Posted By
Posted in
Sales & Marketing
Job Code
1439346
Key Responsibilities:
- Source and select products that align with category strategy and customer demands.
- Conduct market research to identify trends, opportunities, and competitive offerings.
- Develop and maintain a profitable product assortment.
- Establish and nurture relationships with suppliers, brands, and manufacturers.
- Negotiate terms, pricing, and contracts to secure favorable deals and exclusivity.
- Collaborate with suppliers to ensure timely delivery and high-quality standards.
- Monitor inventory levels to ensure optimal stock availability and minimize excess inventory.
- Analyze sales data and forecast demand for informed purchasing decisions.
- Implement strategies to manage slow-moving inventory and reduce obsolescence.
- Collaborate with sales and marketing teams on promotional strategies.
- Provide input on marketing campaigns, events, and promotions.
- Coordinate with the merchandising team for effective product placement and presentation.
- Manage the buying budget, ensuring efficient resource allocation and achievement of financial targets.
- Analyze financial reports to assess product performance and profitability.
- Implement corrective actions to address variances and optimize financial outcomes.
- Ensure a customer-centric approach in all buying decisions, meeting customer expectations and preferences.
- Utilize customer feedback to refine product assortment and enhance the shopping experience.
- Ensure high standards of quality and satisfaction in all purchased products.
Requirements:
- Bachelor's/Master's degree in Business, Marketing, or a related field.
- Proven track record of successful product selection and supplier negotiations.
- Strong analytical skills and ability to make data-driven decisions.
- Excellent negotiation, communication, and interpersonal skills.
- Deep understanding of category trends and consumer behavior.
- Ability to work in a fast-paced environment and manage multiple priorities.
- Strong attention to detail and organizational skills.
- Proficiency in using buying and inventory management software.
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Posted By
Posted in
Sales & Marketing
Job Code
1439346