Business Manager
2 weeks ago
POSITION DESCRIPTION DOCUMENT
BASIC INFORMATION
Position Title
Business Manager - Kidswear Boys
Job Family
Buying & Merchandising
Function / Department
Buying
POSITION DETAILS
To be filled up as per the requirement of the business / unit / function / concept / territory
Grade
Reporting To
Buying Head
Corporate/Concept/Territory
Concept
Concept Name
(If Applicable)
Max Fashions
LOCATION DETAILS
Please mention the correct office location of the position selected above and fill in the other geographic details
Base Location (City)
Dubai
Country
UAE
POSITION OBJECTIVE
The job holder will be responsible for developing product strategy and strategic buying plans for delivering the sales & profit targets for the assigned group/department. The job holder will also be responsible for ensuring smooth buying operations through vendor identification, evaluation and selection, in compliance with the contract principles, as well as effective people management to achieve the strategic and financial objectives of the group/department
DO — Key Responsibilities
1.
Product development & Range building
Build & communicate product (multi-product) strategy per season and long-term
Build Strong understanding of trend & customer with an ability to commercially adapt the fashion for fast turn-around
Improve department efficiency by proactively taking measures to reduce time, cost, identify & resolve issues
Working with planning, design, marketing E-commerce, VM, sourcing, quality and retail teams to ensure right product, at right time, in right quantity and in right store is placed in the most effective manner.
Liaising with Apparel/non-apparel teams to ensure a wholistic and coherent product proposition for customers
Overseeing the range plan for ensuring relevance and cost effectiveness
2.
Buying Budget and Planning
Determine buying requirements and formulate buying plan and budget for the assigned department/category
Align the buying plan to the overall department/category business plan and the merchandize strategy as laid down by the function head
Responsible for sales & profit targets by ensuring timely procurement of merchandise & effective stock control (through working closely with planning/logistics/retail/sourcing on budgeting, mark-down,In take margin, OTB management, in-store, etc)
Ensuring that entire buying strategy is as per the buying budget with approporiate phasing and coherent with size of the buying
Responsible for entire Critical path process management starting from Merchandise strategy meetings to order placement to ensure quality and timeliness of all Critical path milestones
3.
Order & Vendor Management
Build and maintain relationships with vendors and suppliers and negotiate the best deals with them for procuring merchandise
Maintain contact with vendors; update list of vendors for bidding purposes; attend product demonstrations, obtain samples and literature regarding potential products and vendor capabilities and confer with end users
Pursue cost reduction measures through centralized bulk buying and/ or selecting appropriate vendor mix, scanning the environment for benchmarks and constantly improving the purchase process
Provide inputs to sourcing department for group/department sourcing strategy
Ensure department compliance to product requirement, company processes etc in collaboration with sourcing
Ensure critical path milestones are met & reduce exceptions
4.
Market Research and Competitor Benchmarking
Conduct regular store visits in own stores across territories for feedback and in competiition stores in our markets to benchmark product range, quality and pricing.
Gather information from Industry trade groups or through trade shows/market visits
Drive better customer understanding through store/online surveys, focus group meetings & loyalty program analysis
5
People Management
Develop and grow talent within Department and Support team by providing consistent direction and support to achieve stretch targets and take leadership positions
Retain and engage the talent employed and build a collaborative and high performance team
Enhance team productivity through recognition,skills development and coaching
Ensure objective periodic administration of the performance appraisal process followed by monitoring of feedback implementation for the team
DISPLAY
QUALIFICATION
Basic Qualification / Education / Vocational Training
Bachelor's Degree/Post graduation in Fashion Designing/ têxtile engineering/ Economics or MBA
EXPERIENCE
Minimum Experience
14-16 years of experience in retail industry and minimum 2-4 years in a similar role. Experience in purchasing and importing products from far eastern regions is an advantage
COMPETECIES
Skills and Capabilities
**Must Have**:
Strong product knowledge in related category/department
Strong customer and trend understanding
Advanced retail analytical skills
Strong sourcing and range building skills
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