At a Glance
- Tasks: Join our OTC team as a Senior Buyer, managing budgets and supplier relationships.
- Company: Be part of a leading social network focused on retail and wholesale excellence.
- Benefits: Enjoy £48,000 salary, 22 days leave, employee discounts, and MediCash access.
- Why this job: Make an impact in a dynamic environment while developing your skills and career.
- Qualifications: Experience in marketing, category management, and strong negotiation skills required.
- Other info: Opportunity to coach and guide team members for personal and business growth.
The predicted salary is between 33600 - 50400 £ per year.
We are seeking a dynamic and experienced Senior Buyer to join our OTC (Over the Counter) team. In this role, you will be responsible for delivering category budgets on sales, margin, cash profit, and central income while ensuring the needs of our retail and wholesale customers are met. You will manage supplier relationships to ensure market leading product ranging, pricing, promotional, and supply strategies that meet and exceed annual targets.
Key Responsibilities:
- Strategic Planning: Support in delivering the OTC Strategic Plans and achieving financial objectives through promotional planning, pricing, range, merchandising, and supplier strategies.
- Supplier Relations: Develop solid relationships with manufacturers to generate incremental funding income and ensure comprehensive business planning.
- Promotional Management: Assist in delivering a strong and balanced promotional program across retail and wholesale channels, maximising sales and profit.
- Performance Monitoring: Monitor, report, and propose actions on market OTC performance to help define OTC Strategy.
- Service Levels: Ensure appropriate service levels to all internal customers, meeting deadlines and agreed actions across various teams.
- Stock Management: Assist the Supply Chain team in attaining service and stock level KPIs through effective communication.
- Space Planning: Support the Space Planning Manager in managing category micro space to maintain profitability and maximise sales opportunities.
- Team Support: Coach and guide OTC Development Managers to meet individual and business objectives.
Key Experience, Knowledge, Skills & Qualifications:
- Experience in marketing and category management within a fast moving retail environment.
- Experience working with OTC manufacturers or driving OTC category in the pharmaceutical sector.
- Strong negotiation skills for supplier promotional income.
- Excellent supplier management skills with exposure to complex relationships.
- Strong financial awareness and ability to analyse and interpret complex data.
- Extensive knowledge of the consumer and wholesale supply chain, ideally FMCG.
- Strong commercial acumen and category management skills.
What We Offer:
- £48,000 per annum
- 22 days annual leave + 8 bank holidays (Increases to 30 days with length of service)
- Market leading employee discount programme across hundreds of retailers and services
- Access to MediCash, allowing you to reclaim money on a wide range of medical services
- Cutting-edge finance management app to control your salary as you see fit
Senior Buyer employer: PHOENIX Medical Supplies Limited
Contact Detail:
PHOENIX Medical Supplies Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Buyer
✨Tip Number 1
Familiarise yourself with the latest trends in the OTC market. Understanding current consumer behaviours and preferences will help you demonstrate your knowledge during interviews and show that you're proactive about staying informed.
✨Tip Number 2
Network with professionals in the pharmaceutical and retail sectors. Attend industry events or join relevant online forums to connect with potential colleagues or mentors who can provide insights and possibly refer you to opportunities at StudySmarter.
✨Tip Number 3
Prepare to discuss your negotiation strategies in detail. Since strong negotiation skills are crucial for this role, think of specific examples where you've successfully negotiated supplier agreements or promotional income in the past.
✨Tip Number 4
Showcase your analytical skills by being ready to discuss how you've used data to drive decisions in previous roles. Highlighting your ability to interpret complex data will set you apart as a candidate who can contribute to our financial objectives.
We think you need these skills to ace Senior Buyer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in marketing and category management, particularly within a fast-moving retail environment. Emphasise any specific achievements related to supplier management and promotional strategies.
Craft a Compelling Cover Letter: In your cover letter, address how your skills align with the key responsibilities of the Senior Buyer role. Mention your experience with OTC manufacturers and your strong negotiation skills, providing examples where possible.
Showcase Financial Acumen: Demonstrate your financial awareness by including examples of how you've analysed complex data to drive business decisions. This could be through previous roles or projects that required strong commercial acumen.
Highlight Team Leadership Experience: If you have experience coaching or guiding team members, make sure to include this in your application. Discuss how you've supported others in achieving their objectives, as this is a key aspect of the role.
How to prepare for a job interview at PHOENIX Medical Supplies Limited
✨Showcase Your Strategic Thinking
As a Senior Buyer, you'll need to demonstrate your ability to think strategically. Prepare examples of how you've successfully delivered category budgets and achieved financial objectives in previous roles. Highlight your experience with promotional planning and supplier strategies.
✨Emphasise Supplier Relationship Management
Strong supplier relationships are crucial for this role. Be ready to discuss your experience in managing complex supplier relationships and how you've generated incremental funding income. Share specific instances where your negotiation skills made a significant impact.
✨Demonstrate Financial Acumen
This position requires strong financial awareness. Brush up on your ability to analyse and interpret complex data. During the interview, be prepared to discuss how you've used financial insights to drive decisions and improve performance in past roles.
✨Prepare for Performance Monitoring Questions
Expect questions about how you monitor and report on market performance. Think of examples where you've proposed actions based on performance data to help define strategy. This will show your proactive approach and understanding of the OTC market.