Kids' Merchandise Buyer

2 weeks ago

Chennai, Tamil Nadu, India beBeeBuying Full time ₹ 60,00,000 - ₹ 1,20,00,000

Job Opportunity:

The role of a Buying Specialist for Kids' Merchandise is responsible for all aspects related to buying and merchandising in the designated departments. This entails finding optimal resources at the best prices, ensuring that products are of high quality and cost-effective for their respective brands.

  • To contribute to the development of the divisional Buying and Merchandising strategy and work within this strategy at all times.
  • To collaborate with the merchandising team to ensure that all deliveries satisfy the assigned purchase orders.
  • Identify potential future product offerings by conducting thorough research about what customers are looking for next and the technological trends that are emerging.
  • Determine pricing strategies on various product lines in collaboration with the marketing department and management, aiming to reach an agreement with suppliers that allow for optimal pricing.
  • Developing and sourcing the right product at the right time to meet customer requirements.
  • Maximizing current sourcing channels and identifying new opportunities.
  • Supporting negotiations and working with the supply base to ensure that best costs and margins are achieved.
  • Collaborating closely with Designers on developing styles, design research trips, fabric & print advice, and informing best sellers for move-on styles.
  • Working closely with Merchandising; management of stock, style options, quantities, promotions, and markdowns.
  • Maintaining track of Competitor's activities through market research activities to understand trends, forecasting, in terms of color, fabric, etc.
  • Product presentation, packaging, and Product development and develop promotional plans.
  • Review and adjust the season plans and weekly plans.
  • Vendor identification and development.
  • Obtaining Range merchandise after effective negotiation.
  • To work with Marketing and Design to develop Visual Merchandising promotions in line with theme and product launches.
  • Ensures timely delivery of samples by vendors.
  • Setting of standards for quality of merchandise with QA.
  • Reconcile to store plans and fix departmental financial plans.
  • Supporting negotiations and working with supply base to ensure that best costs and margins are achieved.
  • Working closely with Merchandising; management of stock, style options, quantities, promotions, and markdowns.
  • To conduct the annual review of supplier performance with QA.
  • To pursue and recover all money due from vendors as a result of performance penalties or markdown and promotional contributions.
  • To regularly update the front-end on key product benefits.

Requirements:

Education - NIFT / Pearl (B. Design / MFM)

Experience in Kids - 8-12 years

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