Lead Buyer

Urgent

Job Description

Job Summary

The Lead retail buyer is responsible for purchasing merchandise and goods for a retail company. Their role is to identify trends, negotiate with suppliers, and maintain inventory levels to maximize sales and profitability.

Key Responsibilities

  • Develop and implement procurement strategies: He/She is responsible for developing and implementing procurement strategies to ensure that the company’s products are procured at the best possible price, quality, and delivery terms.
  • Build relationships with suppliers: He/She must build strong relationships with suppliers to ensure that the company has access to the best products and services. They also negotiate contracts with suppliers and monitor their performance to ensure that they are meeting the company’s needs.
  • Analyze market trends and Forecast demand: He/She must keep abreast of market trends and demand to ensure that the company’s product offerings are aligned with customer needs and preferences.
  • Analyzing sales data: The senior retail buyer is responsible for analyzing sales data to identify trends and make informed purchasing decisions. This includes analyzing sales reports, inventory reports, and other relevant data to determine which products are selling well and which are not.
  • Manage inventory levels: He/She is responsible for managing inventory levels to ensure that the company has the right products in the right quantities at the right time.
  • Collaborate with cross-functional teams: He/She must collaborate with cross-functional teams, including merchandising, marketing, and sales teams, to ensure that the company’s procurement strategies are aligned with its overall business goals.
  • Conduct product research: He/She must conduct product research to identify new products and suppliers that could benefit the company’s retail operations.
  • Ensure compliance with regulations: He/She must ensure that the company’s procurement practices comply with relevant regulations and standards.

Qualifications:

  • Bachelor’s degree in supply chain/procurement, economics, or a related field.
  • A professional certificate is an added advantage
  • Minimum of 3 years of experience in retail buying.
  • Strong analytical and problem-solving skills.
  • Strong communication, negotiation, and analytical skills
  • Ability to work collaboratively with a team and across departments.
  • Strong attention to detail and ability to multitask.
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