Location: capetown Level: Management Salary: Negotiable Posted: June 20, 2024 Ref: #6152DescriptionA unique opportunity with a world-leading luxury African Brand (ceramics/fashion/homeware) based in the Midlands in Natal. Mostly remote working. A Homeware Buying background preferred but Apparel Buying background will also be considered. To secure this position, you require the following:ResponsibilitiesOverall management of product development to ensure the development, implementation and management of the product plans to maximize sales and profits.Market Research.Acquire market intelligence through various sources, and analyse trends to determine anUse analysis to identify the right product type, quality, style and colours.Prepare annual plans for each product category, in line with financial objectives – in terms of sales, margins and stock holding.This will include new product/category launches and newness in existing categories.Utilise historic and market data to inform the planning process.Ensure product plans are also aligned with the marketing and event calendar.Reviewing existing products and sales performance and making necessary adjustments.Product Buying experience.Identify the right product type, style, colours, quality – selecting products appropriate for the application of designs.Develop all specifications of the product features, functions, packaging and resource requirements.Develop a Design and Development plan in consultation with the Design Team – considering how to apply a spin on the product without diverting from the initial concept that the market needs, considering whether there are any existing and successful designs that could be adapted to fit it the concept before asking for new design work.Product Sourcing and Supplier Management.Create an adequate vendor base to mitigate risks and ensure optimum quality.Maintain relationships with key vendors who are critical for the long term success of the business.Communicate annual product plans and requirements – including drops, quantities, lead times and replenishments.Negotiate MOQ's, pricing, specific merchandise requirements, terms and service level contracts.Pursue cost reduction measures through bulk buying and/ or selecting appropriate vendor mix, scanning the environment for benchmarks and constantly improving the purchase process.RequirementsQualifications: Degree in Business or related field.Experience: 8 - 10 years relevant experience of which at least 6 – 8 years should have been in Retail Buying Industry.Additional: • Good knowledge of Buying principles and processes.• Advanced knowledge of Retail Industry and luxury Retail Brands.• Advanced presentation skills (creative).• Strategic thinking.• Result orientation.• Teamwork and collaboration.• Communication skills.• Planning and organising skills.• Commitment to excellence.Position located in Cape Town. Forward your CV to Gabi Traut at ****** should you have the required experience or call her on 083 274 5193. Visit our website www.trautpersonnel.co.za for all our positions. Interesting links Here are some interesting links for you! Enjoy your stay :)
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