Senior Buyer - Home Appliance

Job Description

Title: Senior Buyer - Home Appliance

Company Name: A Reputed Retail Company

Vacancy: Not specific

Job Location: Dhaka

Employment Status: Full-time

Educational Requirements:
∎ Masters degree in any discipline in Supply Chain Management

Experience Requirements:
∎ 3 to 7 year(s)
∎ The applicants should have experience in the following area(s): supply chain management
∎ The applicants should have experience in the following business area(s): Electronic Equipment/Home Appliances, Furniture, Furniture Manufacturer, Retail Store

Job Responsibilities:
∎ 1. Procurement/ Buying
∎ • Determine and fix genuine procurement costs for all required products and categories.
∎ • Manage Negotiations of quantity, price, delivery timelines and terms of contract with vendors.
∎ • Manage procurement process i.e., Finalize order, prepare PO (With the help of junior team members), finalize dispatch dates with vendors, etc. Ensure that all vendors working with the company are up to the mark. If you find certain vendors lacking, then arrange for replacement.
∎ • Maintain the required records properly. E.g., Price list, PO, etc.
∎ • Closely monitor stock levels and order procurement quantities accordingly.
∎ • Build and maintain healthy relationships with vendors.
∎ • Research and find the best locations and vendors to procure various products to reduce company costs.
∎ • Monitor supplier performance, address any issues, and strive to enhance the vendor network to align with the company's strategic goals.
∎ 2. Vendor Development
∎ • Identifying and building relationships with potential domestic & international suppliers/ manufacturers. Assess capabilities and establish policies to maintain quality standards with the supplier/ manufacturers.
∎ • Collaborate with suppliers to ensure timely production, manage orders, and maintain inventory levels.
∎ 3. Sales
∎ • Monitor and control product costing, promotion offers, etc. as per sales trend.
∎ • Supervise current sales, analyze changing market trends & sales of the previous season to forecast future sales.
∎ • Take regular reports of customer feedback & the reasons for returns and analyze the same.
∎ • Understand the reason of our slow movers and work out a solution for the same.
∎ • Monitor all the sales records for forecasting future sales for every product category and plan for further procurement accordingly.
∎ 4. Price Management & Profitability
∎ • Regularly monitor and control product costing. Do analysis and take action if any product costing is not reasonable.
∎ • Analyze the effect of product pricing on business profitability i.e., operating profits and take necessary actions accordingly.
∎ • Analyze competitors' pricing, make comparison reports, and take corrective actions.
∎ • Regularly suggest updating of pricing, offers, promotions, etc. on the website, in coordination with website development team
∎ 5. SOP and Compliance Implementation
∎ • Ensure SOP implementation and time to time upgradation for your department.
∎ • Ensure now SOP processes are implemented smoothly.
∎ • Ensure all government compliance are followed.
∎ 6. Product Development
∎ • Analyze market trends, demand patterns, and competitor offerings to make informed purchasing decisions.
∎ • Working closely with cross-functional teams, to drive product development, oversee product testing, and ensure products meet customer expectations.
∎ 7. General Task
∎ • Expected to work efficiently in MIS creation and Data Analysis.
∎ • Real time analysis of the inventory movement (FSN analysis).
∎ • Effectively maintain cross functional coordination to improve quality, innovation, and collaboration.
∎ Note: Above job description is subject to change as per management's discretion

Additional Requirements:
∎ Age 25 to 40 years
∎ Leadership
∎ Strategic planning
∎ Business Administration
∎ Proactive approach
∎ Decision Making skills.
∎ Positive attitude
∎ Problem Solving skills.
∎ Risk Mitigation
∎ Data Analysis
∎ MIS
∎ Time Management
∎ Presentation skills
∎ Forecasting
∎ Research
∎ Multi-tasking
∎ Deadline-oriented
∎ Innovative Thinking

Salary: Negotiable

Job Source: Bdjobs.com Online Job Posting.

Application Deadline: 3 Nov 2023

Company Information:
∎ 9 Oct 2023
∎ A Reputed Retail Company

Category: Commercial/Supply Chain

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