Manager Retail Buying (225-909)

In the dynamic realm of retail, the Manager of Retail Buying holds a pivotal position, orchestrating the strategic selection and procurement of merchandise to optimize store offerings. This role requires an astute understanding of market trends, customer preferences, and the financial acumen to make decisions that drive profit and competitive advantage. As a Manager of Retail Buying, you will lead a dedicated team of buyers, fostering an environment of collaboration and innovation. Your expertise will be critical in shaping the store's inventory to reflect and exceed the expectations of a diverse customer base, ensuring the right products at the right time. Your strategic vision and operational excellence will contribute significantly to enhancing the brand image and achieving business objectives in a highly competitive retail market.

Responsibilities

• Develop and implement buying strategies that align with organizational goals and market needs.
• Analyze consumer buying patterns and predict future trends for optimal inventory planning.
• Negotiate contracts and agreements with suppliers to secure favorable terms and conditions.
• Lead, mentor, and manage a team of retail buyers to achieve departmental objectives.
• Assess and manage the budget for purchasing and monitor expenditure against business goals.
• Evaluate supplier performance and maintain strong relationships for efficient procurement processes.
• Collaborate with merchandisers to ensure cohesive brand representation and product consistency.
• Oversee stock management, including the reduction of excess inventory and stock shortages.
• Conduct market research to identify emerging opportunities and assess competition strategies.
• Prepare detailed reports on buying metrics and present findings to senior management.
• Ensure compliance with relevant legal and ethical standards in all purchasing activities.
• Implement systems to streamline processes and improve buying team's operational efficiency.

Requirements

• Bachelor's degree in Business Administration, Retail Management, or a related field.
• Minimum of five years of experience in retail buying or related purchasing roles.
• Strong analytical skills and experience in data-driven decision making.
• Excellent negotiation skills with a proven track record of successful supplier deals.
• Ability to lead and motivate a team towards achieving strategic goals.
• Proficiency in inventory management software and other relevant digital tools.
• Strong communication and interpersonal skills with a customer-centric focus.