Manager - Buying

Marks and Spencer Reliance India Private Limited; Gurugram District; On-site; INR 600,000 - 1,000,000; Full time

Job summary

A leading retail company is seeking a professional for a Buying role in Gurugram. The ideal candidate will be responsible for planning and managing product ranges to align with business objectives. Key responsibilities include optimizing product selection, analyzing market trends, and supporting various teams with product knowledge. This position requires a strong commercial acumen and a keen eye for market trends to drive sales and maximize profitability.

Qualifications

• Strong commercial acumen and eye for market trends.
• Experience in product selection and management.
• Ability to analyze trends and data for buying decisions.

Responsibilities

• Plan, select, and manage product ranges according to business objectives.
• Ensure optimal width and depth of product range.
• Deliver sales, margin, stock cover, and availability targets.
• Deliver sales, intake margin, stock cover and availability targets.
• Balance core and fashion offerings and manage lifecycle including launches and markdowns.
• Work with historical data to generate analysis that supports buying decisions.

Skills

Commercial acumen

Market trend analysis

Product lifecycle management

Data analysis

Job description

The Buying role will be responsible for planning, selecting, and managing product ranges that align with the business objectives. The role requires a strong commercial acumen and an eye for market trends to deliver a compelling product offering that drives sales, maximizes profitability, and meets customer expectations

Key Deliverables (Essential Functions & Responsibilities of the Job)

• Ensure Optimal Width and depth of Product Range across Categories, sizes, Price Points etc.
• Product selection from Marks and Spencer global catalogue that captures trend, volume and key drivers.
• Local product development to address local requirements & gaps in the offer.
• Deliver Sales, Intake Margin, Stock Cover and Availability Targets.
• Balance and maintain Core and Fashion offering.
• Manage lifecycle of Products including in-season actions: Timely Launch, Store Allocation Plan, Sell Thru, Markdown and Phase out.
• Work with Historical data, Trends and season learnings to be able to generate analysis that supports Buying decisions.
• Identify assortment Gaps and New opportunities. Track Consumer Trend, Market Shifts and Pricing Changes.
• Work closely with Merchandising, Supply Chain, Planning, Visual Merchandising and all Trading Channels.
• Support Store/ Digital and L&D team with Product Knowledge and Launch Plan.
• Prepare and analyse Reports for Business Reviews and provide actionable Insights.
• Implementing and utilizing new systems and process