Buyer at Moniepoint Inc.

Role Overview

• As a Buyer, you will be responsible for sourcing, negotiating, and managing vendor relationships with manufacturers and distributors. 
• You will drive strategic purchasing decisions that align with sales trends, working capital constraints, and margin goals. 

Key Responsibilities
Vendor Management:

• Identify, evaluate, and onboard a wide network of manufacturers, brand owners, and distributors.
• Build strong vendor partnerships to unlock better pricing, payment terms, and long-term collaboration.
• Negotiate contracts covering supply, delivery, returns, expiry handling, credit terms, and rebates.

Strategic Buying & Demand Planning:

• Collaborate with sales and data teams for product selection, demand forecasting, and replenishment planning.
• Implement automated reordering models based on historical sales and seasonality.
• Ensure optimal inventory availability while minimizing overstock and working capital impact.

Commercial Optimization:

• Drive profitability by maximizing margins and backend incentives like volume rebates, slotting fees, and co-marketing support.
• Set pricing structures in collaboration with finance and marketing teams.
• Constantly benchmark suppliers for cost competitiveness.

Catalogue & Assortment Management:

• Develop and manage product catalogs, ensuring high quality, accurate SKUs, and categorization.
• Expand assortment based on customer insights, regional trends, and whitespace opportunities.
• Remove underperforming SKUs and manage lifecycle planning of products.

Compliance, Audit & Risk Management:

• Ensure all supplier transactions comply with statutory, audit, and tax standards.
• Manage risk with diversified sourcing, credit vetting, and legal contracts.
• Monitor supplier performance via SLAs and implement penalties for non-compliance.

Budgeting & Financial Stewardship:

• Plan procurement budgets and align with finance to ensure discipline in working capital usage.
• Track purchase spends, forecast cash flow impact, and analyze purchase-to-sales ratios.

Cross-Functional Collaboration:

• Coordinate closely with warehouse, logistics, marketing, finance, and product teams to ensure seamless execution.
• Support launch of new geographies by activating local vendor networks.
• Feed procurement data into systems for end-to-end visibility.

Tech & Reporting:

• Maintain and update purchase dashboards, vendor performance reports, and price fluctuation trackers.
• Leverage tools like ERP, BI dashboards, and procurement software to automate buying workflows.

Qualifications & Requirements

• Candidates should possess a Bachelor's degree in Business, Supply Chain, or related field. MBA is a plus.
• 6+ years of experience in procurement, buying, merchandising, or sourcing roles; B2B, FMCG, or e-commerce experience preferred.
• Strong negotiation and commercial acumen.
• Deep knowledge of tax, compliance, contracts, and vendor management.
• Proficiency in Excel and familiarity with ERP tools.