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

• 3 - 5 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.
• Bachelor's degree in Business, Supply Chain, or related field. MBA is a plus.