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Vendor Relation Executive-Reputed E-Commerce Industry-Mumbai, Maharashtra, India-Upto 5 Lacs-Meetali-8655086777
3 weeks ago
JOB DETAILS
Establishing and executing product strategy, and identify, on board and partner with vendors to drive business growthAnalyse data or insights to determine industry and consumer trends
Devise long-term development strategies for product categories.
Develop exit strategies for unsuccessful products.
Foster trust relationships with vendors to achieve better pricing and quality of services
Collaborate with buyers and merchandisers to expand product categories
Assume responsibility of budget development and revenue for category
Make forecasts for product demand to ensure the sustainability of inventory
Managing multiple vendors such as developing and evaluating them on certain parameters & Carrying out optimization of vendors
Closely studying past sales data to determine trends in productivity
Suggesting adjustments and revisions to promotional strategies to take sales and profitability to the next level.
Helping new vendors to meet impossibilities and building relationships with them.
Delivering a world-class customer experience and exceptional sales and margin growth for assigned categories.
Strategic planning across category for short-term as well as long-term horizons.
Determining customer market needs, growing selection across sub-categories, brands and use cases, managing vendor, negotiating and optimizing vendor terms and getting support for marketing campaigns.
Build strong relationships with existing vendors and execute negotiations to secure best pricing, sales programs, promotional support, exclusivity, bundling etc.
Developing with Pricing team overall pricing strategy and promotional calendar across categories to drive sales and profit goals, by conducting relevant market research on competitors and products.
Responsible for ensuring the latest assortments is available on the portal and keep identifying opportunities to bring on new product lines for assigned category.
Identify and develop new market opportunities and create a road-map for category to improve on all key points like returns, cancellations etc.
Creating MIS reports, weekly/monthly dashboard on vendor and category performance.
Coordinating with cross-functional teams for smooth execution of all online backend operations.
FUNCTIONAL AREA
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