Assistant Buyer

POSITION OBJECTIVE

To maximize sales by sourcing the right product at the right time at the right
price. To maximize the margin on the product by pricing the product as per the
concept guidelines and monitoring price revisions. To allocate the right stock
of territories and ensure allocation of right quantity to the store. To
prepare the buying plan and to match the inflow of the stock in line with the
budgeted inflow and to incorporate new ideas and new ranges into concept.

Key Responsibilities:
Planning of Buying Calendars & Events

Understand the Buying Calendar and the process of planning for a season.

Understand the various suppliers and to learn about all buying fairs.

To assist in planning the buying calendar in line with Inflow Pattern and the
Event Calendar of the Stores.

To monitor the order status and inventory levels on regular basis and to take
proactive action for any supplier / category / range / product based on actual
inflow and sales pattern.

To review the distribution of orders on all times and based on the sales rate
and the budgets Revise distribution wherever required.

To monitor the Budget Order; Order GRN; Inflow pattern Reports on weekly basis
and ensure discrepancies are reported promptly to Finance

Margin Achievement

To understand the mechanism of margin / pricing / markup and costing relevant
for each supplier and

Each territory in the department handled.

To assist the Buyer in fixing the Retail Selling Price in line with the
Concept Overall Margin Target and

The specific target for each territory.

To review the pricing as generated from the Pricing Module and do the
necessary currency correction

Based on the local currency of each territory.

Sales Achievement

Understanding the sales pattern of each store / territory and influencing the
increase of sales in each store / territory.

Participate in the review of the Sales Projection along with the Buyer Retail,
Finance Team. Review the performance of a product / category / range /
supplier / department on periodic basis and to monitor stock levels.

Monitor the reorders based on the sales and revise / optimize allocation
accordingly.

Product Review, Design & Development

To understand the department, group, sub-group, category / range used in the
company and the principle behind the classification of the products in these.

To understand the design element and the signature of the product in the
department and to know the taste of the customer.

To review samples in line with the guideline within ‎3 days of receipt and to
maintain list of all catalogues / photographs

To maintain the data base of the images of products on the server as per the
correct protocol.

Vendor Development

To understand the supplier relationship in the organization and the correct
manner of addressing the issues with the suppliers.

To maintain and develop the relationship with suppliers and to communicate in
a very professional and prompt manner.

To consider suppliers as partners in growth and ensure their growth and
development along with our growth.

To assist the suppliers with all necessary assistance in ensuring timely
delivery of goods understanding of orders, understanding of shipment terms /
LC terms / marking requirements, etc.

Inventory Management

Review and analyze stock / sales reports on daily basis and understand the top
sellers in each department / category / group.

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

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

Competitor Survey (R&D;)

To visit our competitors who carry same range of products, study their
designs, color, price & compare with Lifestyle products. By studying we can
analyse & make our buying better. Constant research on new products and
develop the same with our existing suppliers

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: Jan ‎5, ‎2023, ‎1:42:‎14 AM