Buyer

Lifestyle

POSITION DESCRIPTION DOCUMENT

BASIC INFORMATION

Position Title

Buyer

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

Qualifications

...

Primary Location: AE-AE-United Arab Emirates
Work location/ موقع العمل: Landmark Tower-Dubai LMI Jafza Warehouse, Plot
No. S210204, Dubai25030 ‎25030
Job: Buying
Organization: Lifestyle Concept
Schedule label /الجدول الزمني: Regular
Shift: Standard
Job Type: Full-time
Day Job
Job Posting/نشر تسمية الوظيفة: May ‎27, ‎2022, ‎6:48:‎38 AM