers to secure favorable pricing and terms.
- Work closely with the finance team to establish pricing strategies that meet both margin and competitive positioning goals.
- Sourcing Vendor Management:
- Identify and establish relationships with new suppliers and vendors to ensure product diversity, quality, and cost efficiency.
- Negotiate contracts, terms, and delivery timelines with vendors.
- Monitor vendor performance to ensure timely deliveries, product quality, and cost compliance.
- Market Trend Analysis:
- Conduct regular market research to identify emerging trends, competitor offerings, and customer preferences.
- Provide input into the development of product lines based on market insights and customer demand.
- Inventory Stock Management:
- Work closely with the inventory team to manage stock levels and ensure optimal replenishment to meet customer demand.
- Maintain accurate records of orders, deliveries, and stock levels.
- Monitor product sales and adjust orders and stock levels as needed.

Required Qualifications and Experience:

- Bachelor s degree in Fashion Merchandising, Textile Management, Business Administration, or a related field (Master s degree is a plus).
- 5+ years of experience in buying and merchandising, preferably with experience in export houses, brand retail, or value retail.
- Strong understanding of the apparel industry, including fabric knowledge, market trends, and customer preferences.
- Solid experience in costing, product pricing, and margin management.
- Knowledge of sourcing, vendor management, and procurement processes.
- Strong negotiation skills and experience working with vendors to secure favorable terms.
- Ability to work in a fast-paced environment and manage multiple priorities.
- Excellent analytical, organizational, and communication skills.
- Proficiency in Microsoft Excel, Word, and PowerPoint; experience with merchandising software is a plus.

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