Assistant Vice President, Buying and Merchandising
Genpact
5 - 10 years
Bengaluru
Posted: 03/09/2024
Job Description
Responsibilities
• Develop and implement data-driven strategies for buying and merchandising aligned with company goals, market trends, and customer preferences within the Retail merchandise business.
• Oversee the execution of buying/merchandising, ensuring adherence to quality standards, brand image, and customer demands while optimizing operational efficiency.
• Utilize data analytics, market trends, and consumer behavior insights to refine buying processes, enhance customer experiences and drive excellence in buying function in the Retail sector.
• Implement technology solutions and systems to transform buying/merchandising, including Assortment planning, Inventory management and category PnL management.
• Collaborate with cross-functional teams such as supply chain, sales, marketing, and operations to align buying with broader business objectives.
• Manage and mentor a team of buying/merchandising professionals, providing guidance, setting performance goals, and fostering a collaborative work environment.
• Conduct in-depth analysis of buying/merchandising metrics, including sales and stock planning, assortment planning based on customer profile, launch new items, brand/supplier performance and development, offer planning and execution, category margin management to drive continuous improvement
• Stay updated on industry trends and monitor competitor activities to make informed decisions about buying within the Retail sector.
• Gather and analyze customer feedback and behavior data from interactions with operations to make data-driven decisions about staying relevant and improve customer experience.
• Ensure optimal inventory levels, minimizing excess or obsolete inventory while maintaining appropriate stock levels for Retail merchandise.
• Establish and maintain relationships with vendors and service providers, negotiating terms, and ensuring timely and cost-effective procurement of buying resources.
• Provide regular reports and analysis on buying function performance, making recommendations for improvements and adjustments as needed.
• Leverage data analysis on Discovering and purchasing new products based on the industry trends and customer need.
• Involve in negotiating prices, quantities, and delivery timescales with the Vendors.
• Manage end to end Buying Operations which includes Item Onboarding & maintenance, Pricing maintenance, Vendor Onboarding etc.
• Evaluate and manage Vendor related issues highlighted from the Buying Operation team.
• Collaborate with Vendor to get information related to Item onboarding for New Launch or Seasonal transitions.
About Company
Genpact is a global professional services firm delivering digital transformation by putting digital and data to work to create competitive advantage.
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