Job Description
Key Responsibilities:Procurement & Sourcing:Manage the end-to-end procurement process for both food and non-food categories.Identify and source new products based on market trends and customer preferences.Negotiate favorable terms and pricing with suppliers to ensure competitive pricing.Vendor & Supplier Management:Establish and maintain strong relationships with local and international suppliers.Monitor supplier performance to ensure compliance with quality, delivery schedules, and contractual agreements.Conduct regular reviews with suppliers to ensure product availability and resolve issues.Category & Inventory Management:Develop and implement category plans for food and non-food products, aligning with business goals and market trends.Optimize stock levels through effective demand forecasting, ordering, and stock replenishment strategies.Analyze product performance, adjust buying strategies accordingly, and manage stock turn to avoid overstock or shortages.Market & Trend Analysis:Conduct market research to stay updated with current trends in both food and non-food sectors.Assess competitor activity to inform pricing strategies and identify opportunities for new product introductions.Work with the marketing and merchandising teams to develop promotions, pricing strategies, and in-store displays.Cost & Budget Management:Ensure budget adherence while managing cost efficiency in product procurement.Maximize profit margins by evaluating product cost and optimizing procurement costs through strategic buying.Manage pricing strategies for the supermarket’s competitive edge.Cross-Functional Collaboration:Collaborate with the merchandising, operations, and finance teams to drive effective category management.Work with logistics teams to ensure smooth inbound deliveries and stock distribution across stores.
