Responsibilities: Strategic Buying: Develop and execute the strategic buying plan for the e commerce platform, ensuring alignment with overall business objectives.Market Research: Conduct comprehensive market research to identify trends, opportunities, and potential new products. Stay abreast of industry developments and competitor activities.Supplier Management: Cultivate and maintain relationships with suppliers. Negotiate favorable terms, pricing, and conditions. Ensure timely and efficient sourcing processes.Product Selection: Curate a product assortment that meets the needs and preferences of the target audience. Analyze sales data and customer feedback to refine the selection.Inventory Management: Collaborate with the inventory and logistics teams to optimize stock levels, minimize overstock, and prevent stockouts. Monitor and manage inventory turnover.Cost Analysis: Analyze product costs, profitability, and pricing strategies to maximize revenue and margins.Collaboration: Work closely with the marketing, sales, and merchandising teams to align buying strategies with promotional activities, marketing campaigns, and overall sales objectives.Vendor Relationships: Build strong partnerships with vendors, fostering open communication and collaboration for mutual success.Quality Control: Ensure product quality standards are met and maintained consistently. Address and resolve issues related to product quality promptly. Qualifications: Minimum of 5 years of experience in buying, merchandising, or related roles, with a focus on e-commerce.Bachelor's degree in Business, Merchandising, or a related field. Advanced degree or relevant certifications are a plus.In-depth understanding of e-commerce trends, consumer behavior, and the online retail landscape.Strong negotiation and vendor management skills with a proven track record of achieving favorable terms.Proficient in data analysis, using insights to drive buying decisions and optimize product assortments.Ability to thrive in a fast-paced and dynamic e-commerce environment, adapting to changing market conditions.Strategic thinker with a keen eye for market trends, strong negotiation skills, and the ability to contribute to the overall success of the e-commerce platform through effective buying strategies.
