Head of Buying
other jobs Zachary Daniels
Added before 77 Days
- England,East Midlands,Nottinghamshire
- full-time
- £70,000 - £80,000 per annum
Job Description:
Role overview : Managing the Buying Team (8 members) in sourcing new products, negotiating optimal terms from new and existing suppliers, and placing orders for a hard goods retailer. The role is head office based 5 days per week. Primary Responsibilities and Duties:
* Department Management:
* Oversee the daily operations of the Buying department.
* Lead, mentor, and develop a team of 8 buyers to ensure high performance and professional growth.
* Establish departmental goals and strategies aligned with company objectives.
* Sourcing and Procurement:
* Identify and source new products to meet market demands and expand the product range.
* Conduct thorough market research to stay updated with industry trends and identify potential suppliers.
* Evaluate and select suppliers based on quality, cost, reliability, and delivery performance.
* Build and maintain strong relationships with new and existing suppliers to ensure a reliable supply chain.
* Contract Review and Negotiation:
* Review, negotiate, and manage contract terms to secure the best possible conditions for the company.
* Ensure all agreements comply with legal and company standards.
* Regularly assess supplier contracts to ensure adherence to agreed terms and conditions.
* Inventory Management:
* Develop and implement an inventory management strategy to improve stock accuracy and turnover.
* Monitor inventory levels to prevent stockouts and excess inventory.
* Coordinate with warehouse and logistics teams to ensure timely and efficient stock handling.
* Cost and Quality Control:
* Ensure cost-effectiveness, quality, reliability, and timely delivery of sourced products.
* Conduct regular supplier performance evaluations and take corrective actions when necessary.
* Implement cost-saving measures while maintaining product quality and supplier relationships.
* Process Improvement:
* Identify and implement improvements in procurement processes and procedures.
* Develop and monitor departmental KPIs to measure and enhance performance.
* Introduce new systems and practices to increase efficiency and effectiveness in the buying process.
* Strategic Initiatives:
* Drive strategic cost savings, improve on-time delivery, reduce lead times, and enhance inventory control.
* Align purchasing strategies with overall business goals and collaborate with senior management.
* Participate in cross-functional projects to support business growth and operational excellence.
* Confidentiality and Reporting:
* Maintain company confidentiality at all times.
* Generate ad-hoc reports as required by the Director.
* Report any security breaches or dishonest acts by staff, visitors, or the public to senior personnel.
* Supplier Relations:
* Negotiate ongoing optimal terms with new and existing suppliers.
* Manage the purchase of products, capital, and non-capital lines based on store replenishment needs or sales forecasts.
* Expedite orders and ensure timely delivery.
* Optimize stock turnover by ensuring frequent and adequate ordering, and by liaising with suppliers to provide product sales forecasts.
* Monitor product failure rates and negotiate resolutions with suppliers.
* Collaborate with suppliers to secure contributions to marketing efforts as needed.
* Travel and Housekeeping:
* Occasional travel and overnight stays will be required.
* Maintain good housekeeping practices in all areas of responsibility.
BBBH31088
* Department Management:
* Oversee the daily operations of the Buying department.
* Lead, mentor, and develop a team of 8 buyers to ensure high performance and professional growth.
* Establish departmental goals and strategies aligned with company objectives.
* Sourcing and Procurement:
* Identify and source new products to meet market demands and expand the product range.
* Conduct thorough market research to stay updated with industry trends and identify potential suppliers.
* Evaluate and select suppliers based on quality, cost, reliability, and delivery performance.
* Build and maintain strong relationships with new and existing suppliers to ensure a reliable supply chain.
* Contract Review and Negotiation:
* Review, negotiate, and manage contract terms to secure the best possible conditions for the company.
* Ensure all agreements comply with legal and company standards.
* Regularly assess supplier contracts to ensure adherence to agreed terms and conditions.
* Inventory Management:
* Develop and implement an inventory management strategy to improve stock accuracy and turnover.
* Monitor inventory levels to prevent stockouts and excess inventory.
* Coordinate with warehouse and logistics teams to ensure timely and efficient stock handling.
* Cost and Quality Control:
* Ensure cost-effectiveness, quality, reliability, and timely delivery of sourced products.
* Conduct regular supplier performance evaluations and take corrective actions when necessary.
* Implement cost-saving measures while maintaining product quality and supplier relationships.
* Process Improvement:
* Identify and implement improvements in procurement processes and procedures.
* Develop and monitor departmental KPIs to measure and enhance performance.
* Introduce new systems and practices to increase efficiency and effectiveness in the buying process.
* Strategic Initiatives:
* Drive strategic cost savings, improve on-time delivery, reduce lead times, and enhance inventory control.
* Align purchasing strategies with overall business goals and collaborate with senior management.
* Participate in cross-functional projects to support business growth and operational excellence.
* Confidentiality and Reporting:
* Maintain company confidentiality at all times.
* Generate ad-hoc reports as required by the Director.
* Report any security breaches or dishonest acts by staff, visitors, or the public to senior personnel.
* Supplier Relations:
* Negotiate ongoing optimal terms with new and existing suppliers.
* Manage the purchase of products, capital, and non-capital lines based on store replenishment needs or sales forecasts.
* Expedite orders and ensure timely delivery.
* Optimize stock turnover by ensuring frequent and adequate ordering, and by liaising with suppliers to provide product sales forecasts.
* Monitor product failure rates and negotiate resolutions with suppliers.
* Collaborate with suppliers to secure contributions to marketing efforts as needed.
* Travel and Housekeeping:
* Occasional travel and overnight stays will be required.
* Maintain good housekeeping practices in all areas of responsibility.
BBBH31088
Job number 1409788
metapel
Company Details:
Zachary Daniels
Company size: 20–49 employees
Industry: Recruitment Consultancy
Zachary Daniels is the retail specialist recruitment consultancy for niche, national and international roles.Established in 2012, we’ve built ou...