Merchandise Buying

The Senior Merchandise Buyer in the B&M function at PALMONAS is a key role with significant influence across teams in the Jewellery Industry. Your primary responsibility is to lead in-season analysis and strategic financial planning, driving merchandise buying, sourcing, and product development. Collaboration with Design, Merch Planning, Operations, and Supply Chain teams is essential to establish and optimize the B&M function. You will communicate forecast assumptions to internal partners and external suppliers, recommending catalogue SKU selection, new merchandise programs, and assortments to drive sales growth and productivity. Collaborating with the design and marketing manager on marketing efforts, product knowledge, and merchandising is crucial. Creating over 500 option GTM/CTM monthly, along with seasonal Buying, is part of your routine tasks. Providing feedback and coaching to associates, driving cost savings, and enhancing efficiencies through supplier and internal reviews are also key responsibilities. You will evaluate market trends, negotiate with suppliers for competitive prices, manage all documentations like purchase orders, and onboard new vendors aligned with Brand Values. Preparing reports and analysis for reorders, assisting in budgeting and future purchase plans, and maintaining order records are also part of your duties. Travel may be required based on business needs. Key competencies include PD Merchandising, Vendor Management, Costing and Negotiations, Demand & Supply Planning, Inventory Management, Retail Channel Management (Online & Offline), STR & PLC, and Team Appraisal & Evaluation. The ideal candidate will have 7-9 years of experience in the field, with a mandatory educational qualification of NIFT/PEARL/MBA. Desirable qualifications include NIFT/PEARL/MBA with 7+ years of experience.,