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Job Description

Req ID : 1647305

Operational Excellence
• Formulate a suitable buying strategy, approach and plan in line with Brand and MAF Beauty 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 maximise 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.
• Manage brand portfolio for category, partner with planning to develop recommendations for brand portfolio adjustments (introduction/ discontinuations, increase/decrease) and space allocation per brand/ category, to maximize profit.
• Communicate launching pack, highlighting in particular any special styles bought, to the Marketing, Visual Merchandising teams, and Store Management.

Financial & Standards
• 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.
• Contribute and support the business in achieving the Dare Today, Change Tomorrow sustainability strategy.

Company Industry

Retail

Department / Functional Area

Buying / Purchase / Procurement / Vendor Management

Key Skills

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