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Manager - Buying
2 months ago
Job Title: Manager- Buying
Function: Buying
Experience: Minimum 5 years of experience in Buying
Location: Gurugram
Key Deliverables (Essential Functions & Responsibilities of the Job):
- To formulate a detailed plan for the products to be offered each quarter.
- Range presentation to sign off the BU plan with the Buying and Merchandising Head.
- Booking quantities of products to meet launch and respond to in-season variables.
- Generating analysis to be able to support buying decisions.
- Reacting to sales Information and working with suppliers to revise production flows and maximize sales.
- Agreeing and reviewing targets for sales, margin, stock, commitment and availability.
- Assisting operating plan review and lessons learnt.
- Completing catalogue intentions and IRP.
- Managing the plans for all markdown periods.
- Agreeing on the range production plan with the manager and monitoring suppliers.
- Working with the supplier for the prompt input of flows to ensure alignment between production and commitment.
- Production plans to manage MSI capacity.
- Provide information to the retail team to allow them to provide layout plans to stores.
- Providing input into price point strategy for ranges.
- Maintaining awareness of the competition’s product offer.
- Planning, optimizing and reviewing the catalogue by shape of the chain.
- implementing and exploiting new systems and processes.
Key Requirement:
- Operating Plan for the department
- Product selection from Marks and Spencer global catalogue that captures trend, volume and key drivers.
- Local product development to address local requirements, gaps in the offer and margin opportunity
- Flow and phasing planning
- Product bought to plan
- Product delivered to critical path
- Managing the catalogue plan
- Plan to develop a shorter lead time product in season
- Develop ‘value fashion’ for tier 2 markets
- Work with VM and Marketing to deliver and highlight the ‘look’.
- Maximize product opportunity in ‘peak selling’ eg. gifting in
