Full time

Buyer | Purchasing Officer

  • Not disclosed
  • Added: Feb 13, 2025
  • Closing: Apr 14, 2025

M5 Capital

Quatre Bornes, Plaines Wilhems

Job Description

1    Supplier Management:
-    Assist in identifying, evaluating, and establishing relationships with suppliers;
-    Support negotiations for favorable terms, pricing, and delivery schedules, to maximise value and minimise costs;
-    Manage supplier product listings to ensure up-to-date reorder processing within the procurement system;
-    Monitor supplier performance and address any issues related to service delivery, quality, and timelines.
2    Product Sourcing:
-    Conduct Research and identify new products or sources to enhance the product range within the store;
-    Aid in Building reliable relationships with key consolidators globally to ensure consistent and quality product supply. 
3    Cost Negotiation and Forecasting:
-    Assist in cycle deals negotiation and orchestrating promotional drives to effectively bargain for pricing and terms, ultimately ensuring the attainment of optimal costs for products;
-    Support in developing and overseeing gross profit margins across all product categories to align with financial targets;
-    Manage reorder forecast modules by supplier to ensure seamless highest standards of inbound supplier levels;
-    Drawing up recommended selling prices (RSP) using various costing models to determine the pricing of all product ranges.
4    Quality Assurance:
-    Assist in Implementing and sustain set standards of quality to uphold product and range integrity, freshness, and compliance with government regulations;
-    Work alongside suppliers to resolve any concerns regarding product quality or compliance, while also vigilantly overseeing and ensuring adherence to quality standards and specifications.
5    Collaboration with Department Managers:
-    Support department managers with procurement needs and preferences;
-    Assist in assortment planning, promotional activities, and inventory management alignment;
-    Ensure that procurement strategies align with departmental and store-wide objectives.
6    Order Placement and Tracking:
-    Place timely and accurate orders for merchandise, considering product demand, shelf life, promotional activities, and seasonality;
-    Utilise procurement software to understand merchandise requirements and strategically build orders maximising transport efficiencies; 
-    Track outstanding orders, inbound shipments and collaborate with warehouse and inventory management teams to optimise stock levels.
7    Market Analysis and Trends:
-    Conduct market surveys to align product offerings with customer preferences and industry trends;
-    Provide insights based on collated information to the management team on market dynamics.
8    Contract Management:
-    Support in developing and upholding competitive contractual terms and performance expectations with suppliers;
-    Ensure compliance with agreed terms and targets within all contractual agreements, to ensure optimum levels of incentives and/ or discounts as maybe applicable are achieved.
9    Reporting:
-    Prepare, analyse and present all data related to procurement activities, such as purchasing trends, supplier performance, inventory levels, and cost savings.



Job Requirements

Requirements
Bachelor's degree in Business, Supply Chain Management, or a related field.
Proven experience in procurement, purchasing, or supply chain.
Knowledge of Mauritian market will be an advantage.
Ability to talk French and English fluently.
Strong negotiation and communication skills.
Analytical mindset with the ability to analyse market trends and cost structures.
Knowledge of procurement software and systems.
Familiarity with inventory management and forecasting.
Strong organisational and time management skills.
Flexibility to work in a fast-paced retail environment.

About M5 Capital

Welcome to M5 Capital, where our commitment revolves around the seamless collaboration of our team and our clients. 

Through a perspective of diversity and innovation, we pride ourselves on offering a wide range of solution-oriented services tailored to the unique needs of individuals and businesses across the globe. By leveraging our expertise and insights into target markets, we are dedicated to delivering exceptional results every step of the way.

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