Purchase Executive Retail

Qualification : Graduation Experience:
Total 8-10 years with minimum 3-4 years of managerial experience in procurement, supply chain, or inventory management, preferably in the FMCG or grocery retail industry.

Job Description The Senior Executive - FMCG & Grocery Procurement is responsible for ensuring efficient procurement and inventory management, timely product delivery, and effective vendor coordination. This individual will also monitor market competition and benchmark other retail chains or competitors to analyze pricing strategies and product offerings, ensuring the business stays ahead in the market. The role demands a proactive approach to securing offers, optimizing inventory rotation, and maintaining profitability through efficient supply chain practices.

**Key Responsibilities:1.Vendor Management**:

- Build and maintain relationships with existing and new vendors for timely & proper services.Manage onboarding of new vendors and products while ensuring all terms and conditions align with business objectives.Negotiate favorable terms, prices, and offers from vendors to boost profit margins.

**.Inventory Management**:

- Track and monitor inventory levels across retail stores to avoid stock outs or overstocking.Identify and address slow-moving or non-performing products, recommending strategies such as promotions or delisting.Ensure inventory rotation & sales through at retail stores is within defined timelines. 3.Damage, Expiry, and Near-Expiry Management:

- Oversee the timely disposal or return of damage, expired, & near-expiry products at retail stores as well as in warehouse to minimize losses.Collaborate with vendors for product buy-back or credit notes for such items. **.Market Competition and Benchmarking**:

- Benchmark other retail chains or competitors to analyze their pricing strategies for the same products.Monitor market trends and competitor product offerings to ensure competitive positioning.Use benchmarking insights to recommend pricing adjustments, new product additions, or promotional strategies.

**5.Order Management**:

- Prepare and process purchase orders, ensuring timely tracking and delivery of goods.Resolve discrepancies in orders, including quality or quantity issues.

**6.Sales and Product Performance Analysis**:

- Conduct regular analysis of product performance using sales data.Identify opportunities to increase sales for slow-moving products through promotions, bundling, or discounts.

**7.Negotiation and Offer Management**:

- Secure maximum offers and promotional deals from vendors.Collaborate with vendors to launch schemes that align with seasonal and customer demand trends.

**8.Collaboration and Communication**:

- Work closely with retail store managers to understand inventory requirements and ensure stock availability.Coordinate with marketing teams to support promotional activities and campaigns.

**9.Reporting and Compliance**:

- Maintain accurate records of procurement activities, including purchase orders, vendor agreements, and inventory levels.Generate and present reports on procurement performance, market trends, and vendor negotiations for management review.

**Required Skills and Competencies**:1.Technical Skills:

- Proficiency in procurement processes, inventory management, and supply chain practices.Advanced skills in MS Office (Excel, Word, PowerPoint) and ERP systems.Ability to analyze market trends and sales data to make informed decisions.

**2.Soft Skills**:

- Strong negotiation and communication skills to build and maintain vendor relationships.Excellent problem-solving and analytical skills to address challenges in procurement and inventory management.Leadership and time-management abilities to handle multiple tasks efficiently.

3**.Strategic Skills**:

- In-depth understanding of the FMCG and grocery market, including product categories and trends.Knowledge of benchmarking techniques for retail pricing and competitor analysis.Ability to develop strategies that align with business goals and market demands.

**Education and Experience Requirements**:

- Education:

- Bachelor’s degree in Business Administration, Supply Chain Management, Retail Management, or a related field.


Pay: ₹40,000.00 - ₹50,000.00 per month

**Benefits**:

- Provident Fund

Schedule:

- Day shift
- Fixed shift

Work Location: In person