Retail Buyer

5 days ago

Johannesburg, South Africa HR Genie Full time

Our Client is looking for a Retail buyer to join their team.

Responsibilties:

- Designing and generating weekly and monthly statistical forecast reports
- Continuously improving forecasting techniques, method, and approach
- Relating and measuring the impact of forecast accuracy
- Conduct current and future forecasting analysis, insuring forecasting processes and methods are followed.
- Assemble and analyze all data pertinent to creating the sales forecast (historical sales, market trends, seasonality and promotions).
- Sales performance of all Company Owned retail stores (Color Café Levy & EPM, and Outlet Store)
- Buying assortment Analysis and range planning
- Newness, Promotions and Novelties Management
- Discontinuation and SKU rationalization Management
- Margin, Pricing, Currency and Gross Profit percentage Management
- Development of Buying Plan
- Stock Inputs, receipts and forecast management
- Stock turns target achievement
- Stock cover
- Redundancy Management
- Establish and utilize best methods (statistical models and software tools) in creating forecasts and respective inventory targets.
- Make recommended adjustments to forecast and inventory targets based on changes in demand and market trends.
- Lead forecast and inventory planning meetings with General Manager reviewing recommended sales forecasts and inventory goals (emphasis on brand transitions, new
- product introduction, and promotions).
- Prepare, report, and communicate forecast and inventory measurements to management(forecast accuracy, inventory plan vs. targets).
- Monitor SKU levels and recommend SKU rationalization initiatives in the future
- Ensure attainment of financial goals for sales, inventory, maximizing profitability while giving customers best value options in the relevant categories
- Development of supplier base to support merchandise strategy
- Negotiation with supplier in terms of cost of product, payment terms, quality, packaging and deliveries
- Maintain good supplier relationships
- Monitor competition to ensure best merchandise offering and pricing
- Development of seasonal offerings and merchandise programmes
- Understand current trends and opportunities and use this knowledge to develop the categories
- Update master file with all relevant product information as well as product copy
- Liaise with warehouse teams to ensure products are received and quality controlled
- Liaise with digital and IT team to ensure product information is loaded onto the backend
- Drive product results through merchandise management including product promotions, upsell & cross sell opportunities, online and print presentations, marketing and search.
- Regularly review and analyze supplier/category/product results, communicating findings to management & recommending reloads, template revisions, merchandising standards, product additions and price changes
- Consistently driving high levels of operational excellence across the stores
- To promote a customer care approach within the retail business, investigating complaints or issues of poor customer care, both timely and efficiently.
- To take responsibility for personal and professional development.
- To develop, implement, review and monitoring the retail operating plan and budget.
- To ensure all stores are efficiently and effectively managed, visiting them regularly, and monitoring their compliance with policy, procedure and standards.

Key Skills:

- Team Player
- Excellent interpersonal skills
- High attention to detail
- Excellent relationship building skills
- Self-motivated
- High initiative
- Leadership skills
- Motivational
- Problem solving skills
- Assertive
- High energy levels
- Proactive

Qualifications:

- Related Diploma or Degree
- Minimum 7 to 8 years retail experience.
- With a minimum of 3 years in leading & managing retail sales teams
- Luxury brand experience
- Product Management
- Must be aware of promotion and act proactively in terms of stock control
- Familiar with merchandising guidelines
- Strong commercial acumen combined with good marketing skills.
- Role requires frequent domestic and occasional international travel
- Multinational experience
- Experience gained within a matrix management reporting structure
- MS Office
- Typically, role follows normal working hours, however, at times there will be requirements to work on week-ends.
- Accordingly, a flexible approach is required.

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