Buyer

2 months ago

UAE, United Arab Emirates Lifestyle Concept Full time

**Key Responsibilities**:
Buying Budget and Planning
Determine Strategies and develop the category, identifying opportunities and build the category on growth pillars
Align the buying plan to the overall department/ category - business plan and the merchandize strategy as laid down by the Functional head
Manage the category/ brand management with the objective of maximizing sales and profits
Help meet the profit targets by ensuring timely procurement of the department/ category Merchandise
Initiate and follow cost reduction measures through centralized bulk buying and/ or selecting appropriate vendor mix, scanning the environment for benchmarks and constantly improving the purchase process
Category/ Brand Management
Ensure growth in the sales and gross margins for the assigned categories/ brands by driving focus on individual categories/ brands by leading the category
Plan the buying budget for the category/ brand
Assist the Functional head in overseeing overall category/ brand plans in the areas of pricing, promotion, assortment and allocation for each category/ brand
Assist the Functional head in reviewing the performance of category/ brand business plans by using appropriate scorecard for measuring category/ brand performance
Ensure collaboration between category/ brand managers to leverage efficiencies in procurement, transportation, warehousing and store operations
Maintain relationships with key vendors who are critical for the long-term success of the business
Vendor Management
Develop an adequate vendor base for the concept through active scouting and negotiation / renegotiation
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 brochures regarding potential products and vendor capabilities and confer with end users
Identify, evaluate and select appropriate vendor mix to achieve business objectives
Order Management
Work with the planning team on demand estimation and ordering based on the buying plan and ensure merchandise is delivered as per the plan based on the agreed service level agreement
Implement financial and credit services agreement with the vendor that maximize profit and positively contribute to cash flow
Track the merchandise transportation from supplier to landmark distribution centre and ensure smooth flow of goods
Follow the reverse logistics guidelines to send the faulty / damaged goods back to the vendor
Vendor and Product Research
Identify and leverage alternate buying opportunities to source products and to ensure that company maintains its competitive edge by constant renegotiation
Ensure effective communication, collation and follow-up on various product requirements and findings obtained from the sales/store data
Keep abreast of the latest trends in buying and discuss the same with the Department Head/ Category Manager from time to time to assess realignment of existing processes
Gather information from Industry trade groups or through trade shows/market visits.
Perform territory visits (Multiple GCC locations)
Merchandise Planning
Supervise the merchandise planning process and all other parameters used for merchandise analytics
Coordinate with Planning team for merchandise requirements by setting sourcing triggers based on actual sales, sales forecasts, company order parameters, inventory checks, forth coming events, replenishment needs etc.
Discuss, decide and freeze the merchandise plans(pricing, promotion and assortment) and ensure effective in season management
Review the merchandise plans on a periodic basis to ensure profit is maximized and maintained to reach target levels
Quality Control
Manage formulation of the quality control process steps and manual.
Ensure the merchandise procured and received meets the quality standards set by Lifestyle
People Management
Develop talent within the 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 skills development through coaching and training
Ensure objective periodic administration of the performance appraisal process followed by monitoring of feedback implementation for the team
Buyer
Basic Qualification / Education / Vocational Training
Graduate/PG degree in Fashion
Advanced Qualification / Certification / Specialist Training
NA
Minimum Experience
7+ Years of total experience in Retail buying
Specific / Relevant Experience
Experience in ladies handbags will be preferred
Skills and Capabilities
Brand Positioning
1.Buying Budgets & Vendor Management
2.Product Development & Research
3.Financial & Business Acumen
4.Negotiation Skills
5.Attention to Detail
6.Relationship Management
7.Planning & Execution Abilities
8.Team Player & Leadership Skills
9.Stak

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