Manager Buying - Premium Beauty Products | Leading Retail Conglomerate

Role & responsibilities

• Develop a comprehensive assortment strategy that aligns with brand identity and luxury standards for beauty products.
• Oversee the selection of a wide range of beauty product offering includes of skincare, makeup, fragrance, and wellness items, ensuring they uphold luxury brand positioning.
• Plan and execute seasonal assortments, taking into account India's regional variations and seasonal preferences.
• Establish and nurture strong relationships with a network of international and domestic vendors, negotiating favorable terms, pricing, and delivery schedules to achieve the best value Order Confirmation Management.
• Stay informed about vendor, trends, innovations, and market conditions, sharing relevant insights with the buying team for strategic decision-making
• Plan, monitor & maintain Ideal stock inventory levels for beauty products, ensuring that stock levels are optimized to meet customer demand while minimizing excess inventory.
• Analyze sell-through rates and stock turnover to make informed decisions regarding replenishments, restocking, and stock clearance.
• Collaborate with the Planning Team to align inventory management practices with merchandise planning and demand forecasting for seasonal variations.
• Work on pricing strategy for exclusive imported brand
• Being a custodian in formulating the Stock & sale plan- Product category wise dispatch plan, Planned Vs actual, Allocation plan for each store as per dispatch plan and size wise analysis
• Regularly evaluate the sales performance of Beauty products, analyzing key metrics such as revenue, units sold, and profit margins to identify trends and opportunities.
• Collect, analyze, and interpret customer feedback, reviews, and comments specific to Beauty products, providing insights into customer satisfaction and areas for improvement. • Assist in the creation of sales forecasts and demand projections for Beauty products, leveraging historical sales data, market insights, and trends to refine sales expectations and support inventory planning.
• Keep abreast of global and Indian fashion trends, attending fashion shows, industry events, new launches and trade exhibitions to gather insights and inspiration for the Beauty category.
• Partner closely with the Visual Merchandising team to ensure that Beauty products are showcased effectively, aligning with brand's visual merchandising guidelines and luxury brand image. • Provide expert input and recommendations on the strategic placement, arrangement, and presentation of Beauty products, including the coordination of window displays, in-store displays, and mannequin styling
• Collaborate seamlessly with cross-functional teams, including Planning Team, Marketing Team, Visual Merchandising Team, Operations Team & HR Team to ensure the successful execution of buying strategies and alignment with overall business objectives.