05 Nov
|
home centre
|
Bengaluru
05 Nov
home centre
Bengaluru
Key Job Responsibilities
Buying Budget and Planning
- Manage the complete order cycle, including the item finalization to pricing, packing and delivery to store as per the buying calendar
- Analyze category and product performance and take timely actions to improve sales, sell thrus & margins.
- 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 department/category manager
- 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
Category Merchandise & Product Development
- Lead the product design and engineering, develop products and ranges for offline and online business.
- Drive customer focused merchandise plans (pricing, promotion, assortment etc.) for the department to achieve sales and market share growth, and freeze associated plan with Merchandise Planning department
- Conduct market research, make store visits, participate in trade shows and fairs to identify the emerging trends
- Study trends from historical data around product category sales and market research to assist in the overall planning process
- Ensure adherence to financial plan in all key areas - sales, markdowns, margin & average inventory
Category Design and Quality
- Ensure optimum utilization of customer and market research information to guide department decisions on the introduction of recent products, product assortment, shelf layout, promotion and pricing of products in the store
- Work with Quality to ensure that the merchandise procured and received meets the quality standards set by Home Centre
- Ensure Prodct design and functionality meets the market and quality standards respectively.
Vendor Management
- Drive strategic sourcing, scout new vendors & Develop an adequate vendor base for product sourcing.
- Build and maintain long-term relationships with local & international 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 literature regarding potential products and vendor capabilities and confer with end users
- Identify, evaluate and select appropriate vendor mix to achieve business objectives
Order management
- Place orders 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 center and ensure smooth flow of goods
- Follow the reverse logistics guidelines to send the faulty / damaged goods back to the vendor
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/category Manager from time to time to assess realignment of existing processes
- Map competition prices / products and provide qualitative inputs to the business
- Gather information from Industry trade groups or through trade shows/market visits
People / Team Management
- Assign responsibilities and set expectations
- Give regular feedback to team
- Provide support and guide the team to deliver on the job
📌 Buying Manager Decor (Bengaluru)
🏢 home centre
📍 Bengaluru