Product Research Associate jobs in Pune at Sarah International

Join an Export Company at BIBEWADI as a Product Research Associate. Your role entails online product scouting and procurement. FRESHERS WELCOME , NO prior experience necessary, just a sharp eye for detail . Come and become a valued member of our team.

Responsibilities:

1. **Market Analysis**: Thoroughly research and analyze the demand and supply dynamics for the product categories you're responsible for. Understand market trends, consumer preferences, and the competitive landscape to identify potential opportunities and challenges.

2. **Sourcing Strategy**: Develop a comprehensive sourcing strategy to establish partnerships with manufacturers or suppliers. Consider factors like product quality, production capacity, geographic location, and cost-effectiveness.

3. **Product Portfolio Management**: Gain in-depth knowledge of the product portfolio, including specifications, features, and variations. Understand the unique selling points of each product and its potential fit with client requirements.

4. **Price Analysis**: Conduct pricing analysis to determine competitive pricing for the products. Consider factors like production costs, market demand, and competitor pricing to ensure competitive yet profitable pricing.

5. **Supplier Evaluation**: Evaluate potential suppliers based on various criteria, such as product quality, reliability, delivery times, and financial stability. Perform supplier audits when necessary to ensure compliance with quality and ethical standards.

6. **Negotiations**: Engage in negotiations with suppliers to secure the best possible terms, including pricing, payment conditions, and delivery schedules. Building and maintaining strong supplier relationships is crucial for successful negotiations.

7. **Supplier Profiling**: Create comprehensive profiles for each selected supplier, detailing their strengths, capabilities, and areas of expertise. This information will aid the sales team in understanding the value proposition for each supplier.

8. **Quoting Process**: Prepare detailed quotes for clients, including product specifications, pricing, and terms and conditions. Ensure accuracy and clarity in the quotes to avoid misunderstandings and discrepancies.

9. **Price Waterfalls**: Develop price waterfalls that outline the cost breakdown of products, including manufacturing costs, shipping expenses, and other associated costs. This information will help the sales team understand the pricing structure and potential profit margins.