Assistant Buyer

Job Description

Position Title : Assistant Buyer
POSITION OBJECTIVE
To maximize sales by sourcing the right product at the right time at the right price. To maximize the margin on the product by pricing the product as per the concept guidelines and monitoring price revisions. To allocate the right stock of territories and ensure allocation of right quantity to the store. To prepare the buying plan and to match the inflow of the stock in line with the budgeted inflow and to incorporate new ideas and new ranges into concept.
Key Responsibilities
1.Planning of Buying Calendars & Events
. Understand the Buying Calendar and the process of planning for a season. Understand the various
. suppliers and to learn about all buying fairs.
. To assist in planning the buying calendar in line with Inflow Pattern and the Event Calendar of the Stores.
. To monitor the order status and inventory levels on regular basis and to take proactive action for any supplier / category / range / product based on actual inflow and sales pattern.
. To review the distribution of orders on all times and based on the sales rate and the budgets –
. revise distribution wherever required.
. To monitor the Budget Order Order GRN Inflow pattern Reports on weekly basis and ensure
discrepancies are reported promptly to Finance.
2.Margin Achievement
. To understand the mechanism of margin / pricing / markup and costing relevant for each supplier and
. each territory in the department handled.
. To assist the Buyer in fixing the Retail Selling Price in line with the Concept Overall Margin Target and
. the specific target for each territory.
. To review the pricing as generated from the Pricing Module and do the necessary currency correction
. based on the local currency of each territory.
3.Sales Achievement
. Understanding the sales pattern of each store / territory and influencing the increase of sales in each store / territory.
. Participate in the review of the Sales Projection along with the Buyer Retail, Finance Team.
. Review the performance of a product / category / range / supplier / department on periodic basis and to monitor stock levels.
. Monitor the reorders based on the sales and revise / optimize allocation accordingly.
4.Product Review, Design & Development
. To understand the department, group, sub-group, category / range used in the company and the
. principle behind the classification of the products in these.
. To understand the design element and the signature of the product in the department and to know the taste of the customer.
. To review samples in line with the guideline within 3 days of receipt and to maintain list of all catalogues / photographs
. To maintain the data base of the images of products on the server as per the correct protocol.

Job Details

Employment Types:

Full time

Industry:

Retailing

Function:

Retail Chains

Roles:

Buyer / Sourcing Manager

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