Team and Role Introduction
We are seeking a motivated and experienced Category Buyer to join our retail FMCG team. The Category Buyer will be responsible for managing and onboarding suppliers primarily driving sourcing, procurement, and strategic planning for a specific product category. This role involves collaborating with suppliers, analyzing market trends, negotiating contracts, and ensuring that the company's procurement objectives are met.
Key Tasks & Responsibilities:
- Develop and execute comprehensive procurement strategies for the assigned product category, aligning with the company's overall procurement goals and objectives.
- Identify potential suppliers, evaluate their capabilities, negotiate contracts, and establish partnerships that provide competitive advantages in terms of pricing, quality, and deliveries.
- Monitor market trends, industry developments, and supplier performance to proactively adjust sourcing strategies as needed.
- Analyze product demand, sales data, and inventory levels to ensure optimal stock levels within the category, avoiding overstock or stock outs.
- Collaborate with cross-functional teams, including sales, marketing, and operations, to align category strategies with overall business objectives.
- Conduct regular supplier performance reviews, addressing any issues or concerns promptly to maintain a healthy supplier relationship.
- Lead negotiation efforts to secure favorable terms and conditions for contracts, ensuring the best possible value for the company.
- Stay informed about regulatory changes and compliance requirements related to the assigned category, ensuring all sourcing activities adhere to legal and ethical standards.
- Drive continuous improvement initiatives within the procurement process, identifying areas for cost savings, efficiency improvements, and risk mitigation.
- Prepare and present regular reports on category performance, sourcing metrics, and cost analysis to relevant stakeholders. Job Requirements Qualifications & Skills
- Bachelor's degree in Business, Supply Chain Management, Procurement, or a related field.
- Proven experience as a Category Buyer or in a similar procurement role, with a demonstrated track record of successfully managing procurement strategies and supplier relationships.
- Strong analytical skills with the ability to interpret data, trends, and market insights to make informed decisions.
- Excellent negotiation and communication skills, both written and verbal.
- Proficiency in procurement software, ERP systems, and Microsoft Office Suite.
- Detail-oriented, organized, and capable of managing multiple priorities in a fast-paced environment.
- Strong understanding of supply chain dynamics, market trends, and industry best practices.
- Problem-solving mindset with the ability to think creatively to address procurement challenges.
- Demonstrated ability to work collaboratively in cross-functional teams.
- Knowledge of ethical sourcing practices and compliance regulations within the assigned category.
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