Senior Buyer
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Key skills for this role
About the Role
Pharma Medical is looking for a Senior Buyer to oversee procurement strategies for an e-commerce platform. The role involves managing inventory, negotiating with suppliers, analyzing sales performance, and coordinating with marketing and operations teams.
Key Skills for This Role
Responsibilities
- Manage procurement strategy for products and ensure alignment with sales and marketing plans
- Plan purchases based on sales data, market trends, product seasonality, and customer needs
- Analyze sales performance metrics (Sales, Sell through, Margin, Stock coverage, Conversion, Returns) and make data driven purchasing decisions
- Negotiate with suppliers to secure the best prices and terms of supply
- Manage inventory levels in coordination with planning and logistics teams to minimize stockouts or excess inventory
- Monitor product quality and ensure compliance with brand standards and required specifications
- Coordinate with marketing and operations to ensure product readiness for promotions and campaigns
- Manage costs and profitability through improved purchasing terms, reviewing offers, and updating pricing structures
- Prepare regular reports for management on inventory status, purchasing forecasts, financial performance, and improvement plans
- Monitor competitors and pricing, and provide recommendations to enhance competitiveness
- Lead/support the buying team (if applicable) and distribute tasks and review work plans
Requirements
- 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)
Full Job Posting
Role 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.
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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