Minimum Requirements For The Role
- Must have a Degree in Buying/Finance/Retail Management/Consumer Science
- Minimum 3 years buying experience within the retail/FMCG field is essential
- Experience in personal care/homecare/nutrition would be ideal
- Good communication and negotiation skills are important
- Must have a valid drivers license and own reliable transport
- Analysing consumer buying patterns to predict future trends and keeping these trend figures in mind when choosing product ranges.
- Assisting in managing plans to ensure optimal stock levels for the business at all times.
- Liaising with in-store personnel to ensure supply meets demand.
- Placing supplier orders on to the relevant systems, negotiating prices and delivery contracts.
- Ensuring operating and financial plans meet the requirements category balanced product assortment and on-shelf layout objectives.
- Sourcing private label opportunities and procuring a balanced range of merchandise in line with the category strategy.
- Analysing target audiences to determine the type of marketing offers that would be most effective to ensure marketing is in line with consumer trends.
- Assisting in establishing a schedule to cover campaign design, development, production and distribution of marketing material to meet launch dates.
- Assisting in reviewing cost against the original campaign budget and estimating the return on the campaign in terms of increased sales or product awareness.
- Identifying and developing various category pricing and promotion strategies to ensure customer needs are met while remaining competitive in the market.
- Assisting in developing a yearly category operating strategy and ensuring it is in line with company objectives.
- Keeping informed of inventory, expenditures and deliveries of various product ranges and ensuring they are in line with department budgets and objectives.
- Managing the return on inventory.
- Reporting on category plans on a monthly basis, (sales, profit, market shares and stock returns).
- Working merchandising partners and other departments, including the online store, designers and marketing staff to ensure product quantities and displays are optimal.
- Conducting regular supplier reviews.
- Negotiating trading terms and advertising spend.
- Writing reports on relevant products and their sales, quality and feedback.
- Presenting new ranges to Senior Retail Managers on a regular basis.