Assistant Buyers - Furniture , Home Box

The job holder will be responsible for developing strategic buying plans to achieve the strategic and financial objectives of Home Box. Also, responsible to ensure smooth buying operations through Product Sourcing, vendor identification, evaluation and selection for Bedroom Department.Vendor and Product ResearchKeep abreast of the latest trends in buying and assess realign the existing processesIdentify and leverage alternate buying opportunities to source products and to ensure that company maintains its competitive edge by constant renegotiationEnsure effective communication, collation and follow-up on various product requirements and findings obtained from the sales/store dataGather information from Industry trade groups or through trade shows/market visitsDevelop an adequate vendor base for the company through attending Fair & ExhibitionsBuild and maintain relationships with vendors and suppliers and negotiate the best deals with them for procuring merchandiseMaintain 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 usersIdentify, evaluate and select appropriate vendor mix to achieve business objectivesOrder ManagementPlace 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 movingImplement financial and credit services agreement with the vendor that maximize profit and positively contribute to cash flowMarket & Competition studyMarket & competition study in categories he is responsible and suggests new product ranges accordinglySkillMust have 4-5years(Assistant Buyer) and 8-10 years(Buyers) of relevant experience from Furniture (Bedroom) buying and preferably from Retail industry.Strong understanding of Costing of key materials.Good knowledge of Furniture sourcing by importing from key countriesAttention to details on product specifications#J-18808-Ljbffr