Assistant Buyer
BLACK FORTUNE TRADING (BR OF BLACK FORTUNE INVESTMENTS L.L.C)Key Responsibilities
- Assist the Buyer in researching and selecting from home and abroad, the best quality merchandise suppliers have to offer at the best price to maximize sales and profit margins.
- In conjunction with the Buyer, control the selection of merchandise for the Sales within the agreed markdown and to reach the agreed stock level.
- Analyze weekly sales and action all necessary transfers, reorders, and stock swaps.
- Enter the orders onto the system once the buyers return from buying trips and ensure minimum discrepancies.
- Pay regular visits to the warehouse to resolve any shipment discrepancies and delays, and liaise with the suppliers in case of any variance/damage to prompt immediate corrective action.
- Coordinate with sales personnel to make certain range meets customer demand.
- Assist buyer to foster strong relationships with suppliers and negotiate favorable contracts and terms.
- Assist buyer to prepare purchase order, to get any training & marketing materials from the brand, and the extent of their involvement in advertising and promotions.
- Place re-orders as applicable in consultation with buyers and communicate relevant information to all relevant parties in planning and supply chain.
- Maintain an accurate database of vendor agreements and forward completed vendor agreements to Merchandise Planning.
- Liaise with marketing to prepare promotional events for the season
- Work with merchandising and logistics teams to ensure timely delivery of goods
- Consolidate buying feedback reports and provide buyers with reports and recommendations per brand portfolio.
Qualifications & Experience
- Bachelor's degree in business administration, or other related fields.
- 3-4 years of proven experience as assistant buyer in a retail environment (Beauty and skin-care).
- Ability to identify priorities and organize and plan activities to ensure proper and timely.
- Ability to handle multiple tasks simultaneously in a fast-paced environment
- Strong grasp of procurement principles and industry best practices.
Application Question(s):
- What is your expected salary?
- What is your notice period?
Work Location: In person
Ordering from suppliersVendor relationship buildingAssortment planningCommunication with suppliersStock transfer coordinationProcurement report preparationCollaboration with salesSales reportingRetail reportingStock orderingSupplier identificationSales analysisStock replenishment planningStock control methodsPurchase order managementResearchManagement information reporting for salesDirect negotiation procurementWarehouse liaisonWorkload prioritisationRetail stock transferStock transfer processingEvent or promotion coordinationRetail product inventory managementExternal supplier coordinationPurchase order creationProcurement supportTask prioritisationNegotiation with contractors and vendorsProcurement processingVendor relationship managementProcurement trackingProcurement experience within the retail industryPurchase order trackingLogistics order managementGlobal sourcingRetail experienceSupplier coordinationStock replenishmentSupplier relationship management (SRM)