At Dreams, we know your bed is the best place in the whole world. But for the hours between precious sleep, we’d like to make work a special place to be too. We’re the UK’s most loved bed retailer, so it’s important our people feel the love as well. There’s over 250 of us at our affectionally named 'Bedquarters' in High Wycombe, Buckinghamshire, where every dreamer makes a difference.
We’re super passionate about our people-first culture, which means we like to keep things simple and celebrate every success, big or small! From a payday treats trolley to charity fundraisers and all-staff lunches, we know we do it best when we do it together.
And together we’ve been making bedtimes better since 1985, with no signs of hitting the snooze button. We’re owned by the world’s largest bedding provider, Tempur Sealy, and have our very own Bed Factory right here in the UK. You’ll even get a guided tour when you join and that’s part of our mission to get you fully bed-ucated during your induction.
With over 200 stores nationwide, 6 central warehouses and 12 delivery centres, we sell 14,000 mattresses, bases and headboards every single week. Now that’s a lot of Zzzs.
So if you’re bonkers about bed, silly for siestas and keen on your kip, we think Dreams could be the perfect place for you.
Dreams. Love your job.
We’re looking for a new Buyer to join our Commercial team based in Loudwater, Buckinghamshire. In this role, you will have responsibility for selecting, purchasing and developing new products for all channels. This includes analysing market trends, negotiating with suppliers, supporting stock management and working closely with the merchandising team on store range plans.
Ready to skip the snooze button and get stuck in? Here’s a taste of what you’ll be doing day-to-day:
KPI’s:
1. Work toward and support the category and business deliver sales, stock and margin targets
2. Develop and source high quality, innovative and inspirational products that surprise and delight customers whilst delivering against key KPI’s
3. Manage buying process including working to stock and margin targets, critical path management ensuring stock is ordered and delivered on time
4. Develop supplier contracts with YOY improvements to trading terms
5. Define supplier strategy & key supplier negotiations to improve Dreams net terms; intake cost price, payment days, rebate, OTIF and returns agreements
Reporting:
1. Use competitor and customer insight to shape and define future product strategies
2. Review and analyse range plans to reflect changing trends, new product development and customer insight
3. Have full understanding of own area performance and how it fits in context with the Dreams business
Core duties:
1. Help develop product and packaging innovation, ensure compliance with channel requirements
2. Work and support international and domestic sourcing strategies buying the right products from the right suppliers
3. Accountable for the product set-up process to ensure accuracy in all Dreams Systems and protect launch dates
4. Work with the Quality team to redesign products with unacceptable return rates, poor customer reviews and/or unsatisfactory quality
5. Support the Commercial Income process, working with Finance to ensure accruals are booked into accounts only on receipt and validation of the supplier confirmations/agreements and all payments are made by the supplier on time; manage the process to ensure all signed terms agreements, accruals and invoice back-ups are sent to finance team
6. Negotiate and secure exclusive products and promotions to differentiate the Dreams offer from that of our core competition
Management duties:
1. Determine the critical path and timelines to achieve the strategy and launch dates
2. Develop and support direct reports through regular one to one and formal appraisal processes
3. Ensure every Dreams supplier operates under a formal Terms Document outlining key trading terms
4. Ensure activities meet and comply with organisational and legal requirements for Health and Safety and general care
5. Ensure compliance with procurement regulations and internal policies
6. Speak with authority, using ideas and strategies that are based on fact and commercial acumen
7. Seek Buying Director sign-off for all new suppliers, and lead the team to ensure the correct set-up process is followed
8. React positively to change, understanding plans are based on the best estimate at that time
Daily duties:
1. Vendor management
2. Critical path management
3. Support direct reports in delivering against NPD plan
4. Ensure all information and prices are accurate on all systems
5. Work in partnership with suppliers to resolve supply problems fairly to land range on time, seeking to protect sales and profit if they have been adversely impacted
6. Work closely with merchandiser to develop the sourcing strategy to maximise sales opportunities and net cash profit potential whilst minimising markdown spend across retail, web, and telesales channels
Monthly duties:
1. Keep up-to-date with external impacts by reading financial and trade press and competitor reviews; assimilate the significance to the Category
2. Regular negotiations with suppliers to secure favorable terms and conditions
Who Is the customer? How do you support?
1. Deliver products that meet our customer’s needs and builds brand value across all sales channels. Embracing innovation and necessary change to drive the range forward, minimising unnecessary changes to range
2. Ensure Dreams maintains exclusive products and promotions to differentiate the Dreams offer from that of our core competition
3. Collaborate with suppliers and marketing to deliver customer-focused events in line with the trade planning calendar
Cross functional relationships:
1. Work cross category and cross functionally
2. Support Retail and Marketing teams with complementary third-party promotions and colleague training programs
Stakeholder management:
1. Work closely with merchandising team on a rolling range review calendar and trade plan
2. Work closely with Dreams Quality function to always support delivery of high quality ethically sourced product
3. Collaborate with and support other business functions to help delivery of product NPD, communicating clearly at all times
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