Assistant Buyer Dubai Full Time Posted 7 hours ago

Full Time
* Dubai
* Posted ‎7 hours ago

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.