Assistant Manager-Procurement

Role- Assistant Manager-ProcurementExperience - 3-5 YearsLocation- GurugramAbout Fairdeal.Market is a rapidly growing B2B quick commerce company offering a wide range of products with delivery times as short as 20 minutes. Our mission is to ensure that every shopping bag worldwide can be filled efficiently and sustainably.Position OverviewThe Role will play a crucial role in managing and optimizing a specific product category to drive sales, profitability, and market share. This role involves market research, vendor relationship management, pricing strategy, and product lifecycle management. The ideal candidate is analytical, strategic, and possesses a deep understanding of e-commerce trends and consumer behavior.Key ResponsibilitiesProduct Sourcing and Supplier Management:Source stock required as per demand planning and monthly S&OP plan directly from brands and trade partners.Identify, evaluate, and onboard new suppliers to ensure a diverse and cost-effective supply chain.Maintain and manage relationships with existing suppliers for timely procurement of quality ingredients.Negotiate pricing, lead times, and contract terms with suppliers to achieve cost efficiency.Fill-Rate Target 100% for Top KKVI and for non-KVI > 90%Inventory Management:Monitor and track inventory levels to ensure uninterrupted supply to customers.Collaborate with the operations team to forecast requirements and avoid stockouts.Maintain optimal inventory turnover ratios by ensuring timely restocking and managing shelf life. As business model, operates at 7 days DIH onBrand Level.Cost Control and Budget Management:Develop and manage procurement budgets, ensuring cost-effective sourcing without compromising quality.Monitor market trends to identify opportunities for cost-saving measures.Analyze historical data to predict future SKU needs and optimize purchase decisions.New Product Launch Support:Collaborate with the Category Head and sales teams to source specific brands and product lines as per customer demand.Oversee the entire product lifecycle from introduction to phase-out.Assist in testing and selecting alternative ingredients when needed, ensuring they meet the desired product standards.Documentation and Record Keeping:Maintain accurate records of all procurement transactions, including purchase orders, supplier contracts, and invoices.Track ingredient specifications, certifications, and batch release data for compliance purposes.Collaboration and Communication:Coordinate with cross-functional teams including marketing, finance, and operations to ensure alignment on category strategies.Develop competitive pricing strategies to maximize revenue while ensuring market competitiveness.Collaborate with vendors on product launches, inventory planning, and marketing initiatives.Work with marketing teams to design and implement promotional campaigns that drive sales and enhance brand visibility.Provide regular performance reports and insights to senior management.Customer Focus:Analyze customer feedback and behavior to continuously improve the product assortment and shopping experience.Collaborate with the customer service team to address product-related inquiries and issues.Qualifications and ExperienceEducation:Bachelor's degree in Business Administration, Marketing, Retail Management, or a related field.Advanced degree or relevant certifications are a plus.Experience:Minimum of 3-5 years' experience in category management, brand/indirect buying, replenishment merchandising, or a related role in retail/e-commerce.Proven track record in managing product categories and achieving sales targets.Skills:Strong analytical skills with proficiency in data analysis and market research.Excellent negotiation, communication, and interpersonal skills.Ability to work collaboratively in a fast-paced, dynamic environment.Proficiency in Microsoft Office Suite and familiarity with retail analytics tools and ERP systems.Attributes:Strategic thinker with a keen eye for market trends.Detail-oriented, organized, and proactive in problem-solving.Customer-centric mindset with the ability to translate insights into actionable strategies.