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Company Overview
BXI (Barter Exchange of India) is a Barter Market Place Platform, catering to a B2B community of brands, business units, and organizations. Operating on the philosophy of "Give What You Have - Take What You Need," BXI runs a membership model that serves as a one-stop digital platform for various categories. Members exchange services and products with other members using Barter Trade Coins (BTC), facilitating a vibrant ecosystem. The headquarters is located in Mumbai, and the company operates within the business service industry.
Job Overview
We are looking for a mid-level Procurement Specialist to join our dynamic team at BXI - Barter Exchange of India. This full-time role is based in Mumbai, Mumbai Suburban, Thane, or Bandra. The candidate should have a maximum of 6 years of relevant work experience. The role involves managing procurement activities, including risk management, product analysis, and pricing analysis, essential for our unique barter marketplace.
Qualifications and Skills
- Strong experience in risk management (Mandatory skill), enabling the anticipation and mitigation of procurement risks.
- Proficient in product analysis (Mandatory skill), to evaluate and select the best products for the barter marketplace.
- Skilled in pricing analysis (Mandatory skill) ensuring the value trades align with market standards.
- Excellent negotiation skills to ensure favorable terms in all procurement deals.
- Ability to perform cost analysis to identify and implement cost-saving opportunities.
- Capable of conducting extensive market research to stay ahead of industry trends and make informed procurement decisions.
- Excellent communication skills, essential for coordinating with various stakeholders and ensuring smooth procurement processes.
- Experience in inventory analysis to maintain optimal inventory levels while minimizing costs.
Roles and Responsibilities
- Manage the complete procurement process, from sourcing and evaluation to contract negotiation and purchasing.
- Perform risk management for potential supplier issues, market fluctuations, and other procurement risks.
- Conduct detailed product analysis to ensure products meet the company's quality and performance standards.
- Conduct pricing analysis to ensure fair value trades and manage the budget effectively.
- Negotiate contracts and terms with suppliers to secure the best possible terms and conditions.
- Analyze inventory levels, monitor stock availability, and ensure optimal supply to meet the company's needs without overstocking.
About Company:
In a world where digital-first (D2C) brands are thriving, our client is rewriting the rules of retail. Their mission is clear - democratize prime retail to empower digital-first brands with plug and play tools to seamlessly transition into the physical world. In the heart of innovation, brand emerges as a revolutionary retail space, an avant-garde fusion of shared economy, digital prowess, and tangible experiences
About the Role:
We are currently seeking a highly skilled and experienced Category Manager to join our dynamic team. The ideal candidate will have proven experience in category management roles within the e-commerce sector, with a focus on categories such as fashion, personal care, beauty, and health and wellness.
What You’ll Be Doing:
• Plan and implement effective marketing campaigns to promote category growth. Monitor and analyze campaign performance, making data-driven adjustments as needed.
• Curate and manage the product assortment within assigned categories. Work closely with vendors and internal teams to ensure a diverse and appealing product mix.
• Take ownership of the category's (P&L) statement. Develop and execute strategies to maximize revenue and profitability. Monitor and manage pricing, promotions, and discounts within the
category.
• Cultivate and maintain strong relationships with both new and existing brands within the assigned categories. Negotiate terms, agreements, and promotional opportunities with brand partners.
• Utilize data analysis tools to gather insights into category performance. Make informed decisions based on data, identifying trends and opportunities & provide regular reports.
• Collaborate with various teams, including business, marketing, customer support, and data teams and ensure effective communication and alignment on category objectives and initiatives.
Requirements:
1. Bachelor's or Master’s degree in engineering, Business, Marketing, or a related field from a tier-1 institute.
2. 3-5 years of proven experience in e-commerce category management, preferably in fashion, personal care, beauty, or health and wellness.
