Buying and Merchandising
1 week ago
Identify, source and select products that align with company’s target audience and seasonal trends.
- Develop relationships with vendors and manufacturers to negotiate prices, terms and delivery schedules.
- Manage purchasing decisions to ensure product availability while maintaining inventory levels.
- Regularly monitor stock levels and collaborate with logistics teams to ensure timely deliveries.
- Maintain optimal stock levels, minimizing overstock and stockouts and ensuring product availability across all sales channels.
- Monitor and manage the gross margin on products and adjust strategies to maximize profitability.
- Build and maintain strong relationships with key suppliers and negotiate competitive terms, prices and delivery timelines.
- Resolve issues related to product quality, delivery delays or pricing discrepancies with suppliers.
- Monitor vendor performance to ensure they meet agreed-upon standards for quality, cost and delivery.
- Identify key market trends and customer preferences to adjust product assortments and buying strategies.
- Attend trade shows to ensure the product range remains relevant and competitive.
- Prepare regular reports on sales, stock levels and performance metrics for senior management.
Key Requirements:
- Graduate / MBA - Minimum 8-10 years of experience in Retail Business.
- Ability to manage multiple products and suppliers while maintaining accuracy in inventory and purchasing records.
Pay: ₹500,000.56 - ₹700,000.54 per year
**Benefits**:
- Paid sick time
- Paid time off
- Provident Fund
Schedule:
- Day shift
Work Location: In person
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