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- Tasks: Lead sourcing for luxury products and manage supplier relationships.
- Company: Join a prestigious luxury fashion brand making waves in the industry.
- Benefits: Enjoy competitive pay, dynamic work environment, and opportunities for growth.
- Why this job: Be part of a creative team that values quality and innovation in fashion.
- Qualifications: Extensive procurement experience in luxury or high-end retail is a must.
- Other info: Stay ahead of market trends and make impactful decisions in a fast-paced setting.
The predicted salary is between 43200 - 72000 £ per year.
Job Description Elite have partnered with a luxury fashion brand to support on the hire of a Procurement Manager to join the team. Position Overview: The Procurement Manager will play a key role in managing the procurement process. This position will oversee the strategic sourcing, vendor relationships, contract negotiations, inventory management, and cost optimisation for the brand. The ideal candidate will have extensive experience in procurement within the luxury or high-end retail sector, with a strong ability to balance quality, cost, and delivery timelines. Key Responsibilities: Lead the sourcing strategy for high-quality, luxury products across multiple categories. Build and maintain strong, long-term relationships with key suppliers and manufacturers. Identify and evaluate potential new suppliers to ensure product excellence and competitiveness. Collaborate with internal stakeholders (merchandising, finance, operations) to develop annual procurement plans aligned with business goals. Monitor inventory levels and forecast future demand to optimize stock availability and minimize overstock or stockouts. Negotiate and manage contracts with suppliers, ensuring the best terms in pricing, delivery, and quality. Manage budgets for procurement spend and ensure adherence to financial targets. Ensure all products meet the company’s quality standards and adhere to industry regulations. Work closely with the quality assurance team to resolve any quality-related issues with suppliers. Work closely with cross-functional teams (e.g., merchandising, marketing, logistics, and finance) to ensure timely product availability for retail stores and e-commerce. Provide guidance and support in product assortment planning, ensuring the right product mix is available at the right time. Stay informed of market trends, economic conditions, and competitor activity to ensure competitive pricing and product offerings. Monitor supply chain disruptions, geopolitical risks, and other external factors that may impact procurement activities. If you are an experienced procurement professional with a background in retail, apply today! #J-18808-Ljbffr
Procurement Manager employer: Elite Associates
Contact Detail:
Elite Associates Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Procurement Manager
✨Tip Number 1
Familiarize yourself with the luxury fashion market. Research current trends, key players, and emerging suppliers to demonstrate your industry knowledge during discussions.
✨Tip Number 2
Network with professionals in the luxury retail sector. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into best practices.
✨Tip Number 3
Prepare to discuss your experience with contract negotiations and vendor management. Be ready to share specific examples of how you've successfully optimized costs while maintaining quality.
✨Tip Number 4
Stay updated on supply chain challenges and solutions. Being knowledgeable about current geopolitical risks and their impact on procurement will show your proactive approach to the role.
We think you need these skills to ace Procurement Manager
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Procurement Manager position. Understand the key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to highlight relevant experience in procurement, especially within the luxury or high-end retail sector. Emphasize your achievements in strategic sourcing, vendor management, and cost optimization.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the luxury fashion industry and your expertise in procurement. Use specific examples from your past roles to demonstrate your ability to manage supplier relationships and negotiate contracts effectively.
Highlight Key Skills: In both your CV and cover letter, make sure to highlight key skills such as negotiation, inventory management, and collaboration with cross-functional teams. These are crucial for the Procurement Manager role and will help you stand out.
How to prepare for a job interview at Elite Associates
✨Showcase Your Procurement Expertise
Be prepared to discuss your previous experience in procurement, especially within the luxury or high-end retail sector. Highlight specific examples of how you've successfully managed vendor relationships and negotiated contracts.
✨Demonstrate Strategic Thinking
Illustrate your ability to develop and implement sourcing strategies. Discuss how you balance quality, cost, and delivery timelines, and provide examples of how you've optimized procurement processes in past roles.
✨Highlight Collaboration Skills
Since this role involves working closely with various internal stakeholders, be ready to share experiences where you've collaborated effectively with teams like merchandising, finance, and operations to achieve common goals.
✨Stay Informed About Market Trends
Research current market trends and economic conditions related to luxury goods. Being knowledgeable about the industry will demonstrate your commitment and help you discuss how you can contribute to the company's competitive edge.