3. Analytical mindset with proficiency in data analysis tools.
4. Strong understanding of retail trends, consumer behavior, and brand marketing.
5. Excellent negotiation and communication skills.
6. Experience in managing a team would be a plus.
7. Ability to work collaboratively in a fast-paced, dynamic environment.
8. Experience in a VC-funded start-up is a plus.
If you are a strategic thinker with a passion for e-commerce and a proven track record in category management, we invite you to apply.
With 14+ years of expertise in e-commerce, our client provides AI-powered solutions for quick scale-up of brands and equips them to serve a global audience efficiently. From Texas to India, it operates from 6 different locations and processes 5 million orders annually and are amongst the top 25 sellers on Amazon and Walmart.com.
Founded by entrepreneurs with rich international experience, this leading online store of USA works with over 2000 brands which include many known brands in the US and covers almost all major categories like beauty and healthcare, electronics and gadgets, furniture, toys and apparel and others.
It has won several accolades including Inc 5000, fastest-growing companies, two years in a row.
What you will do:
- Managing inputs, category profit & loss, promotion management, auditing and analysis, vendor escalations, and concise communications
- Growing selection, improving terms and cost structures, and building long-term relationships with vendors for the sub-categories assigned
- Demonstrating customer and category knowledge, being an advocate for a quality customer experience, and understanding the competition and industry
- Being responsible for long term growth opportunities and risk identification, planning, communicating, and partnering with internal teams
- Demonstrating a deep understanding of Online retail tools and becoming advocates for tool enhancements
- Attracting talent and making the right hiring decision, setting goals, and resource planning for the team
- Visiting trade shows in the US and other countries as per process requirements
- Creating mechanisms to help on-board new talent to the organization by continuously building a network of talent inside and outside of the company
- Effectively coaching and giving feedback to direct reports to help develop talent and supporting career development
- Setting and balancing goals across the team to optimize performance against department goals and employee development
Desired Candidate Profile
What you need to have:- 10+ years of experience doing one of several roles: quantitative/financial analysis, retail buying, retail planning & allocation, product/project management, pricing, marketing, or e- commerce
- Strong understanding of category, product, and vendor performance
- Proficiency in Excel
- Proven analytical skills
- Proven negotiation skills
- Proven experience leading teams & cross-functional projects
- Influencing abilities and vendor management experience
- Ability to think and react in a high-energy, fast-paced environment
- Ability to operate simultaneously and effectively in both tactical and strategic modes
- A willingness to roll up sleeves to get things done
- Ability to work autonomously in a demanding and often ambiguous environment, with strong attention to detail and effective prioritization
- Preferably a valid US Visa
Position - Category Head
Location - Mumbai ( Remote for now)
We are looking for a Category Head to manage a group or category of products for our company. You will be the one responsible for the pricing and overall promotion of a product category to maximize consumer appeal. Relationships with vendors and product range management will also be part of your duties.
- An excellent category Head must have extensive experience in understanding consumer needs and the retail environment. They must have a commercial mindset and full comprehension of marketing and sales principles. Exceptional communication skills are also key for category Head.
- The goal is to increase sales and profitability of business to drive sustainable growth.
Role:
- Creating and developing a long-term plan and strategy for development of the category.
- Develop strong working relationships with buying, marketing and merchandising teams.
- End to end management of product i.e. from supplier to customer.
- P&L owner for the group of categories managed.
- Team Management: manage a team of Category Owners, Catalogue, and Vendor Acquisition resources. Develop and coach team.
- Manage Portfolio of Categories: New brand acquisition and pricing strategy, Managing product portfolio and inventory management. Shape long term portfolio expansion built on macro trends.
- Vendor management: vendor sourcing & management, vendor relationship management.
- Customer management: Managing key customer relationships, developing multiple channels, optimizing omni channel sales- through mix of online and offline sales.
- Marketing: Manages and optimizes marketing spends on the category group. Working closely with digital marketing team to optimize spends across different digital channels.
- Category Analytics: proficient in analytics to identify growth areas and execute