Category Manager

1 week ago

Mumbai, Maharashtra, India Croma Full time
Job Description

About the Company -

Join India&aposs electronics retail revolution with Croma, a Tata Group company, where you&aposll shape the future of tech retail. We offer cross-functional growth opportunities and the chance to be part of the trusted Tata legacy spanning over 150 years. As one of Brand Finance India&aposs top 100 most valuable brands, we are crafting experiences, driving innovation, and redefining the future of electronics retail. Be part of a team that&aposs not just riding the wave of change but also creating it. Come, help us shape the way India interacts with technology.

About the department -

The Buying department in a retail business, especially in consumer electronics and consumer durables, plays a pivotal role in ensuring the right products are available to meet customer demands. We focus on Product Selection, Supplier Management, Inventory Management, Sales and Margin improvement which are essential for the companys operations. This department ensures that the organization obtains high-quality products at competitive prices, maintaining strong relationships with suppliers and vendors. Key functions include market research, supplier negotiation, contract management, and inventory control. The team works closely with other departments to understand their needs and align strategies with the companys overall goals.

Responsibilities -

- Buy, range and manager the category based on the demands and expectations of our customers
- Develop the category strategy (business plan) annually and review quarterly
- Prepare the annual category budget with Finance Input
- Ensure fair, consistent and competitive pricing on all merchandise
- Achieve category Sales and Gross Profit Budgets
- Monthly reporting and ad hoc reviews of category financial performance
- Monthly financial planning
- Analysis and monitoring of market activities for threats and opportunities
- Identify and source new products and suppliers from both India and overseas. Also consolidate the number of suppliers for existing products where commercially appropriate
- Evaluate products to be ranged and deleted
- Negotiate and set up buyer contract and negotiate promotional plans and rebates with suppliers
- Ensure all deadlines are met for the category in all areas
- Manage the launch of new products into the market to ensure first to market for all critical new lines
- Conduct regular range reviews
- Work with the assistant buyer to develop item level and promotional forecasting
- Manage open to buy for the category
- Update and adjust store and promotional models
- Respond to customer complaints regarding category products
- Select products to be promoted in conjunction with the Assistant Buyer
- Prepare advertising submissions and attend relevant meetings to brief advertising agency
- Check advertised offers to ensure adequate stock to cover promotional demand
- Analyse effectiveness of promotions
- Ensure Buying process and policies are implemented with regards to pricing, recalling of stock, advertising and introduction on new lines
- Ensure HR policies and procedures are implemented including recruitment, performance management, talent management and training and that employee issues are dealt with in a fair, timely and equitable manner
- Provide a safe workplace for all employees including implementing and maintaining safety standards in line with company and legislative requirements

Experience - 8 years experience as a Buyer in a retail (CDIT) or commercial environment

Educational Qualification - Postgraduate/MBA equivalent degree

Required Skills

- Excellent verbal and written communication skills.
- Strong negotiation skills.
- Accurate numerical and analytical skills.
- Strong analytical ability and ability to synthesizing information into actionable objectives, planning and outcomes.
- Good fundamental understanding of analytical & communication tools.
- Ability to generate and present actionable recommendations to a diverse range of stakeholders.
- Capable of managing and executing complex project management tasks.
- Data-driven thinking.
- Highly creative and innovative approach.
- Strong collaborative & growth mindset.
- Strong People management skills.

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