INDU VERMA
Ventura,CA
Summary
Resourceful Buyer and procurement professional specialized in market analysis, inventory management, and negotiation strategies. Exceptional communication, problem-solving, and adaptability skills drive seamless operations and foster strong vendor relationships.
Overview
5
5
years of professional experience
Work History
Assistant Buyer
Hyper City Retail India Ltd.
Mumbai, India
07.2010 - 04.2012
- Successfully oversaw operations and procurement for Home Linen & Furniture Category in 12 retail locations throughout India.
- Efficiently collaborated with internal departments including logistics, marketing, and finance.
- Developed comprehensive sales performance reports to be reviewed by management on a regular basis, highlighting key findings and trends.
- Conducted market research to identify additional supply sources for specific items or categories.
- Processed and verified accurate purchase orders before submission.
- Assisted in the selection and procurement of merchandise for store shelves.
- Collaborated with vendors to ensure timely delivery of products at competitive prices.
- Implemented inventory control measures such as cycle counting and stock rotation programs.
- Monitored stock levels to ensure adequate supply is available for purchase orders.
- Contributed to multiple operational aspects, including product management, buying, vendor identification, procurement, store allocation, and replenishment.
- Demonstrated expertise in seasonal planning, while collaborating with the company's in-house design studio, for effective promotional management and sales analysis.
- Conducted international sourcing for linen and furniture.
- Attended the world's largest furniture fair, Shanghai Fair, while visiting Yiwu local market mainly for bed linen and wall-floor covering range. Also attended local trade shows and industry conferences to establish contacts with new vendors.
- Communicated with international suppliers to select the entire season's range based on market trends and pricing for the Indian market.
- Planned and prepared OTB, managed buying and procurement/sourcing activities including vendor identification, evaluation, shortlisting, selection, registration and negotiation of trading terms as well as completion of other legalities for order finalization.
- Monitored inventory levels and ensured timely replenishment of merchandise.
- Executed comprehensive product planning to enhance store efficiency and maximize profitability.
- Implemented efficient inventory management system.
- Achieved and surpassed monthly sales volume goals, contributing to a 2% rise in overall net margin and exceeding the plan by 110%.
- Introduced unique initiatives like Furniture Festival and Special Dining Offers to drive sales.
- Promoted from Trader (Merchandiser) to Assistant Buyer within six months of joining the company.
- Reviewed inventory reports and monitored backorders to prioritize purchases based on customer demand.
- Analyzed customer feedback to identify areas of improvement in product selection process.
- Managed vendor accounts receivable payments ensuring timely payment according to established terms.
- Monitored product margins and managed product resales.
Buyer Cum Merchandiser
Addon Retail Pvt. Ltd.
Mumbai, India
07.2009 - 06.2010
- Worked as a Buyer cum Merchandiser for Men's Accessories
Buyer Cum Merchandiser
Welspun Retail Pvt. Ltd.
Mumbai, India
05.2007 - 06.2009
- Worked as Buyer cum Merchandiser for Bath category
- Handled 50 stores of North Region India.
Education
Masters in Fashion Management (M.F.techM.) - Fashion Management
National Institute of Fashion Technology (NIFT), Hyderabad
India06-2007
Bachelor of Science - Biology
Kanpur University
India05-2005
10+2 Level -
Central Board of Secondary Education(CBSE)
India06-2002
10th Level - High School
VSSM Inter College
06-2000
Skills
- Procurement planning
- Cost Control
- Demand forecasting
- Purchase Order Management
- Strategic Planning
- Materials sourcing
- Inventory Monitoring
- Pricing Analysis
- Vendor coordination
- Relationship Building
- Pricing knowledge
- Vendor Relations
- MS Office
- Number analysis
- SAP software
- Buying and Merchandising
- MMS
- Oracle PO module
- EPISYS Software
- E-Signage Creation
Timeline
Assistant Buyer
Hyper City Retail India Ltd.
07.2010 - 04.2012
Buyer Cum Merchandiser
Addon Retail Pvt. Ltd.
07.2009 - 06.2010
Buyer Cum Merchandiser
Welspun Retail Pvt. Ltd.
05.2007 - 06.2009
Masters in Fashion Management (M.F.techM.) - Fashion Management
National Institute of Fashion Technology (NIFT), Hyderabad
Bachelor of Science - Biology
Kanpur University
10+2 Level -
Central Board of Secondary Education(CBSE)
10th Level - High School
VSSM Inter College
Similar Profiles
Ravikant BadolaRavikant Badola
Store Manager at Inovative Retail Concept pvt LtdStore Manager at Inovative Retail Concept pvt Ltd
Kuldeep BattaKuldeep Batta
Business Unit Head at Reliance retail LtdBusiness Unit Head at Reliance retail Ltd
Naga BhoshiyaNaga Bhoshiya
Retail Store Manager at osia hyper retail limitedRetail Store Manager at osia hyper retail limited