Director of Procurement
10 hours ago
**_Job Purpose_**
The Director of Procurement is responsible for effectively managing Cloré’s overall inventory across all channels including the warehouse, brick-and-mortar stores, and e-commerce to drive the company's economic growth. The Procurement Director’s main goal is to develop procurement strategies & policies, implement effective procurement processes, maintain strong vendor relations, and negotiate good terms. The Director will analyze market trends, monitor inventory levels, and collaborate with various departments to align our procurement activities to ensure that we maximize the productivity and profitability of the company’s inventory. This role is integral to the growth of Cloré, and the achievement of Cloré’s Vivid Vision, by optimizing the inventory management and merchandise sales for better gross margin return on investment and improved cash flow.
**_
Responsibilities_**
**Procurement Strategy**Develop and implement a buying & sourcing strategy, considering market trends,consumer preferences, and company goals. Resulting in improvement of quality ofactive SKUs.-
- Continuously seek opportunities to improve the current pricing strategies to increase the profitability of inventory.
Develop and implement an effective exit strategy for old and out-of-trend products beyond clearance sales.
Continuously seek opportunities to improve the current pricing strategies to increase the profitability of inventory.
Develop and implement an effective exit strategy for old and out-of-trend products beyond clearance sales.**Inventory Management**Develop and implement effective & efficient inventory management processes todrive increases in inventory management KPIs including inventory turnover.-
- Oversee the inventory of 10 brick-and-mortar stores with 1 warehouse/distributioncenter & e-commerce to achieve company sales targets.-
- Work with the vendors to maintain consistent and reliable stock availability for allactive SKUs, minimizing the occurrence of stockouts.-
- Allocate and distribute inventory effectively, ensuring right stock at right locations.
-the overall quality of the inventory.**Supplier/Vendor Management**Establish vendor management KPIs to measure and drive improvements to vendor’sdeliverables & terms.-
- Continuously work with industry vendors (45+) to strengthen relationships andreduce costs.-
- Leverage vendor relationships to increase support from vendors towards overallcompany goals.-
- Lead vendor negotiations and ensure execution of developed sourcing &negotiation strategy.**Team Leadership and Development**Grow a team of 3 procurement professionals through clear structure and coachingwith industry best practices.-
- Create a scalable structure, allowing for seamless addition of new stores withoutrequiring additional hires.-
- Foster a culture of continuous learning and growth within the team.
Delegate responsibilities effectively, ensuring each team member's skill set ismaximized.**Trend Monitoring and Product Lifecycle Management**Define a clear life cycle for all active SKUs in the company.
Stay on top of consumer, vendor, and industry trends.
Introduce new and trending products to meet customer demands.
Regularly monitor vendor trends to assess any risks in supply chain and competitorlandscape to make necessary adaptations.-
- Collect regular feedback from retail, marketing & customers.
Communication and Collaboration.
Regularly assess and report the health of company’s inventory with strategic insight.**Inventory data and KPIs**Work collaboratively with multiple departments and retail stores to ensureeffective communication.-
- Proactively engage with marketing and retail in driving increased profitability.
Lead cross-functional teams on sourcing projects and contracting efforts.**Merchandising**Collaborate with Retail Operations Manager to ensure effective visualmerchandising plans are in place for the retail stores.-
- Regularly visit locations to assess areas of improvement and control item selectionstrategies.**_
Competencies and Person Specification_**
The role of the store manager requires:**Leadership** - a willingness to take responsibility for this important role, with good data management and analytical skills, problem solving and critical thinking skills even under pressure and offer direction and guidance
**Communication** - clear communication skills with internal and external stakeholders (including department managers and vendors)
**Time Management** - the ability to manage and use one's time effectively or productively
**Team Player** - a Team Player at purchasing level and at the Company level
**Drive** - a high degree of self-motivation and the ability to motivate others
**Dependability** - a high degree of reliability, responsibility, dependability and the ability to fulfill obligations in a timely manner
**Initiative** - a willingness to take on responsibilities and challenges in a proactive manner
**Self-Assessment** - the ability to handle
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