Purchasing Executive Full Time NEW

To be responsible for managing vendor partnerships, driving category profitability, and ensuring efficient stock flow.

To work with the Planner and Merchandiser to balance assortment planning, sales performance, and inventory control.

Roles & ResponsibilitiesBuying Plan

• Plan buying activities based on brand positioning, emerging trends, customer needs, and competitor activity (in discussion with the Merchandiser/GM).
• Finalize the assortment mix by category, ensuring a balance between core, seasonal, and trending products.
• Approve and oversee buying budgets aligned with the Open-to-Buy (OTB) plan.

Vendor Management

• Source, evaluate, and onboard suppliers/brands for the retail chain.
• Negotiate pricing, margins, credit terms, and promotional support.
• Maintain strong supplier relationships to secure best-in-class deals.
• Resolve supply chain and quality issues promptly.

Stock Management

• Monitor inventory levels and optimize stock, sell-through, and stock turns across all stores.
• Drive actions to reduce aged inventory (>90 / 120 / 180 days) through markdowns, promotions, bundles, and pricing strategies.
• Ensure healthy GMROI and category profitability.

Cross-Functional Collaboration

• Work with Store Managers and Merchandisers on Visual Merchandising (VM) and product displays.
• Collaborate with the Warehouse In-charge on inventory and order management to minimize overstocking and stockouts.
• Analyze sales data, market trends, and seasonal demand to forecast product needs accurately, with support from the Merchandiser.
• Collaborate with the marketing team to plan product launches and promotions.
• Prepare regular reports on key performance indicators (KPIs) such as inventory turnover, sales performance, vendor performance, and purchasing costs.

Review Reports

• Report category-wise sales, margin, and GMROI performance against targets.
• Review weekly and monthly sales performance by store and category in relation to the buying plan.
• Share insights on customer buying behavior, market trends, and vendor performance.

Requirements

• Minimum qualification: Graduate/Diploma in NIFT or other Retail/B2C-related fields.
• 3–5 years of buying/procurement experience in retail (multi-brand or category retail preferred).
• Strong vendor negotiation and interpersonal skills.
• Deep knowledge of pricing strategies, inventory optimization, and margin management.
• Proven ability to balance creativity (trend spotting) with analytical skills (financial planning).
• Hands-on experience with MS Excel/Google Sheets; familiarity with retail ERP systems is a plus.
• Strong leadership skills to work with planners and coordinate across functions.
• Entrepreneurial mindset with the ability to thrive in a fast-paced startup environment.