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As a Merchandise Buyer at Accor, you will be responsible for overseeing the procurement and purchasing of merchandise sold within the park's retail outlets. This role involves managing vendor relationships, negotiating contracts, analyzing market trends, and ensuring that the merchandise selection aligns with the park's brand and target audience.
Key Accountabilities- Identify and select suppliers or vendors for merchandise procurement based on quality, cost, and delivery timelines.
- Negotiate terms of purchase, including prices, payment terms, and delivery schedules with suppliers to ensure favorable terms for the company.
- Follow required tendering procedures per company and owner's policies.
- Manage the procurement process, which involves creating purchase orders, coordinating with suppliers, and ensuring timely delivery of merchandise.
- Develop and implement purchasing strategies to optimize costs while maintaining product quality.
- Build and maintain strong relationships with suppliers to foster collaboration, resolve issues, and explore opportunities for cost savings or product improvements.
- Monitor inventory levels and collaborate with inventory management teams to maintain optimal stock levels while minimizing excess inventory and stockouts demand, and coordinate restocking activities.
- Ensure that purchased merchandise meets quality standards and specifications set by the company, including conducting quality inspections when necessary.
- Conduct market research to stay informed about industry trends, competitor pricing, and new product offerings to make informed purchasing decisions.
- Analyze costs associated with merchandise procurement, including total landed costs, to identify areas for cost optimization and efficiency improvements.
- Create and manage budgets for merchandise procurement activities. Recommend Open to Buy levels for all categories.
- Ensure compliance with regulations related to product safety, labeling, and licensing.
- Maintain accurate records of purchasing transactions, contracts, and supplier agreements, and ensure compliance with company policies and procedures.
To be successful in this role, you will need:
- A Bachelor's degree in Business Administration, Supply Chain Management, or related field, or related experience.
- Proven experience in purchasing or procurement roles, preferably in the retail industry for at least 3 years.
- Strong negotiation skills and ability to build effective vendor relationships.
- Analytical mindset with proficiency in data analysis tools.
- Excellent communication and leadership abilities.