Senior HR Executive at Ergode IT Services
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Ergode.com - Assistant Manager - Vendor Relation (5-10 yrs)
Job Description :
- Establishing and executing product strategy, and identify, on board and partner with vendors to drive business growth.
- Analyse data or insights to determine industry and consumer trends
- Devise long-term development strategies for product categories.
- Develop exit strategies for unsuccessful products.
- Foster trust relationships with vendors to achieve better pricing and quality of services
- Collaborate with buyers and merchandisers to expand product categories
- Assume responsibility of budget development and revenue for category
- Make forecasts for product demand to ensure the sustainability of inventory
- Managing multiple vendors such as developing and evaluating them on certain parameters & Carrying out optimization of vendors
- Closely studying past sales data to determine trends in productivity
- Suggesting adjustments and revisions to promotional strategies to take sales and profitability to the next level.
- Helping new vendors to meet impossibilities and building relationships with them.
- Delivering a world-class customer experience and exceptional sales and margin growth for assigned categories.
- Strategic planning across category for short-term as well as long-term horizons.
- Determining customer market needs, growing selection across sub-categories, brands and use cases, managing vendor, negotiating and optimizing vendor terms and getting support for marketing campaigns.
- Build strong relationships with existing vendors and execute negotiations to secure best pricing, sales programs, promotional support, exclusivity, bundling etc.
- Developing with Pricing team overall pricing strategy and promotional calendar across categories to drive sales and profit goals, by conducting relevant market research on competitors and products.
- Responsible for ensuring the latest assortments is available on the portal and keep identifying opportunities to bring on new product lines for assigned category/ ies.
- Identify and develop new market opportunities and create a road-map for category to improve on all key points like returns, cancellations etc.
- Creating MIS reports, weekly/monthly dashboard on vendor and category performance.
- Coordinating with cross-functional teams for smooth execution of all online backend operations
- Inventory, Sourcing, CMT, Shipping, Finance, listing, sales etc. and suggest and simplify processes for smooth functioning of operations
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