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Assistant Buyer-Kids

2 weeks ago

Mumbai, Maharashtra, India Shoppers Stop Full time ₹ 5,00,000 - ₹ 8,00,000 per year

Experience- 1-3 Years

Role and Responsibilities

· To contribute to the development of the divisional Buying and Merchandising strategy and to work within this strategy at all times.

· To work with merchandising team to ensure that all deliveries satisfy the assigned purchase orders.

· Identify possible future product offerings by conducting thorough research about what customers are looking for next and the technological trends that are coming up.

· Plan pricing strategies on various product lines with the marketing department and management and aim to reach an agreement with suppliers that allow for optimal pricing.

· Developing and sourcing the right product at the right time to meet customer requirements

· Maximizing current sourcing channels and identifying new opportunities

· Supporting negotiations and working with supply base to ensure that best costs and margins are achieved

· Working closely with Designers on developing styles; design research trips, fabric & print advice and informing best sellers for move-on styles.

· Working closely with Merchandising; management of stock, style options, quantities, promotions and markdowns.

· Keeping a track of Competitor's activities through market research activities to track understand trends, forecasting, in terms of color, fabric etc

· Product presentation, packaging and Product development and develop promotional plans

· Review and adjust the season plans and weekly plans

· Product presentation, packaging and Product development and develop promotional plans

· Vendor identification and development

· Obtaining Range merchandise after effective negotiation

· To work with Marketing and Design to develop Visual Merchandising promotions in line with theme and product launches

· Ensures timely delivery of samples by vendors

· Setting of standards for quality of merchandise with QA

· Reconcile to store plans and fix departmental financial plans

· Supporting negotiations and working with supply base to ensure that best costs and margins are achieved

· Working closely with Merchandising; management of stock, style options, quantities, promotions and markdowns.

· To conduct the annual review of supplier performance with QA.

· To pursue and recover all money due from vendors as a result of performance penalties or markdown and promotional contributions.

· To regularly update the front-end on key product benefits

Qualifications and Education Requirements

Graduate/Diploma in design/apparel merchandising, NIFT (GMT/FD/Textile /KDT/D&D), Pearl academy (IFTP)