Senior Buyer

Majid Al Futtaim; Dubai; On-site; AED 240,000 - 320,000; Full time

Benefits offered by this job

Great moments culture

Friendly work environment

Global colleagues

Job summary

Majid Al Futtaim Lifestyle is seeking a Senior Buyer to source and buy at optimum cost, quality and availability, building a commercially viable merchandise range that meets customer needs. The Senior Buyer will support defining long-term growth opportunities and risk areas for brand assortment, ranging, inventory and margins.

You will lead vendor negotiations, manage stock to reduce lost sales, and ensure the OTB is built by store, category and subcategory while contributing to annual business

Qualifications

• 4-5 years in a senior Merchandising role.
• Experience in a retail environment is mandatory.
• A Bachelor's Degree, preferably in Fashion, Marketing or related field.
• Qualification in Retail Management / Purchasing or related subjects.

Responsibilities

• Formulate a suitable buying strategy, approach and plan in line with Brand and MAF Lifestyle guidelines.
• Direct and manage vendor sourcing/development, contract negotiation, purchasing, liaising with supply chain and warehouse for optimum efficiency.
• Ensure profitable product ranges are developed and bought to maximize profit and sales.
• Build the Open-To-Buy (OTB) by store, category and subcategory.
• Manage stock with GM to reduce lost sales and balance product mix.
• Contribute to annual business plans, budgets and buying strategies, monitor performance and take corrective action within financial targets.
• Achieve set financial targets related to buying activities, margins, sell-through and markdowns.
• Negotiate product pricing, shipment costs and payment terms with local vendors.
• Maintain profitable supplier relationships and monitor contractual adherence.
• Stay abreast of customer trends to align buying decisions with customer preferences.

Skills

Retail merchandising

Vendor negotiations

Stock management

Budgeting

Market trend analysis

Education

Bachelor's degree in Fashion/Marketing or related field

Retail Management / Purchasing qualification

Job description

Majid Al Futtaim Holding is the leading shopping mall, retail, communities, entertainment developer and operator in the Middle East, North Africa, and Central Asia regions. With over 43,000 people, revenues of over US$ 11 Billion, and operations in 18 countries. Some of the iconic brands we carry include Mall of the Emirates, Carrefour, All Saints, Lego, City Center, Abercrombie & Fitch, & Vox Cinemas. We believe in making Great Moments for Everyone, Every day.

JOB TITLE

Senior Buyer | Majid Al Futtaim Lifestyle | Buying

ROLE SUMMARY

The Senior Buyer is responsible for sourcing and buying at optimum cost, quality and availability, product ranges that meet customer needs thereby maximizing profits and providing a commercially viable range of merchandise for MAF Lifestyle business. The Senior Buyer will be responsible for supporting the General Manager – Planning & Merchandising in defining and presenting short and long-term strategic approaches, future growth opportunities and areas of risk for the business with regards to brand assortment, ranging, products, positioning inventory and margins.

ROLE PROFILE

• Formulate a suitable buying strategy, approach and plan in line with Brand and MAF Lifestyle guidelines.
• Direct and manage various functional aspects of vendor sourcing/ development, contract negotiation, purchasing, liaising with supply chain and warehouse to ensure optimum efficiency & performance of the function.
• Ensure that commercial, yet profitable product ranges are developed and bought in order to maximize profit and sales.
• Ensure the OTB is built up by store, category and subcategory.
• Manage and control, in conjunction with the GM, all aspects of stock to achieve reduced lost sales, improved buying and balanced product mix through careful and rigorous buying.
• Contribute to development of annual business plans, associated budgets and buying strategies, monitor performance against this, initiating corrective action where necessary to ensure operations are conducted within the agreed financial parameters and targets are achieved.
• Responsible for achieving set financial targets in relation to all buying activities, OTB, margins, sell thru and markdowns.
• Negotiate product pricing, cost of shipment and payment terms, intake margin and terms with local vendors, taking into consideration business and cost effectiveness as the main consideration.
• Maintain profitable relationships with existing suppliers and monitor adherence to all contractual terms.
• Stay abreast of customer trends, demographic shifts and other influences to ensure buying decisions closely relate to customer preferences contributing to the customer experience.
• Conduct fashion trends and product training of new launches / seasons to the store teams as and when required.

REQUIREMENTS

• 4-5 years in a senior Merchandising role
• Experience in a retail background is mandatory
• A Bachelors’ Degree, preferably in Fashion, Marketing or related field
• Qualification in Retail Management / Purchasing / Sales or related subjects

WHAT WE OFFER

• At Majid Al Futtaim, we’re on a mission to create great moments, to spread happiness, to build, experiences that stay in our memories for a lifetime. We’re proud to say that over the past 27 years, we have built a reputation as a regional market leader in what we do. Join us!
• Work in a friendly environment, where everyone shares positive vibes and excited about our future.
• Work with over 45,000 diverse and talented colleagues, all guided by our Leadership Model.