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JOB_REQUIREMENTS
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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 department/ category manager
• Buying & Planning wil work together on cost reduction measures through centralized bulk buying and/ or selecting appropriate vendor mix, scanning the environment for benchmarks and constantly improving the purchase process
• Ensure effective communication, collation and follow-up on various product requirements and findings obtained from the sales/store data
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 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 centre 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
• Gather information from Industry trade groups or through trade shows/market visits.
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