Retail Buyer

Placements24; Bloemfontein; Hybrid; ZAR 420,000 - 600,000; Full time

Benefits offered by this job

Health insurance

Bonus structure

Employee discount

Professional development

Remote work

Job summary

Placements24 is seeking a strategic Retail Buyer to join our team remotely. You will source merchandise, conduct market research, forecast demand, and negotiate with suppliers to meet brand and financial goals. The role emphasizes inventory management and collaboration with marketing for product launches.

The ideal candidate has a bachelor’s degree and at least five years in retail buying, with strong analytical and negotiation skills, and experience with inventory systems.

Qualifications

• Bachelor's degree in Business, Marketing, Merchandising, or related field
• Minimum of 5 years of experience in retail buying or product sourcing
• Strong analytical and negotiation skills with proven track record
• Understanding of market trends, consumer behavior and retail landscape
• Proficiency in inventory management systems and purchasing software
• Effective communication for remote teamwork

Responsibilities

• Identify and source products and suppliers aligned with market trends and customer preferences
• Analyze sales data and market trends to forecast demand and plan purchasing strategies
• Negotiate pricing, payment terms, and delivery schedules with suppliers
• Manage inventory levels to minimize stockouts and markdowns
• Collaborate with marketing and sales teams for product launches and promotions
• Build and maintain relationships with vendors and stakeholders

Job description

About the Role

Our client is seeking a strategic and analytical Retail Buyer to join their team, working remotely. In this role, you will be responsible for sourcing and purchasing merchandise that meets customer demand and aligns with the company's brand and financial objectives. You will conduct market research, identify trends, negotiate with suppliers, and manage inventory levels to maximize profitability. This is a critical position that requires a keen eye for product, strong negotiation skills, and a deep understanding of the retail market, all managed from a remote workspace.

Key Responsibilities

• Identify and source new products and suppliers that align with market trends and customer preferences.
• Analyze sales data and market trends to forecast demand and plan purchasing strategies.
• Negotiate pricing, payment terms, and delivery schedules with suppliers to achieve cost efficiencies.
• Manage inventory levels to ensure adequate stock availability while minimizing overstock and markdowns.
• Collaborate with marketing and sales teams to develop product launch strategies and promotional plans.
• Build and maintain strong relationships with vendors and key stakeholders.

Requirements

• Bachelor's degree in Business, Marketing, Merchandising, or a related field.
• Minimum of 5 years of experience in retail buying or product sourcing.
• Strong analytical and negotiation skills with a proven track record of successful purchasing.
• Excellent understanding of market trends, consumer behavior, and the retail landscape.
• Proficiency in inventory management systems and purchasing software.
• Effective communication and collaboration skills for remote team interaction.

Benefits

• Competitive annual salary and bonus structure.
• Comprehensive health, dental, and vision insurance.
• Generous employee discount on company products.
• Opportunities for professional development and industry networking.
• A fully remote work environment with a focus on work-life balance.