Experience: 7 to 12 yrs. | Opening(s): 2
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 department/ category manager
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
Department Buying Budget & inflow patterns should be met month wise territory wise as per the budget schedule
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 literature 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
Place orders 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/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.
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. By studying we can analyse & make our buying better. Constant research on new products and develop the same with our existing suppliers.
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 department/ category manager
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
Department Buying Budget & inflow patterns should be met month wise territory wise as per the budget schedule
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 literature 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
Place orders 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/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.
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. By studying we can analyse & make our buying better. Constant research on new products and develop the same with our existing suppliers.
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