For our client, a leading retailer based in the Middle East, operating in 21 countries, we are looking for the position as a Buyer. The company is currently 43 brands strong across all categories. The job holder will be responsible for creating & implementing buying and product strategy and tactical plans for assigned department(s) by ensuring that the department(s) purchase reflects the retail trends at best commercial value, thereby ensuring delivery of sales and profit targets for the department. The job holder will also be responsible for ensuring smooth buying operations through effective product planning, negotiation with suppliers, adequate stock management as well as effective team management for enabling the strategic goals of the department.
Specific to the role
Product Development & Range Building
Build and communicate product (department(s)) strategy per season.
Have good understanding of trend and customer and convert the same into commercial product.
Ownership of the process of creating the range direction, selection and final sign off.
Responsible for negotiating the price and ensuring delivery arrangements with Suppliers/Vendors within a set budget.
Maintain an extensive level of communication with design, planning, retail, sourcing, Quality and E-comm teams for the process of range direction and selection.
Maintain a good retail interface with territories on stock management and solicit regular product feedback.
Liaise with marketing team for effective product & social media campaigns.
Liaising with Apparel/non-apparel teams to ensure a wholistic and coherent product proposition for customers.
Buying Budget and Planning
Deliver the sales and profit targets for the department.
Determine the buying requirements and formulates the buying plan along with planning as per budget for the assigned category, based on the analysis of the historical trends and future forecasts.
Actively participate in implementing the buying strategy along with business manager.
Improve department efficiency on turnaround time and cost.
Order & Vendor Management
Identify and shortlist potential vendors as partners and negotiating the cost in line with desired level of margins.
Assure pre-production quality check is executed in a timely manner with quality control manager collaboration.
Critical path management from merch direction to final stock received.
Provide inputs to sourcing department for sourcing strategy for the department.
Ensure constant cost reduction measures through centralized bulk buying and/ or selecting appropriate vendor mix.
Review of shipment tracking, PLM and product approvals.
Market Research & Competitor Benchmarking
Conduct periodic store visits along with business manager to collect feedback from the stores and about competition to benchmark product range, quality and pricing.
Gather information on fashion trends through trade shows/inspirational trips and utilize the same in building competitive product proposition.
People Management
Develop successors for subsequent roles through effective implementation of individual development plans.
Motivating and retaining the team through effective performance management, recognition and development to ensure a performance based winning culture.
Guiding team and ensuring that PLM and other business process are adhered to.
Employee Benefits
Develop yourself further with us. We support your personal and professional development.
Attractive salary package
Good teamwork environment
Very international surrounding
Flexible working hours
Requirements
Bachelor’s Degree, Post-graduation in Fashion Designing/ textile engineering/ Economics or MBA
6-10 years of experience in retail industry and 2-4 years in similar role.
Experience in purchasing and importing products from far eastern regions is an advantage.
Strong Product knowledge in related category/department.
Strong trend and customer understanding.
Advanced retail analytical skills.
Strong sourcing and range building skills.
Strong influencer and communicator with ability to interact within team and with multiple stakeholders across functions.
Negotiation and vendor management skills.
Innovative & critical thinking ability.
Ability to adapt to change and strategic thinking.
Ability to coach and guide team on goals, performance and growth.
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