Merchandise Buyer, Sr. selects merchandise for order, places order, and stays involved in inventory distribution. Reviews success of previous orders to determine extent to which inventory should be replenished. Being a Merchandise Buyer, Sr. researches new trends or advances in product lines to make appropriate buying decisions. Functions as a decision maker with orders of a larger and more complex scope. Additionally, Merchandise Buyer, Sr. may require a bachelor's degree in area of specialty. Typically reports to a supervisor or manager. To be a Merchandise Buyer, Sr. typically requires 7+ years of related experience. A specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group. (Copyright 2024 Salary.com)
o Collaborate with Internal stack holder to Identify right supplier in terms QCD and Technology support
Commercial terms:
o Agree with bid list source for best business terms which will enhance long-term sustainable business model.
Supplier Strategy:
o Form strategic alliances and partnerships with suppliers to secure business deliverables.
RFQ Process – Program Sourcing & Pursuit support:
o Prepare, negotiate, award, and make available firm contracts price lists for strategic suppliers in accordance with business and market requirements.
Supplier business Review:
o Collaborate with cross-functional teams for supplier business review to ensure all the commitments met to deliver business goals.
Material cost reduction:
o Collaborate with cross functional team and suppliers to deliver competitive material cost by value proposition.
Supplier rationalization:
o Consolidate suppliers, based on latest trend in tech and best in commercial terms for long term sustainability.
New technology supplier introduction:
o Act as a liaison between Engineering team and supplier to explore new technologies and support for implementation.
Cost Model:
o Develop should cost model, use market data and Procurement tools to leverage suppliers for lowest cost deliverables.