Luxury Procurement Specialist
Job Overview:
As a Luxury Procurement Specialist in our dynamic business, you will play a pivotal role in acquiring and overseeing international agreements with suppliers and strategic partners, aligning with our branding strategy. Your responsibilities will encompass strategy development, relationship management, luxury product sourcing, market trend analysis, and negotiation of contracts, while actively participating in procurement transformations. You will work closely with suppliers, manufacturers, and cross-functional teams to ensure we deliver premium products to our discerning clientele, aimed at enhancing our supply chain and sustainability efforts. With your keen insight into market trends and extensive experience, you'll cultivate and strengthen our brand partnerships. This role also includes international travel during the Buying season to solidify and expand our brand connections.
Key Responsibilities :
1. Supplier Relationship Management: Build and maintain strong relationships with luxury product suppliers and manufacturers to ensure reliable and consistent procurement.
2. Product Sourcing: Identify and source premium and luxury products that align with our brand values and market demands.
3. Market Research & Trend Analysis: Stay ahead of industry trends by conducting in-depth market research to inform product selection and procurement strategies.
4. Negotiation & Cost Management: Lead negotiations with suppliers to secure favourable terms, pricing, and exclusive deals for luxury products.
5. Inventory Optimisation: Work closely with the logistics and operations teams to optimise inventory levels, ensuring timely product availability while minimising costs.
6. Quality Assurance: Ensure all products meet the highest quality standards and comply with relevant regulations and certifications.
7. Strategic Partnerships: Collaborate with internal teams to drive growth through strategic partnerships and product expansion initiatives.
Key Capabilities :
- At least 5 years experience in related field
- Excellent negotiation and communication skills
- Ability to work in a fast-paced, dynamic environment with a results-oriented mindset
- Strong analytical skills with the ability to interpret market data and make informed decisions
- Proven experience in luxury procurement, including assisting in the acquisition of over £10 million worth of luxury items in previous roles
Working Hours: 40 hours per week, Monday to Friday (8:30 – 5:30), 1-hour lunch break
Holidays: 20 days a year plus bank holidays
Job Type: Full-time
Salary Range: £38,000 - £100,000 annually
Salary based on skills and experience. Bonus scheme, with a definite 6-month bonus (every June and December)
Must wear formal office attire (uniform allowance £800 per year)
Personal phones must not be used for any purpose during working hours, only allowed to be used during lunchtime (no snacking during the working hours)