Buying & Sourcing Manager

As the Buying & Sourcing Manager at SEVORA, you will play a crucial role in building the curated brand portfolio by sourcing ready-made clothing from established fashion brands and designers. Your responsibilities will include ensuring the right balance of affordable-luxury, premium, and aspirational brands while negotiating buying, SOR (Sale or Return), consignment, and exclusivity partnerships. Your role will demand a mix of trend sensitivity, commercial acumen, and strong brand/vendor relationships to deliver a profitable, fresh, and fashion-forward assortment that aligns with SEVORA's styling-led positioning. **Key Responsibilities:** - Define and execute SEVORA's sourcing roadmap aligned with brand positioning and customer insights. - Identify, evaluate, and onboard premium and affordable-luxury brands across categories. - Negotiate buying, SOR, consignment, and exclusivity deals to optimize risk and profitability. - Maintain compliance with quality, labeling, and sustainability standards. **Assortment Planning & Forecasting:** - Plan seasonal assortments based on trend forecasts, stylist inputs, and sales data. - Create demand forecasts and OTB (Open-to-Buy) plans to manage budgets and inventory risk. - Balance core, seasonal, and trending categories to drive discovery and repeat engagement. **Commercial & Pricing Management:** - Set margin targets, pricing structures, and markdown strategies. - Monitor gross margins and negotiate favorable commercial terms with partners. - Work with finance teams on budget allocation and spend control. **Vendor & Partner Management:** - Build strong partnerships with established brands, designers, and distributors. - Structure vendor contracts covering pricing, credit, returns, and service levels. - Conduct regular vendor performance reviews (sell-through, OTIF, returns, customer feedback). **Cross-functional Collaboration:** - Work with stylists and visual merchandising to align sourcing with brand storytelling. - Collaborate with logistics/ops to ensure on-time deliveries, returns, and reverse logistics under SOR. - Partner with technology teams to enable smooth onboarding through vendor/ERP systems. - Provide trend and product insights to marketing for campaign storytelling. **Performance Monitoring & Optimization:** - Track sell-through, gross margins, and contribution of sourced brands to revenue. - Optimize sourcing mix through data-driven insights and customer feedback. - Benchmark against competitors in pricing, assortment depth, and catalog freshness. **Skills & Competencies:** - Strong expertise in fashion buying & sourcing, including SOR/consignment models. - Proven negotiation and relationship-building skills with premium fashion brands. - Assortment planning and demand forecasting experience. - Strong commercial mindset with pricing, margin, and budget management expertise. - Familiarity with PLM/ERP systems and vendor onboarding platforms. - Knowledge of sustainability, compliance, and ethical sourcing standards. - Ability to balance creative curation with commercial targets. - Trend awareness supported by tools like WGSN, Edited, or Heuritech. **Qualifications & Experience:** - Bachelors/Masters degree in Fashion Management, Merchandising, Business, or related field. - 6-8 years of experience in buying/sourcing for fashion retail or e-commerce, ideally in affordable-luxury/premium categories. - Experience negotiating SOR/consignment contracts and building strong vendor networks. - Proven track record of assortment curation, margin management, and vendor partnerships. - Exposure to premium fashion marketplaces (Myntra, Ajio, Tata Cliq, Nykaa Fashion, Reliance Brands, etc.) is a plus.,