Product Category: Beds, mattress, Bed sides, Bed units, Sofas, Entertainment units etc.
Key Responsibilities:
- Buying Budget and Planning: Determine strategies to develop the category, identifying opportunities for growth. Manage the category budget with Planning team, with the objective of maximizing sales and profits.
- Product Research: Keep abreast of the latest trends through market visits and trade shows. Gather insights from data and store feedback for informed buying decisions.
- Product Development and Strategy: Lead all design and development activities to ensure they are in line with market demands and brand positioning. Define the range and influence in-store VM and marketing communication.
- Strategic Sourcing: Initiate cost reduction measures through centralized buying and selecting the appropriate vendor mix. Build strong, long-term relationships with key vendors globally and ensure best cost prices and quality.
- Order Management: Collaborate with the buyers/coordinators, shipping, warehousing and planning team on demand estimation, order placement, adequate newness, reordering of core lines, and supplier follow up.
- Performance Analysis: Review of product sales periodically to ensure profit maximization. Analyze weekly performance at the category and business unit level and take in-season action to optimize sales.
- Quality Control: Ensure all procured merchandise meets the highest quality standards set.
- People Management: Develop talent within the team by providing consistent direction and support. Build a collaborative and high-performance team culture.
Qualifications:
- Post-Graduation degree/MBA preferred.
- Minimum 10+ years of total experience with 5+ years in a senior buying role.
Required Skills:
- Strong negotiation and relationship management skills.
- Proven financial and business acumen, with full integrity.
- Leadership, people management and stakeholder management.
