3 Buying Strategy Jobs

Reviews & creates the annual sales plan of the respective brands in the category handled, suggests the same to seniors. Sets & executes buying strategies of the respective brands in the category handled to achieve the sales (Budget Achievement & growth %) and margin (Intake & Rupee margin %) targets. Identifies potential growth categories & sales on a continuous basis in order to achieve the targets. Determines the buying strategy/pricing strategies/Sourcing Strategies for respective brands in the category handled. Plans& reviews the phasing / delivery of orders (season-wise) as per the OTB (Open To Buy) budget. Ensures timely (as per the critical path) Range Presentation to seniors. Evaluates market trend analysis/competition analysis & customer survey reports for formulating next seasons strategy. Defines brand DNA through brand territory & target customer profile and ensures that brand planning is in alignment. Reviews the PLM for the season / products with the buying team / arrangements by VM team. Reviews the samples with the team in order for range development / process. Undertakes product innovation & new product development by providing new fashion inputs for story / theme / concept creation while ensuring consistent brand handwriting. Undertakes new vendor tie-ups and collaborates with them to ensure new introductions, on-time delivery and right product at right costing; to achieve margin targets.

Responsibilities: Buying Merchandising: Lead the buying strategy to ensure alignment with market trends, customer preferences, and company goals. Develop and manage the seasonal product assortment, considering customer demands, market insights, and financial targets. Ensure a balanced and profitable product range by working closely with merchandising and planning teams. Negotiate prices, terms, and agreements with vendors to ensure competitive pricing while maintaining margins. Fabric and Costing Expertise: Oversee fabric selection, ensuring the materials are aligned with current trends, customer preferences, and quality standards. Analyze fabric costs and negotiate with suppliers to ensure cost-effective solutions without compromising on product quality. Manage the entire costing process from fabric sourcing to final garment production, ensuring profitability for each product. Sourcing Vendor Management: Identify and onboard new suppliers and vendors in line with the brand s quality and cost requirements. Develop and maintain strong relationships with key suppliers and vendors to ensure timely deliveries and consistency in product quality. Regularly evaluate vendor performance and conduct quality checks, negotiating improvements where necessary. Inventory Supply Chain Coordination: Collaborate with the supply chain team to ensure timely procurement and delivery of goods. Optimize stock levels to ensure the right balance between supply and demand while reducing overstock and stockouts. Market Trend Analysis: Conduct thorough market research and competitor analysis to stay updated on industry trends, customer preferences, and pricing strategies. Provide actionable insights to the merchandising and marketing teams to optimize the product offering. Team Collaboration Reporting: Work closely with cross-functional teams including merchandising, planning, supply chain, and marketing to ensure smooth execution of buying and merchandising strategies. Provide regular performance reports on buying, sourcing, and vendor management to senior management. Required Qualifications and Experience: Bachelor s degree in Fashion Merchandising, Textile Management, Business Administration, or a related field (Master s degree is a plus). Minimum of 10+ years of experience in buying and merchandising in the apparel industry, preferably in export houses, brand retail, or value retail. Strong expertise in fabric selection, costing, sourcing, and vendor management. Deep understanding of current fashion trends, customer behaviour, and market demands. Proven ability to manage vendor relationships, negotiate pricing, and manage product assortment. Strong analytical skills, with experience in product costing, budgeting, and forecasting. Excellent communication, negotiation, and interpersonal skills. Ability to work in a fast-paced, deadline-driven environment. Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint) and any merchandising software

ROLES & RESPONSIBILITIES : Check and evaluate the raw material price trends for strategic sourcing. Analyzing Markets and understanding Supply/Demand Dynamics for all key raw material Job work alternatives by planning and Costing To develop buying strategies which optimize the RM prices for business plan products. Defining and executing procurement plan based on sales plan / production plan budgeted with timely delivery to site Develop job worker Suppliers as per the chemistry requirement for the new products. Defining Standard Selection Criteria for job work sites and get the work executed ensuring the proper material management Assist in real time review of budgetary expenditure of new product development expenditure Monitor and review allocations as per OPEX Ensure timely issuance of purchase orders and supplies Monitor delivery schedule and constantly follow up to onsite delivery Evaluate vendor base in terms of time, cost quality of delivery Ensure timely release of payments as per agreement/payment terms EDUCATIONAL QUALIFICATIONS : Any Graduate / Postgraduate with material / planning management knowledge. RELEVANT & TOTAL YEARS OF EXPERIENCE : 8 - 12 years experience in sourcing / procurement of chemicals / raw materials in a Chemical/Pharma/battery chemical companies –. Should be well-conversant with the strategic sourcing commercial aspects and Job workers sites. Knowledge of GST laws as well as Exports / Imports documentation will be an added advantage