Fashion Industry Buyer
4 weeks ago
Job Description
Designation: Buyer
Exp: 5-7 years
Salary: Open
Gender: Open
Nationality: Open
- Must be from Fashion background.
- Prefers candidates from same luxury fashion industry.
- Salary is open and can be negotiated.
As a Buying Specialist at Ultiwise Consult, you will be responsible for carrying out buying activities in line with the brand's buying plans.
You will maintain profitable relationships with existing suppliers and monitor adherence to contract terms.
Key Responsibilities:
- Business Strategy:
- Drive seasonal strategies in line with brand positioning to formulate Gross Margin Plan.
- Develop a fine-tuned assortment and investment plan.
- Create sourcing development plan and action critical path to deliver timely.
- Negotiate with new suppliers on product pricing, payment terms, cost of freight, provision of training, and advertising and promotions.
- OTB Planning:
- Manage OTB in tandem with planning counterpart.
- Deliver seasonal business strategy by monitoring and impacting critical path, range building, and product selection.
- Prepare and manage buying calendar.
- Formulate seasonal product focus plan with Marketing and VM to drive key product initiatives.
- Focus on holding current business and building new categories.
- Performance and Operations:
- Analysis and reporting of weekly sales performance at style, range, category, and business unit level against range plan.
- Take in-season action to revise production flows and maximize sales.
- Manage TNA plans.
- Implement buying calendar for timely seasonal analysis and range build.
- Perform regular competitor surveys to identify product gaps, influence lessons learned, and range plans.
- Manage range and product hierarchy and create seasonal phasing plan.
- Responsible for The Look for the season.
- Keep abreast of market trends and awareness of competitor activities.
- Manage product training of staff to ensure up-to-date knowledge.
- Review buying feedback reports and provide recommendations to General Manager.
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