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Head of Buying

2 months ago

London, Greater London, United Kingdom MacGregor Black Full time
Job Title: Head of Buying

We are seeking an experienced and skilled Head of Buying to join our team at MacGregor Black. As a key member of our leadership team, you will be responsible for developing and implementing our buying strategy, driving business growth, and delivering exceptional results.

Key Responsibilities:
  • Develop and execute a comprehensive buying strategy aligned with our brand vision and market position.
  • Analyze market trends, customer preferences, and sales data to forecast demand and plan product assortments.
  • Collaborate with design, marketing, and sales teams to ensure product offerings align with our brand strategy and business objectives.
  • Negotiate contracts, terms, and conditions with suppliers to ensure high-quality products at competitive prices.
  • Identify and onboard new suppliers that meet our standards for quality and innovation.
  • Curate a product mix that enhances our premium positioning and meets the needs of our clientele.
  • Oversee the selection of fabrics, materials, and accessories to ensure the highest standards of quality and exclusivity.
  • Monitor inventory levels to optimize stock and reduce excess and obsolete inventory.
  • Implement inventory management strategies to ensure timely availability of products.
  • Collaborate with the logistics team to manage stock movements and warehousing.
  • Lead, mentor, and develop the buying team, fostering a culture of excellence and continuous improvement.
  • Set clear performance objectives and provide regular feedback and evaluations.
  • Encourage innovation and creativity within the team to drive the brand forward.
  • Prepare and manage the buying budget, ensuring cost-effective procurement practices.
  • Monitor financial performance and implement measures to achieve sales and profit targets.
  • Provide regular reports and analysis on buying activities and financial outcomes to the senior management team.
Requirements:
  • Bachelor's degree in Fashion Merchandising, Business Administration, or a related field; MBA preferred.
  • Minimum of 8-10 years of experience in buying, with at least 5 years in a senior buying role within the premium menswear industry.
  • Strong knowledge of the premium fashion market, tailoring processes, and high-end fabrics and materials.
  • Proven track record of developing and executing successful buying strategies.
  • Excellent negotiation, communication, and interpersonal skills.
  • Strong analytical and financial acumen.
  • Ability to lead and inspire a team, fostering a collaborative and high-performance culture.
  • High level of organizational skills and attention to detail.
  • Proficiency in relevant software and tools (e.g., ERP systems, Microsoft Office Suite).

Competitive salary + benefits.