Product Executive or Buyer for an IT
2 days ago
A Product Executive or Buyer for an IT retail company is responsible for selecting, sourcing, and purchasing a range of technology products to meet customer demand and sales targets. This role requires a blend of market analysis, financial acumen, and relationship management to ensure the store's inventory is competitive and profitable.
Key Responsibilities
Market Research and Strategy: Conduct market research to identify trends in consumer electronics and IT, monitor competitor pricing and product offerings, and analyze sales data to forecast demand. Develop and implement a strategic buying plan based on this analysis.
Supplier and Vendor Management: Source new suppliers and maintain strong relationships with existing vendors. Negotiate contracts, pricing, and terms to secure the best deals and maximize profitability.
Inventory and Merchandising: Monitor inventory levels and manage stock to prevent both shortages and overstock situations. Collaborate with the merchandising team to plan store layouts and promotions that showcase key products.
Financial Management: Work within budgets to manage purchasing costs and create reports on sales performance, budgets, and customer satisfaction to adjust strategies as needed.
Collaboration and Communication: Work closely with sales, marketing, and logistics teams to ensure timely product delivery and develop effective promotional campaigns. Present new product ranges and buying plans to senior management.
Job Types: Full-time, Permanent
Pay: RM2, RM4,000.00 per month
Work Location: In person
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