Buyer

Job Overview :   As a Buyer at our company, you will play a critical role in the product selection, sourcing, and inventory management process. The ideal candidate will have a solid background in buying and merchandising within an export house, brand retail, or value retail, with a strong understanding of costing and sourcing strategies. You will collaborate with vendors, manage product assortments, and help drive profitability through effective buying and cost management.

Key Responsibilities :

• Buying Merchandising :
• Manage the end-to-end buying process, from researching market trends to final product selection and purchase.
• Collaborate with merchandising teams to develop and maintain seasonal product assortments.
• Ensure the right product mix, ensuring competitive pricing, quality, and stock availability.
• Costing Pricing :
• Lead the product costing process, ensuring that all products are within the allocated budget while maintaining quality standards.
• Negotiate with vendors and suppliers to secure favorable pricing and terms.
• Work closely with the finance team to establish pricing strategies that meet both margin and competitive positioning goals.
• Sourcing Vendor Management :
• Identify and establish relationships with new suppliers and vendors to ensure product diversity, quality, and cost efficiency.
• Negotiate contracts, terms, and delivery timelines with vendors.
• Monitor vendor performance to ensure timely deliveries, product quality, and cost compliance.
• Market Trend Analysis :
• Conduct regular market research to identify emerging trends, competitor offerings, and customer preferences.
• Provide input into the development of product lines based on market insights and customer demand.
• Inventory Stock Management :
• Work closely with the inventory team to manage stock levels and ensure optimal replenishment to meet customer demand.
• Maintain accurate records of orders, deliveries, and stock levels.
• Monitor product sales and adjust orders and stock levels as needed.

Required Qualifications and Experience :

Skills Required

Buying, Merchandising, Product Costing, pricing strategy , Vendor Management