Buyer - Cosmetics- Landmark Group, Dubai, UAE
POSITION OBJECTIVE
The job holder will be responsible for developing strategic buying plans in consultation with the Functional head/ Senior Buyer for the assigned department/ category. The job holder will also ensure smooth buying operations through vendor identification, evaluation and selection, in compliance with the contract principles to achieve the strategic and financial objectives of the concept.
Key Responsibilities
1.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 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
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
2.Category/ Brand Management
Ensure growth in the sales and gross margins for the assigned categories/ brands by driving focus on individual categories/ brands
Assist Functional head in planning 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
2.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
3.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
4.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.
5.Inventory Management
Review and analyze stock / sales reports on daily basis and understand the top sellers in each department / category / group.
Work with merchandise planners to monitor inventory and ensuring sufficient stock holdings for each product / category / group / department.
Review all GRNs after 45 days and taking a decision of reorder / review date.
To monitor the stock at Central Warehouse at Jebel Ali if any.
Effectively deal with fast / slow moving items / ranges and end of ranges and take corrective action on timely basis.
6. Merchandising Standards
To constantly monitor the stores and to ensure that the planogram given is implemented strictly.
To periodically visit the market and survey competitors for new / better ideas for merchandising and to bring about improvement in the merchandising standards.
Conducting competitor analysis and market review on periodic basis to understand the trends and to develop products in tune with the same.
7.Competitor Survey (R&D)
To visit our competitors who carry same range of products, study their designs, color, price & compare with Lifestyle products.
Constant research on new products and develop the same with our existing suppliers
8.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
9.People Management
Retain and engage the talent employed and build a collaborative and high performance team
Enhance team productivity through skills development through coaching and training
Support functional head in ensuring that the objective periodic administration of the performance appraisal process followed by monitoring of feedback implementation for the team
Apply Here:
https://landmarkgroup.taleo.net/careersection/ex/jobdetail.ftl?job=21000607&lang=en
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