**Product Development Specialist**

21 hours ago

Gulbarga, Karnataka, India beBeeSourcing Full time ₹ 15,00,000 - ₹ 20,00,000
Job Title

Product Sourcing Specialist

About the Role

We are seeking a skilled Product Sourcing Specialist to join our team. In this role, you will be responsible for finding the best resources at the best prices to ensure that product is higher in quality & cost-effective for our brands.

You will work closely with our merchandising team to ensure that all deliveries satisfy the assigned purchase orders and identify possible future product offerings by conducting thorough research about what customers are looking for next and the technological trends that are coming up.

Key Responsibilities
  • To contribute to the development of the divisional Buying and Merchandising strategy and to work within this strategy at all times.
  • Plan pricing strategies on various product lines with the marketing department and management and aim 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 supply base to ensure that best costs and margins are achieved
  • Working 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.
  • Keeping a track of Competitor's activities through market research activities to track understand trends, forecasting, in terms of color, fabric etc.
  • Product presentation, packaging and Product development and develop promotional 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.
Benefits

This is a fantastic opportunity to join a dynamic team and take your career to the next level. You will have the chance to work with a talented group of professionals who are passionate about delivering exceptional results.

Others

This position offers a competitive salary and benefits package, as well as opportunities for professional growth and development.

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