Market Intelligence Executive
1 day ago
**Job Title**: Market Intelligence Executive - Supermarket Warehouse
**Department**: Procurement & Supply Chain
**Location**: Chennai
**Job Summary**:
The Market Intelligence Executive will be responsible for monitoring, analyzing, and reporting on market prices, competitor pricing strategies, and trends in grocery and FMCG products. The role involves regular market visits, price comparisons, and data analysis to support purchasing and pricing decisions for the supermarket chain.
**Key Responsibilities**:
1. **Market Price Tracking**:
- Conduct regular market visits to collect price data on key grocery, FMCG, and fresh produce items.
- Compare competitor pricing, promotions, and offers across different supermarkets and retail stores.
- Maintain a price database and track price fluctuations over time.
2. **Competitor Analysis**:
- Analyze competitor pricing strategies and promotional trends.
- Identify top-selling products and pricing patterns in the market.
- Provide insights on competitor offers, discounts, and seasonal pricing changes.
3. **Vendor & Supplier Benchmarking**:
- Assess wholesale and supplier pricing to ensure competitive procurement.
- Identify potential suppliers offering better rates or product quality.
- Recommend negotiations based on market insights.
4. **Reporting & Analysis**:
- Prepare daily/weekly/monthly price reports for the procurement team.
- Provide actionable insights to optimize pricing and improve profitability.
- Identify market trends, including inflation, seasonal variations, and demand shifts.
**Skills & Qualifications**:
- Bachelor’s degree
- 2+ years of experience in market research, retail pricing, or procurement.
- Strong analytical and numerical skills.
- Proficiency in MS Excel
- Excellent communication and negotiation skills.
- Willingness to travel for market visits.
Thanks & Regards
HR - 7845904928 / 9944754929
Pay: ₹15,000.00 - ₹25,000.00 per month
**Benefits**:
- Cell phone reimbursement
- Paid sick time
- Provident Fund
Schedule:
- Day shift
Work Location: In person
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