Procurement Assistant Manager

Key Responsibilities
1. Product Sourcing & Development

• Research and evaluate attractive product lines to meet departmental and business needs.
• Identify emerging market trends, consumer buying patterns, and competitor activities.
• Develop and propose innovative product concepts to differentiate offerings and enhance customer experience.
• Contribute to the planning and development of new product ranges aligned with business strategy.

2. Market Research & Trend Analysis

• Conduct ongoing market research to identify new trends, opportunities, and potential risks.
• Analyze customer preferences and sales data to guide purchasing decisions.
• Stay updated on industry developments to maintain competitive advantage.

3. Supplier Management & Negotiation

• Source, evaluate, and shortlist potential suppliers based on price, quality, reliability, and service.
• Participate in decision-making processes to select the most suitable vendors.
• Negotiate pricing, terms, and agreements to achieve the best value for the company.
• Build and maintain strong relationships with existing vendors while continuously seeking new partnerships.

4. Procurement & Cost Optimization

• Ensure product quality standards are met while securing the most favorable pricing.
• Monitor cost structures and identify opportunities for cost savings and efficiency improvements.
• Assist in budgeting and forecasting procurement needs.

5. Cross-Functional Collaboration

• Work closely with merchandising, marketing, and operations teams during product planning and launches.
• Coordinate with relevant departments throughout the purchasing process to ensure smooth execution.
• Communicate effectively with internal stakeholders and external vendors.

6. Merchandising & Sales Support

• Collaborate with merchandising teams on product displays, promotions, and in-store activities.
• Support initiatives to enhance product visibility and drive sales performance.
• Provide insights to improve product positioning and customer engagement.

7. Relationship Management

• Maintain strong working relationships within the division, across departments, and with store teams.
• Foster collaboration in cross-functional projects and initiatives.

8. Team Leadership & People Management

• Lead, supervise, and develop a team of procurement executives or assistants to ensure smooth daily operations.
• Assign tasks, set priorities, and monitor team performance to meet departmental goals and deadlines.
• Provide guidance to enhance team capabilities and professional growth.
• Conduct performance evaluations and provide constructive feedback to drive continuous improvement.
• Ensure clear communication within the team and across departments.

Requirements & Qualifications

• Education: Bachelor’s Degree in Business Administration, Supply Chain Management, Procurement, Marketing, or related field.
• Experience: 3–6 years of experience in procurement, sourcing, or merchandising (retail/FMCG preferred).
• Experience in supplier negotiation and vendor management.
• Skills & Competencies: Strong analytical skills with the ability to interpret market data and trends.
• Excellent negotiation and cost management capabilities.
• Good communication and interpersonal skills.
• Strong organizational and project coordination abilities.
• Ability to work in a fast-paced, cross-functional environment.
• Proficiency in Microsoft Excel and procurement systems is an advantage.