Associate Consultant at Antal International
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Lead - Sourcing- Women Ethnic Brand (5-8 yrs)
A. Role Objective
- Manage procurement of Finished Products (Outsourced) Fabrics and accessories as per procurement plan from respective vendors
- Drive overall vendor management to ensure long-term relationship building for the benefit of the company
- Drive efficient implementation of procurement strategy of the company and handle all activities related to timely procurement of materials from vendors
B. Key Responsibilities & Accountabilities
- Assist the Head in developing the Procurement strategy aligned to the overall business strategy of the company by making suitable recommendations as needed to ensure the success and compliance of all procurement related activities.
- Ensure implementation of the standard policies, processes and guidelines for various procurement related processes
- Trend analysis and forecasting:
- Getting updated with latest trends and competitor analysis for appropriate season planning - Range Selection and Product development: Worked closely with designers to create an excellent product selection; analysing their complete range and incorporating changes to fit products within the company's preferred price range, while keeping in sync with the latest trends and customer preferences.
- Planning category Mix : Style selection and range development to create most favourable category mix, option mix and size mix, while ensuring optimal capital and inventory management; Product pricing; Extensive merchandise performance analysis Provide inputs to Head- Production & Procurement for formulation of vendor selection criteria parameters for each category in terms of, finished product, fabrics, accessories etc.
- Seasonal merchandise Planning: Planning launch of sale events and handling subsequent replenishment; integrating data from production and inventory to launch the sale events.
- Product wise performance analysis : Periodically reviewing merchandise performance to monitor target achievement
- Taking immediate actions on Fast Moving and slow moving products for higher sell thru ; - Conduct Market and store Visits in order to study latest trends, competitor study and to capture latest trends.
- Responsible for developing an extensive vendor database of designers, identification & selection of prospective vendors, Negotiation & closure on commercials and range development.
- Managing OTB and ensure timely delivery of stocks to stores
D. Role Requirements & Specifications Education Experience
- Fashion Designing/Fashion Management
- 5+ years of experience in Purchasing/buying