Website TeamPlus
Category Buying:
Identify and source products for assigned categories based on market
demand, trends, and customer preferences.
Negotiate terms with suppliers, including pricing, delivery schedules,
and payment terms.
Maintain strong relationships with existing suppliers while identifying
and onboarding new suppliers to enhance category performance.
Manage and optimize supplier agreements to ensure competitive pricing
and quality.
Category Management:
Develop and execute category strategies to meet sales, margin, and
profitability targets.
Monitor category performance metrics, including sales, inventory
turnover, margins, and profitability, and implement improvement plans.
Analyze market trends, customer behavior, and competitor strategies to
adjust category offerings.
Plan product launches, promotions, and pricing strategies in
collaboration with the marketing and sales teams.
Manage inventory levels to minimize stock outs and excess inventory,
ensuring a balance between supply and demand.
Cross-functional Collaboration:
Work closely with the sales, marketing, and supply chain teams to align
category objectives with business goals.
Coordinate with the digital team for e-commerce strategies and category
visibility.
Partner with finance to monitor budgets and forecast category
performance.
Customer Insights and Feedback:
Gather customer feedback and insights to ensure category offerings meet
expectations.
Stay updated on customer preferences and implement relevant category
adjustments.
Data Analysis and Reporting:
Regularly review sales data, market trends, and inventory reports to
identify opportunities and challenges.
Present category performance updates and action plans to senior
management.