Key Responsibilities:
- Procurement & Sourcing:
- Manage the end-to-end procurement process for both food and non-food categories.
- Identify and source new products based on market trends and customer preferences.
- Negotiate favorable terms and pricing with suppliers to ensure competitive pricing.
- Vendor & Supplier Management:
- Establish and maintain strong relationships with local and international suppliers.
- Monitor supplier performance to ensure compliance with quality, delivery schedules, and contractual agreements.
- Conduct regular reviews with suppliers to ensure product availability and resolve issues.
- Category & Inventory Management:
- Develop and implement category plans for food and non-food products, aligning with business goals and market trends.
- Optimize stock levels through effective demand forecasting, ordering, and stock replenishment strategies.
- Analyze product performance, adjust buying strategies accordingly, and manage stock turn to avoid overstock or shortages.
- Market & Trend Analysis:
- Conduct market research to stay updated with current trends in both food and non-food sectors.
- Assess competitor activity to inform pricing strategies and identify opportunities for new product introductions.
- Work with the marketing and merchandising teams to develop promotions, pricing strategies, and in-store displays.
- Cost & Budget Management:
- Ensure budget adherence while managing cost efficiency in product procurement.
- Maximize profit margins by evaluating product cost and optimizing procurement costs through strategic buying.
- Manage pricing strategies for the supermarket’s competitive edge.
- Cross-Functional Collaboration:
- Collaborate with the merchandising, operations, and finance teams to drive effective category management.
- Work with logistics teams to ensure smooth inbound deliveries and stock distribution across stores.
Skills
Key Qualifications & Experience:
- Bachelor’s degree in Business, Supply Chain Management, or a related field.
- 5-7 years of experience in retail buying/procurement, with specific experience in food and non-food categories.
- Strong knowledge of procurement processes, supplier negotiation, and category management in the supermarket/retail industry.
- Proven ability to manage vendor relationships and negotiate contracts effectively.
- Expertise in demand forecasting, inventory control, and market trend analysis.
- Excellent communication, negotiation, and analytical skills.
- Ability to thrive in a fast-paced, high-volume retail environment.
- Knowledge of retail ERP systems and procurement software.
Skills:
- Procurement & Vendor Management
- Category Strategy & Market Analysis
- Cost Management & Negotiation
- Inventory Management & Stock Replenishment
- Product Sourcing (Food & Non-Food)
- Strong Analytical & Communication Skills
- Cross-functional Collaboration