Senior Buyer
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Key skills for this role
About the Role
A Senior Buyer is responsible for managing and developing procurement policies for an e-commerce platform, aiming to achieve optimal balance between inventory, profitability, product availability, and warehouse readiness.
Key Skills for This Role
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Overview
The Senior Buyer is tasked with overseeing and enhancing procurement strategies for an e-commerce platform to ensure optimal balance between inventory, profitability, product availability, and warehouse readiness.
Performance metrics such as sales, sell-through rates, margins, stock coverage, conversion rates, and returns are analyzed to inform purchasing decisions.
Collaboration with suppliers is essential to secure favorable pricing and terms of delivery, including shipping, guarantees, and return policies.
Responsibilities
include managing inventory levels in coordination with planning and logistics teams to minimize stockouts or excess inventory.
Quality assurance of products is critical to ensure compliance with brand standards and required specifications.
Coordination with marketing and operations teams is necessary to ensure product readiness for promotions and campaigns.
Qualifications
include over 5 years of experience in procurement or retail management within e-commerce or retail sectors.
Strong analytical skills for data analysis and informed purchasing decisions are required, along with a solid understanding of key concepts such as margin, sell-through, inventory turns, forecasting, and SKU management.
Excellent negotiation skills and strong relationships with suppliers are essential.
The ability to work under pressure and manage multiple projects simultaneously is crucial.
Proficiency in analytical tools and Excel at an advanced level is preferred (ERP/BI experience is a plus).
Key Responsibilities
- Managing procurement strategy for products and ensuring alignment with sales and marketing plans.
- Planning purchases based on sales data, market trends, product seasonality, and customer needs.
- Analyzing sales performance metrics (Sales, Sell-through, Margin, Stock coverage, Conversion, Returns) and making data-driven purchasing decisions.
- Negotiating with suppliers to secure the best prices and terms of supply (delivery time, shipping, guarantees, return/exchange policies).
- Managing inventory levels in coordination with planning and logistics teams to minimize stockouts or excess inventory.
- Monitoring product quality and ensuring compliance with brand standards and required specifications.
- Coordinating with marketing and operations to ensure product readiness for promotions and campaigns.
- Managing costs and profitability through improved purchasing terms, reviewing offers, and updating pricing structures.
- Preparing regular reports for management on inventory status, purchasing forecasts, financial performance, and improvement plans.
- Monitoring competitors and pricing, and providing recommendations to enhance competitiveness in the market.
- Leading/supporting the buying team (if applicable) and distributing tasks and reviewing work plans.
Qualifications
- 5+ years of experience in procurement/retail management within e-commerce or retail.
- Strong experience in data analysis and making data-driven purchasing decisions.
- Excellent understanding of concepts: Margin, Sell-through, Inventory turns, Forecasting, SKU management.
- Strong negotiation skills and good relationships with suppliers/partners.
- Ability to work under pressure and manage multiple projects simultaneously.
- Proficiency in analytical tools and Excel at an advanced level (ERP/BI preferred).
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