Buyer
Job Description
Buyer | Retail | ACE Hardware
Location: Dubai, AE
Company: Al Futtaim Private Company LLC
Job Requisition ID: 166554
Overview of the role
- The Buyer is responsible for achieving all the goals & targets relating to merchandise, including range planning, assortment, pricing, gross margins, and promotional strategies.
- Collaboration with Category Head and other Product Managers to achieve business goals.
What you will do
Range Selection:
- Adhere to the merchandise planning principle “think/plan/buy/move and sell.”
- Follow the good/better/best principle for merchandise assortments.
- Set product category range priorities in alignment with the overall merchandise strategy.
- Stay updated on local market conditions and customer buying habits for informed range selection.
- Ensure 96% in-store product availability on key lines.
Product Forecast and Merchandise Management:
- Maintain communication with regional warehouses concerning product forecasts.
- Adapt sales forecasts to optimize goods flow.
- Monitor merchandise performance and identify opportunities for promotions.
- Ensure timely introduction of new products while managing aged stock.
Gross Margin Management:
- Set pricing strategy for the ACE category range and ensure compliance with profit goals.
- Evaluate pricing prior to seasons to meet market conditions.
Supply Chain Management:
- Collaborate with Demand Planning to develop supply chain operations.
- Optimize the ordering process and maintain stock as per business requirements.
Supplier/Vendor Management:
- Set budget goals and evaluate supplier capability.
- Negotiate trading terms and agreements with approved suppliers.
Business Development:
- Participate in merchandise assortment plans through market analysis and compliance studies.
System Development & Coordination:
- Develop system processes related to buying and supply chain elements of SAP.
- Coordinate with marketing to ensure product availability aligns with schedules.
Required skills to be successful
- Strong skills in planning, organization, negotiation, and supply chain management.
- High market awareness, analytical ability, decision-making, and teamwork skills.
What equips you for the role
- Education: Graduate degree in Commerce, Economics, or Business Administration.
- Experience: 1-3 years in buying or category management, preferably in DIY/Home improvement.
