• Expertise in vendor negotiation, cost management, and contract administration.
• Strong understanding of inventory management and demand forecasting.
• Successful execution of promotions leading to increased foot traffic and sales.
• Cross-functional collaboration with marketing, logistics, and store teams to ensure seamless operations.
• Monitor and maintain appropriate inventory levels by analyzing demand patterns, sales forecasts, and historical sales data.
• Adjust inventory levels as needed to ensure optimal stock availability and avoid overstocking or stockouts.
• Collaborate closely with production and procurement teams to ensure the timely availability of products, aligning stock levels with demand forecasts.
• Provide feedback and adjustments to production schedules based on current inventory needs and sales projections.
• Plan and execute strategies for efficient ordering, ensuring that customer orders are processed in a timely manner.
• Work with internal teams to streamline order fulfillment, minimizing delays and optimizing customer satisfaction.
• Ensure product availability at registered stores or retail locations by regularly monitoring stock levels and coordinating replenishment efforts.
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• Work with logistics and distribution teams to ensure smooth product delivery to all stores in a timely manner.
Key Responsibilities:
1. Vendor Management & Contract Negotiations:
o Lead and negotiate contracts with vendors to secure favorable terms, pricing, and service levels, ensuring cost-effective procurement.
o Establish and maintain strong relationships with suppliers to support strategic sourcing and procurement goals.
2. Approval of Purchase Orders:
o Review and approve purchase orders within assigned categories, ensuring compliance with budget constraints and organizational requirements.
o Oversee the purchasing process to ensure timely and accurate order fulfillment.
3. Product Availability in Stores:
o Ensure consistent availability of all products across stores by monitoring inventory levels and working closely with procurement and logistics teams.
o Collaborate with store managers to align product availability with demand forecasts and customer preferences.
4. Promotional Activity Design & Execution:
o Design and implement promotional activities aimed at increasing customer footfall and driving sales at retail locations.
o Monitor the success of promotional campaigns and adjust strategies as needed to achieve optimal customer engagement and sales outcomes.
Efficient management of accounts payable processes, ensuring timely payments and fostering positive vendor relationships.