Product Sourcing Specialist

3 days ago

Bengaluru, Karnataka, India beBeeCategory Full time ₹ 90,00,000 - ₹ 1,25,00,000
Job Overview:

We are seeking an experienced Category Manager to join our team.

This role is crucial in shaping the product assortment and ensuring that we offer a compelling range of products to customers.

Main Responsibilities:Product Sourcing:
  • Select a diverse range of products that align with our category strategy and meet customer demands.
  • Conduct market research to identify new trends, product opportunities, and competitive offerings.
  • Develop and maintain a well-balanced and profitable product assortment.
Supplier Partnerships:
  • Establish and nurture strong relationships with suppliers, brands, and manufacturers.
  • Negotiate terms, pricing, and contracts to secure favorable deals and exclusivity where possible.
  • Collaborate with suppliers to ensure timely delivery and high-quality standards of products.
Inventory Management:
  • Monitor inventory levels to ensure optimal stock availability and minimize excess inventory.
  • Analyze sales data and forecast demand to make informed purchasing decisions.
  • Implement strategies to manage slow-moving inventory and reduce obsolescence.
Sales and Marketing Alignment:
  • Work closely with the sales and marketing teams to develop promotional strategies that drive product visibility and sales.
  • Coordinate with the merchandising team to ensure effective product placement and presentation.
Customer Focus:
  • Champion a customer-centric approach in all purchasing decisions, ensuring products meet customer expectations and preferences.
  • Utilize customer feedback and insights to refine product assortment and enhance the shopping experience.
  • Ensure the highest standards of quality and satisfaction in all purchased products.
Requirements:
  • Bachelor's degree in Business, Marketing, or a related field
  • Proven track record of successful product sourcing and supplier negotiations.
  • Strong analytical skills and the ability to make data-driven decisions.
  • Excellent negotiation, communication, and interpersonal skills.
  • Deep understanding of category trends and consumer behavior.
  • Ability to work in a fast-paced environment and manage multiple priorities.
  • Strong attention to detail and organizational skills.
  • Proficiency in using buying and inventory management software.

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