Purchase Analyst

Job Title: Purchase Analyst

Department: Purchase / Merchandising

Industry: Retail – Apparel & Fashion

Location: Solapur Maharashtra 413001

Reports To: Purchase Manager / Head – Merchandising

Job Purpose:

The Purchase Analyst will be responsible for analyzing purchase trends, supplier performance, and stock requirements to ensure cost-effective and timely procurement of apparel merchandise. The role focuses on optimizing inventory levels, supporting buying decisions, and providing data-driven insights to improve purchasing efficiency and profitability.

Key Responsibilities:

• Analyze purchase data, vendor performance, and procurement costs to identify trends and areas for improvement.
• Prepare regular reports on purchase budgets, cost variances, and product category-wise spend.
• Work closely with the merchandising and inventory teams to forecast demand and plan purchase quantities accordingly.
• Track purchase orders, delivery schedules, and supplier lead times to ensure on-time stock availability.
• Evaluate supplier quotations, negotiate rates, and ensure adherence to quality and compliance standards.
• Maintain updated records of vendors, pricing, and purchase agreements.
• Identify slow-moving and fast-selling items to optimize purchase plans and reduce inventory holding costs.
• Coordinate with the finance team for timely vendor payments and reconciliation.
• Assist in developing purchase strategies aligned with sales trends and seasonal requirements.
• Support management in developing data dashboards and MIS reports for decision-making.

Key Skills & Competencies:

• Strong analytical and numerical skills
• Proficiency in MS Excel, ERP systems (SAP, Tally, or similar)
• Knowledge of apparel category buying and vendor management
• Attention to detail with strong data interpretation abilities
• Excellent communication and negotiation skills
• Ability to work cross-functionally with merchandising, warehouse, and finance teams

Educational Qualification:

• Bachelor's degree in Commerce, Business Administration, Supply Chain, or related field
• MBA or PG Diploma in Supply Chain / Retail Management preferred

Experience Required:

• 2 to 5 years of experience in purchase analysis, procurement, or merchandising within the retail apparel or fashion industry

Key Performance Indicators (KPIs):

• Cost savings through vendor negotiation
• Accuracy in demand forecasting and purchase planning
• On-time delivery performance
• Inventory turnover ratio
• Supplier performance rating

How to Apply:

· Whatsapp/Call

Job Types: Full-time, Permanent

Pay: ₹20, ₹30,000.00 per month

Benefits:

• Health insurance
• Provident Fund

Work Location: In person