Job Description

The senior buyer is responsible for negotiating long-term and short-term transactions with vendors. This position also plans and incorporates strategic purchasing plans company-wide. The senior buyer is also responsible for collecting and gathering data on potential suppliers and carriers. They also disperse information about purchasing and sales to the necessary members of production, purchasing, and sales teams. The senior buyer also negotiates the prices for services and/or products.

Key Accountabilities:
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 merchandise strategy as laid down by the department / category manager
- Help meet the profit targets by ensuring timely procurement of the department / category Merchandise
- Pursue cost reduction measures through centralized bulk buying / selecting appropriate vendor mix, scanning the environment for benchmarks and constantly improving the purchase process
- 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
- 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.
Requirements
- Development of Product collection and ranges with strong product knowledge and design background. Range Development in conjunction with Design
- Assist in overseeing the relevant product categories in Menswear in all aspects of Buying and Merchandising activities on daily basis
- To be the center of expertise of the relevant product category and be able to give guidance to the team
- Supervise Buyers to ensure strategy for merchandise assortment are executed successfully
- Developing merchandise strategy
- 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 center and ensure smooth flow of goods
- Follow the reverse logistics guidelines to send the faulty / damaged goods back to the vendor.