Senior Buyer

Job Description

Position Title
Senior Buyer
POSITION OBJECTIVE
The job holder will be responsible for developing strategic buying plans in consultation with the functional head for the assigned department/ category. The job holder will also ensure smooth buying operations through vendor identification, evaluation and selection, in compliance with the contract principles to achieve the strategic and financial objectives of the concept
Key Responsibilities
Buying Budget and Planning

• 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 Functional head
• Manage the category/ brand management with the objective of maximizing sales and profits
• 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

2.
Category/ Brand Management

• Ensure growth in the sales and gross margins for the assigned categories/ brands by driving focus on individual categories/ brands
• Plan the buying budget for the category/ brand
• Assist the Functional head in overseeing overall category/ brand plans in the areas of pricing, promotion, assortment and allocation for each category/ brand
• Assist the Functional head in reviewing the performance of category/ brand business plans by using appropriate scorecard for measuring category/ brand performance
• Ensure collaboration between category/ brand managers to leverage efficiencies in procurement, transportation, warehousing and store operations
• Maintain relationships with key vendors who are critical for the long term success of the business

3.
Vendor Management

• 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 brochures regarding potential products and vendor capabilities and confer with end users
• Identify, evaluate and select appropriate vendor mix to achieve business objectives

4.
Order Management

• Work with the planning team on demand estimation and ordering 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 centre and ensure smooth flow of goods
• Follow the reverse logistics guidelines to send the faulty / damaged goods back to the vendor

5.
Vendor and Product Research

• 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 Head/ Category Manager from time to time to assess realignment of existing processes
• Gather information from Industry trade groups or through trade shows/market visits.

6.
Merchandise Planning

• Supervise the merchandise planning process and all other parameters used for merchandise analytics
• Cordinate with Planning team for merchandise requirements by setting sourcing triggers based on actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs etc
• Discuss, decide and freeze the merchandise plans(pricing, promotion and assortment) and ensure effective in season management
• Review the merchandise plans on a periodic basis to ensure profit is maximized and maintained to reach target levels

7.
Quality Control

• Manage formulation of the quality control process steps and manual.
• Ensure the merchandise procured and received meets the quality standards set by Lifestyle

8.
People Management

• Develop talent within the team by providing consistent direction and support to achieve stretch targets and take leadership positions
• Retain and engage the talent employed and build a collaborative and high performance team
• Enhance team productivity through skills development through coaching and training
• Ensure objective periodic administration of the performance appraisal process followed by monitoring of feedback implementation for the team

Job Details

Employment Types:

Full time

Industry:

Retailing

Function:

Retail Chains

Roles:

Buyer / Sourcing Manager

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