Buyers and Assistant Buyers - Furniture , Box

Buyer – Furniture

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 Research:
  Keep abreast of the latest trends in buying and assess realign the existing processes.
• Identify and leverage alternate buying opportunities to source products and ensure the company maintains its competitive edge by constant renegotiation.
• Effective communication, collation and follow-up on various product requirements and findings obtained from sales/store data.
• Gather information from industry trade groups or through trade shows/market visits.
• Develop an adequate vendor base for the company through attending Fair & Exhibitions.
• 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.
• Identify, evaluate and select appropriate vendor mix to achieve business objectives.
• Place orders for new items and initiate repeat orders based on the buying plan and ensure merchandise is delivered as per the plan based on the agreed SLA.
• Monitor sales and movements of new launched products and suggest merchandise planners to initiate re-orders or to de-list the range if it is not moving.
• Implement financial and credit services agreement with the vendor that maximizes profit and positively contributes to cash flow.
• Market & competition study:
  Study categories and suggest new product ranges.

• Must have 4-5 years (Assistant Buyer) and 8-10 years (Buyer) 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 countries.
• Attention to details on product specifications.
• Planning and organizing skills.
• Strong analytical skills.
• Commercial business acumen.
• Market research & competition study.

• Mid-Senior level

• Full-time

• Product Management, Strategy/Planning, and Purchasing