Responsible for sourcing products and managing vendors (local and foreign), develop profitable and quality complying suppliers. Managing diverse team of buyers and analysts.
General Responsibilities:
- Defining buying cycle and forecasting market trends in concerned categories for the successive years
- Identifying, Preparing and planning for each buying season
- Analyzing consumer behavior and recommending change in strategies accordingly
- Developing Planograms and display strategies and ensuring implementation
- Planning for risk mitigation and quality assurance for each lot
- Item and Vendor Selection
- Developing procedures for vendor evaluation
- Determine regional distribution of itemsβ quantities
- Tracking and reporting key functional metrics to reduce expenses and improve effectiveness
- Vendor portfolio management: Cost and trade terms negotiation
- Planning for transit times for each location
- Perform cost and scenario analysis, and benchmarking
- Present monthly financials and progress to Management
- Regularly reviewing performance indicators, such as sales and discount levels;
- Managing plans for stock levels
Knowledge & Skills
- Proven working experience as purchasing manager or sourcing agent
- Familiarity with sourcing and vendor management
- Acute knowledge of developments in market with regards to product and trends
- Knowledge of urban buying trends and preferences (both Karachi and Punjab)
- Exposure of attending international trade fares and expos
- A knack for negotiation and networking
- Ability to gather and analyze data and to process numbers
- Strong leadership capabilities
- Demonstrated understanding of seasonal preferences, competitors, health and any other risks with regards to products, quality standard
Qualification
Minimum graduation, preferably in supply chain or logistics, from a reputable institute.
Experience
Minimum 10 years' experience in buying or distribution of plastic ware, kitchen & cook ware, decoration items, crockery, home appliances, gifts, preferably with a renowned modern retail trade brand.