About GMG
Gulf Marketing Group is one of the Middle East’s leading, family owned companies. Operating across the GCC, Gulf Marketing Group is a dynamic group boasting a diverse portfolio of retail outlets, brands and consumer and B2B services across key sectors such as healthcare and pharmaceuticals, sports and fitness, real estate, education and technology.About the role
The role holder is responsible for implementing and executing as per the strategic buying plans for the assigned brand/category. The role holder also ensures smooth buying operations through vendor identification, evaluation and selection, in compliance with the contract principles to achieve the strategic and financial objectives of the brand/category of products.Accountabilities
Core Responsibilities:- Analyzes historical data and current trends to identify current and future risks and opportunities
- Helps the business unit meet the profit targets by ensuring timely procurement of the department/category merchandise
- Assists in creating clear, comprehensive brand/category plans to ensure profitability by maintaining and building consumer focused brand/category lines
- Places orders with the selected vendor(s) based on the buying plans and ensures merchandise is delivered as per the plan based on the agreed service level agreement
- Recaps and analyzes actual sales results to plan and forecast in-season sales/inventories on weekly, monthly and quarterly basis to drive sales, bottom-line profitability and inventory targets to meet or exceed financial goals
- Prepares periodic reports on sales turnover and customer trends per product to arrive at decision to maintain, liquidate or dispose-off the stock, and-or continue/discontinue the product line
- Communicates, collates and follows-up on various product requirements and findings obtained from the sales/store data
- Identifies buying opportunities to source products and to ensure that Business maintains its competitive edge by constant renegotiation
- Maintains vendor contacts; ensures product demonstrations, procures product samples and literature in order to help the senior buyer take appropriate decision
- Executes as per the financial and credit services agreement with the vendor that maximizes profit and positively contributes to cash flow
- Tracks the merchandise transportation from supplier to warehouse/distribution center and ensure smooth flow of good
- Executes reverse logistics guidelines to send the faulty/damaged goods back to the vendor.
- Assist in generating periodic reports on consumer behavior, consumer trends per product etc. to facilitate decisions to maintain, liquidate or dispose-off products or continue/discontinue with the brand/category lines
People Management:
- Defines goals and key performance indicators for each member of the team and ensures effective implementation of the GMG's performance management process
- Develops talent within the team by providing guidance and coaching to achieve the defined goals Drives a culture of feedback and coaching in the Business Unit/ Department by providing feedback on an ongoing basis, identifying development needs and coaching the employees on the areas of improvement
- Bachelor’s degree in Business Management/Buying and Merchandising or its equivalent
- A minimum of 1-3 years of relevant experience as a product buyer with a large retail organization
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Additional skills
- Planning and Organizing
- Data Gathering and analysis
- MS Office and Tools Knowledge of ERP (relevant)
