Job Title: Associate-Buying
Salary: Rs 2.3 Lakhs to 9.1 Lakhs
Company: Myntra
Location: Bengaluru, Karnataka
Qualifications: Bachelor’s
Experience: 2-4 years of experience
ABOUT MYNTRA
Myntra.Com is a leading Indian fashion e-trade platform founded in 2007 via Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena. Initially focused on customized gift items, Myntra pivoted to turn out to be one of India’s biggest online fashion stores. In 2014, it was acquired by using Flipkart, similarly boosting its market presence.
Specializing in apparel, shoes, and accessories, Myntra offers an extensive range of home and international brands, catering to numerous customer choices across age organizations. It operates on a marketplace version, enabling manufacturers to reach a substantial client base successfully.
Myntra has pioneered several initiatives in Indian e-commerce, inclusive of the introduction of strive-and-purchase, an augmented fact feature for virtual shopping studies, and collaborations with celebrities for exclusive collections. The enterprise has also emphasized sustainability via tasks like green packaging and selling sustainable style manufacturers.
Job Description
The role of an Associate-Buying in shopping includes helping buy sports inside an agency. Responsibilities generally include assisting with vendor communications, preserving buy facts, monitoring stock levels, and coordinating shipments. Associates regularly collaborate intently with senior consumers and procurement groups to ensure well-timed procurement of products and offerings, in addition to bartering favorable phrases with suppliers. Attention to detail, strong organizational abilities, and the potential to analyze marketplace trends are essential for success in this role. Effective verbal exchange and talent in the usage of shopping software or ERP structures are also commonly required to streamline procurement tactics.
Responsibilities of an Associate in Buying:
- Vendor Communication: Associates are frequently tasked with retaining relationships with providers and companies. This includes communicating order necessities, negotiating charges and phrases, and resolving any issues that could stand up in the procurement method.
- Purchase Order Management: They are answerable for growing and coping with buy orders (POs) to make certain well-timed procurement of products and services. This includes verifying specs, portions, and transport schedules in line with organizational needs.
- Inventory Management: Associates reveal inventory tiers to save you stockouts and overstock conditions. They collaborate with stock manipulation teams to optimize inventory stages based on demand forecasts and operational requirements.
- Market Research and Analysis: Researching marketplace traits, pricing, and product availability is crucial. Associates analyze market conditions to discover fee-saving opportunities and opportunity providers that meet excellent and budgetary necessities.
- Supplier Relationship Management: Building and retaining positive relationships with suppliers is vital for powerful procurement. Associates compare dealer performance, address any performance troubles, and paint on continuous development projects.
- Logistics Coordination: Coordinating cargo schedules and logistics arrangements is regularly a part of their duties. They ensure that items are brought on time and according to agreed-upon phrases.
- Documentation and Record-Keeping: Maintaining correct statistics of purchases, contracts, and agreements is crucial. Associates ensure compliance with internal rules, criminal necessities, and audit requirements.
- Cost Management: They contribute to fee control efforts by identifying opportunities to lessen buying expenses without compromising exceptional or provider degrees. This can also include negotiating better terms, bulk discounts, or exploring opportunity-sourcing alternatives. (Associate-Buying)
- Process Improvement: Actively collaborating in procedure improvement initiatives to streamline procurement strategies and decorate efficiency. Associates may also advise and put in force adjustments to workflows, systems, or techniques to obtain higher results.
- Cross-purposeful Collaboration: Collaborating with diverse departments which includes finance, operations, and income is critical. Associates ensure the alignment of buying sports with organizational goals and targets.
Qualifications for an Associate in Buying at Myntra
To excel in the function of an Associate in Buying, candidates usually possess the following qualifications:
- Education: A bachelor’s diploma in commercial enterprise management, supply chain management, logistics, or an associated area is often required. Some positions may also prefer applicants with a master’s diploma or relevant certifications (e.g., Certified Purchasing Manager).
- Experience: Previous experience in purchasing, procurement, or supply chain control is useful. Entry-degree roles may additionally accept candidates with internship experience or applicable coursework.
- Analytical Skills: Strong analytical abilties are necessary to evaluate market developments, pricing facts, and provider overall performance metrics. Proficiency in Excel or other data evaluation equipment is frequently desired.
- Communication Skills: Excellent verbal and written communication talents are vital for effective vendor negotiations, internal collaborations, and documentation. at Myntra
- Organizational Skills: Associates should be exceedingly organized to manipulate more than one responsibility, prioritize workload, and meet closing dates in fast-paced surroundings. (Associate-Buying)
- Attention to Detail: Precision in coping with buy orders, reviewing contracts, and documenting procurement sports is critical to avoid mistakes and ensure compliance.
- Negotiation Skills: Ability to negotiate favorable phrases and charges with suppliers while preserving high-quality relationships.
- IT Proficiency: Familiarity with buying software programs, ERP systems, and digital procurement gear is fine. The ability to evolve to new technology and systems is vital.
- Ethical Standards: Adherence to moral standards and integrity in dealer relationships and procurement practices.
- Team Player: Willingness to collaborate with past-purposeful teams and contribute to wonderful painting surroundings.
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