Product Sourcing/ Procurement Associate
HReade Limited
Marketing & Communications
Job Summary
The ideal candidate will manage the sourcing and procurement of retail products, both nationally and internationally, forecast trends, plan stock levels, and work closely with suppliers and manufacturers.
- Minimum Qualification : Degree
- Experience Level : Entry level
- Experience Length : 1 year
Job Description/Requirements
Responsibilities:
- Plans product ranges and prepares sales and stock plans.
- Researches and maintains the database of suppliers and manufacturers.
- Works closely with suppliers and manufacturers, to source top-quality products, while maintaining a positive relationship
- Carries out market research on the best products for the business.
- Analyzes sales figures, customer reactions, and market trends to predict product needs and plan product ranges/stocks.
- Stocks, organizes, and takes inventory of the company’s products.
- Monitors stock movement and considers markdown, promotions, and clear-outs.
- Develops policies and schedules for regular procurement.
- Negotiates supply and shipping prices.
- Seeks cost-effective/competitive pricing and timely acquisition of products.
- Knows the customer base and understands their motivation and sales drive.
- Review customer feedback to anticipate sales trends and seasonal stock demand.
- Stay up-to-date with the industry’s best practices.
- Provide management with reports on customer needs, problems, interests, competitive activities, and potential for new products/services.
- Assists in content creation, marketing schemes, and campaign development for the company’s products.
- Assists in processing customer’s orders.
Requirements:
- Bachelor’s degree in marketing or a related field from an accredited University.
- Proficiency in the use of Microsoft Office tools.
- Technology savvy.
- Knowledge of sales process and negotiation techniques.
- 1 - 3 years of experience as a Sourcing Associate.
Skills Required:
- Entrepreneurial and commercial thinking
- Presenting and communicating information
- Persuading and influencing
- Relating and networking
- Delivering results and meeting customer expectations
- Analyzing, deciding, and initiating action
- Learning and Researching
- Writing and reporting
Location: Lekki, Lagos
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