Category Buyer

4 weeks ago

London, Greater London, United Kingdom Currys Full time

About the Role:

We are looking for a highly ambitious Buyer to join the 'New & Growth Categories' team at Currys. This role is focused on creating new value and growth for the company through inspiring and educating customers about the latest and greatest on-trend new tech.

The successful candidate will work closely with the New Category Senior Buyer to identify new opportunities and bring them to market across our stores and website. This will involve developing a sourcing strategy to bring customers the best ranges, while minimizing our NET cost of goods.

Key Responsibilities:

  • Managing all category supplier relationships in line with our overall commercial supplier strategy and the category strategy
  • Harnessing credible relationships with our suppliers and developing a sourcing strategy to bring customers the best ranges, supported with availability but also to minimize our NET cost of goods
  • Working with suppliers to develop a strong understanding of the future technology roadmap, enabling the category to adequately plan ahead for likely changes in customer trends and demand
  • Negotiating product ranges – cost pricing, additional terms, exclusivity, distribution, stock availability
  • Negotiating additional fixed and variable financial terms related to ranging, activity and performance – maximizing EBIT across the category
  • Negotiating promotional funding support to drive sales while maintaining margin in line with financial objectives
  • Securing adequate product and promotional differentiation from competitors to support market share growth objectives
  • Working with the returns team to ensure adequate supplier returns agreements are in place contractually to both meet customer service requirements and minimize cost exposure after sale
  • Working with the category planner to secure supplier support to drive additional sales and margin where opportunity for upside exists, and particularly to mitigate risks against committed financial objectives
  • Working with merchandising to ensure that we are forecasting at the right level to maximize sales and stock turn
  • Working with the Head of Merchandising and central finance teams to ensure the claiming and tracking of income against trading account targets, ensuring all due supplier funding is claimed on time in line with contractual obligations
  • Remedy all supplier issues relating to cost price, product, stock, financial claims, contractual issues and other
  • Ensure supplier contracts are completed in line with the company DOA and pre-determined annual timetable

Requirements:

  • Buying experience working within a FMCG/Fashion or Hard Goods fast-paced retailer
  • Negotiation skills and ability to manage all supplier partnerships
  • Good judgment and strong decision-making skills to enable the right actions for the category
  • Excellent numerical and analytical skills to review data and provide recommendations/actions plans to drive sales, profit and cash
  • Excellent inter-personal and communication skills, capable of presenting to senior stakeholders as well as working cross-functionally to achieve the desired results
  • Customer champion with excellent commercial awareness and understanding of customer needs
  • Good working knowledge of SharePoint, Teams, Excel, Word and PowerPoint as well as MS Office workflow tools
  • Monitor internal controls and make recommendations as needed
  • Marketing/Merchandising/Retail/Business Degree
  • Experience of both the Electricals market and products

Benefits:

  • 25 days of annual leave (plus bank holiday entitlement) and a competitive pension scheme
  • Private Medical Insurance
  • Life Assurance
  • Fantastic colleague discounts on Tech with Currys and iD Mobile
  • Access to Champion Health (Wellbeing App)
  • Hybrid working (with an expectation to meet in person 2-4 times per month)

Currys is a company that values its employees and offers a range of benefits to support their well-being and career development. We are committed to making inclusion and diversity part of everything we do, including how we strengthen our workforce. We want to make sure you have a fair opportunity to show us your talents during our application process, so if you need any additional assistance with your application please email careers@currys.co.uk and we'll do our best to help.

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