Assistant Buyer _Furniture
At a Glance
- Category
- 🚢 Logistics & Supply Chain
- Level
- Mid-Level
- Experience
- 3-4 years
- Type
- Full-time
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Assistant Buyer - Furniture
Develop strategic buying plans for the assigned department/category. 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
Vendor & Product Research, Trend Analysis
Keep abreast of the latest trends in buying and assess realign the existing processes
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
Gather information from Industry trade groups or through trade shows/market visits
Vendor Management
Develop an adequate vendor base for the company through attending Fair & Exhibitions
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 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 for the new items and initiate repeat orders for the categories he is responsible based on the buying plan and ensure merchandise is delivered as per the plan based on the agreed service level agreement.
Monitor sales and movements of the new launched products and suggest merchandise planners to initiate re-orders or to de-list the range if it is not moving
Implement financial and credit services agreement with the vendor that maximize profit and positively contribute to cash flow.
Market & Competition study
Market & competition study in categories he is responsible and suggests new product ranges accordingly
Qualifications
NIFT or similar design school graduate, 3-4years of product development and Retail sourcing experience into Furniture.
Requirements
- •NIFT or similar design school graduate
- •3-4 years of product development experience
- •Retail sourcing experience specifically in Furniture
Responsibilities
- •Develop strategic buying plans for assigned departments/categories
- •Identify, evaluate, and select vendors in compliance with contract principles
- •Conduct product research and trend analysis to maintain competitive edge
- •Negotiate deals with vendors and maintain strong supplier relationships
- •Attend trade shows, fairs, and exhibitions to build vendor base
- •Place and monitor orders for new and repeat items based on buying plans
- •Monitor sales movements and suggest re-orders or de-listing of products
- •Implement financial and credit services agreements to maximize profit
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Landmark Group is a major retail and hospitality conglomerate in the Middle East, Africa, and India. It operates numerous well-known retail brands and businesses.