Posted:1 day ago|
Platform:
On-site
Full Time
Role Summary
Determine buying requirements and formulate buying plan and budget for the assigned department/category
Align the buying plan to the overall department/category business plan and the merchandize strategy as laid down by the department/category manager
Help meet the profit targets by ensuring timely procurement of the department/category Merchandise
Pursue cost reduction measures through centralized bulk buying and/ or selecting appropriate vendor mix, scanning the environment for benchmarks and constantly improving the purchase process
Drive customer focused merchandise plans (pricing, promotion, assortment etc.) for the department to achieve sales and market share growth, and freeze associated plan with Merchandise Planning department
Study trends from historical data around product category sales and market research to assist in the overall planning process
Ensure adherence to financial plan in all key areas - sales, markdowns, margin & average inventory
Ensure optimum utilization of customer and market research information to guide department decisions on the introduction of new products, product assortment, shelf layout, promotion and pricing of products in the store
Work with Quality to ensure that the merchandise procured and received meets the quality standards set by Home Centre
Develop an adequate vendor base for the concept through active scouting and negotiation / renegotiation
Build and maintain relationships with vendors and suppliers and negotiate the best deals with them for procuring merchandise
Maintain contact with vendors; update list of vendors for bidding purposes; attend product demonstrations, obtain samples and literature regarding potential products and vendor capabilities and confer with end users
Identify, evaluate and select appropriate vendor mix to achieve business objectives
Place orders based on the buying plan and ensure merchandise is delivered as per the plan based on the agreed service level agreement
Implement financial and credit services agreement with the vendor that maximize profit and positively contribute to cash flow
Track the merchandise transportation from supplier to landmark distribution center and ensure smooth flow of goods
Follow the reverse logistics guidelines to send the faulty / damaged goods back to the vendor
Identify and leverage alternate buying opportunities to source products and to ensure that company maintains its competitive edge by constant renegotiation Ensure effective communication, collation and follow-up on various product requirements and findings obtained from the sales/store data
Keep abreast of the latest trends in buying and discuss the same with the department/category Manager from time to time to assess realignment of existing processes
Map competition prices / products and provide qualitative inputs to the business
Gather information from Industry trade groups or through trade shows/market visits
Assign responsibilities and set expectations
Give regular feedback to team
Provide support and guide the team to deliver on the job
Home Centre India
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