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Lals Group LLC is seeking a seasoned professional for Buying Budget and Planning, Product Research, and Strategic Sourcing. The role focuses on identifying growth opportunities, managing category budgets with the planning team, and ensuring strong vendor relationships and quality standards.
Responsibilities span product development, range definition, in-store marketing communication, and performance analysis to maximize profitability.
Support Sr Buyer with the strategies to develop the category identifying opportunities for growth Manage the category budget with Planning team with the objective of maximizing sales and profits
Keep abreast of the latest trends through market visits and trade shows Gather insights from data and store feedback for informed buying decisions Also GCC customer preferences relevant GCC product trends seasonal launches majlis styling gifting Ramadan Eid wedding registry
design and development activities to ensure they are in line with market demands and company brand positioning Define range and influence in-store VM and marketing communication
Initiate cost reduction measures through centralized buying and selecting the appropriate vendor mix Build strong long-term relationships with key vendors globally and ensure best cost prices and quality Identify and onboard competitive suppliers local International Maintain strong vendor scorecards quality delivery compliance
Collaborate with the coordinators shipping warehousing and planning team on demand estimation order placement adequate newness reordering of core lines and supplier follow up
Review of product sales periodically to ensure profit maximization Analyze weekly performance at the category and business unit level and take in-season action to optimize sales
Ensure all procured merchandise meets the highest quality standards set by the company
Graduation/ Post-Graduation degree/MBA preferred. (Also NIFT ,NID , PEARL)Minimum 6+ years of total experience with 3+ years in a buying role in relevant categoriesStrong negotiation and relationship management skills.Excel and Microsoft power point proficiencyProven financial and business acumen, with full integrity.