Purchase Manager
2 days ago
Job Summary
The Purchase Manager will be responsible for leading and implementing the company's overall procurement strategy across all fashion and lifestyle categories. This includes end-to-end vendor management, stock planning, cost optimization, and aligning inventory with business objectives such as margin targets, seasonal calendars, and customer preferences.
Position Details
Job Title: Purchase Manager
Job Location/HQ: Vijaywada
Reporting To: Managing Director
Job Qualifications & Requirements
- Bachelor's degree in Business, Fashion Merchandising, Supply Chain, or Retail Management; MBA preferred
- 10 years of retail/fashion procurement experience with category-specific buying (Menswear, Womenswear, Kidswear, Home Textiles)
- Minimum 8 years of experience as a purchase manager in a reputed multi-store retail chain
- Proven ability to manage BNS (Buy & Sell), SOR (Sale or Return), and SAS (Sell and Settle) procurement models
- Proficiency in Microsoft Excel, ERP systems (SAP/Oracle/Navision), and purchase planning tools
- Skilled in OTB (Open-to-Buy) planning, stock turnover control, aging analysis, and sell-through optimization
- Experience in pricing strategy, discounting models, and seasonal merchandise planning
- Strong track record of vendor development, onboarding, and relationship management across India
- Experience in managing multi-city, multi-format procurement operations
- Excellent leadership skills with the ability to mentor and monitor Category Purchase Managers & teams
- Skilled in setting KPIs, incentive structures, and performance monitoring systems
- Fluency in English & Hindi; knowledge of Telugu is an added advantage
- Business-to-Customer (B2C) retail experience is mandatory
Key Responsibilities
- Lead procurement strategy and execution across Menswear, Womenswear (chudidhar)
- Develop seasonal and monthly purchase plans aligned with sales targets and budgets
- Own and monitor margins, sell-through, stock turnover, stock aging, and KPIs
- Implement and standardize procurement models (BNS, SOR, SAS) as per category needs
- Build and maintain strong vendor networks across India; negotiate favorable terms
- Good business sense with strong skills in managing margins, negotiating with vendors, and reducing costs.
- Collaborate with Retail, Planning, Finance, and Merchandising teams for stock flow and demand planning
- Approve and oversee vendor onboarding, product assortment, and replenishment cycles
- Ensure documentation & compliance: rate agreements, POs, GRNs, settlements
- Coordinate with Visual Merchandising & Marketing for campaigns and promotional buys
- Present monthly dashboards on stock health, procurement insights, and gaps to leadership
- Drive process improvements to optimize timelines, costs, and vendor SLAs
- Lead, mentor, and supervise the procurement/purchase team.
Job Type: Full-time
Pay: Up to ₹50,000.00 per month
Work Location: In person
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