Retail Buyer
Talentmate
United Arab Emirates
AED 8000 to 10000
17th September 2023
2309-1-548
Job Description
As a Retail Buyer, your primary responsibility will be to source and procure merchandise for a retail establishment. You will be responsible for selecting the right products, negotiating with suppliers, and ensuring that the retail store maintains a profitable and attractive product assortment. Your role involves staying updated with market trends, understanding customer preferences, and making data-driven decisions to drive sales and enhance the retail business's overall profitability.
Responsibilities:
- Identifying customer preferences and forecasting consumer trends
- Evaluating supplier options according to prices, quality etc. and determining the best choices
- Discovering and purchasing new products and checking the quality and popularity of those already on our shelves
- Conduct market research to identify current and emerging trends in the retail industry.
- Analyze sales data, customer preferences, and historical buying patterns to make informed decisions about the product assortment.
- Select and curate merchandise that aligns with the store's target market and brand image.
- Identify potential suppliers and build strong relationships with them.
- Negotiate pricing, terms, and conditions with suppliers to secure favourable deals and ensure competitive product costs.
- Manage supplier performance and address any issues or discrepancies promptly.
- Monitor and control inventory levels to optimize stock levels and minimize overstock or stockouts.
- Forecast demand and plan inventory replenishment to meet customer needs.
- Set pricing strategies that balance customer demand, market trends, and profitability goals.
- Monitor product performance and adjust prices as needed to maximize revenue and margin.
- Ensure that all purchased products meet quality standards and comply with relevant regulations and safety requirements.
- Conduct quality checks and inspections as needed.
- Plan for seasonal changes and promotional events, ensuring that the product assortment is relevant and appealing to customers.
- Collaborate with the marketing team to support promotional campaigns.
- Analyze sales data, inventory turnover, and product performance to identify opportunities and areas for improvement.
- Prepare regular reports on sales, inventory, and buying activities for management review.
- Attend trade shows and supplier visits to discover new products and suppliers, and to stay updated with industry trends.
Requirements
- Bachelor's degree in Business, Marketing, Retail Management, or a related field is preferred.
- Proven experience as a Retail Buyer or in a similar role, with a track record of successful buying decisions.
- Deep knowledge of retail industry trends, consumer behaviour, and market dynamics in the UAE.
- Strong negotiation and supplier management skills.
- Outstanding communication abilities
- Excellent organizational skills
- Demonstrable aptitude in effective negotiating
- Up to speed with purchasing best practicesAnalytical mindset and the ability to use data to drive buying decisions.
- Excellent communication and interpersonal skills to collaborate with suppliers and internal teams.
- Familiarity with inventory management and retail software systems.
- Proficiency in English and Arabic (spoken and written) is preferred, given the multicultural environment in the UAE.
- Strong organizational skills and the ability to manage multiple tasks simultaneously.
Job Details
| Role Function: | Marketing , Purchase | Work Type: | Full-Time |
|---|---|---|---|
| Role Level: | Mid-Level | Country: | United Arab Emirates |
| City: | Abu Dhabi | Number of Vacancies: | 1 |
| Job Category: | Fashion/Apparels | Company Website: | www.talentmate.com |
| Skills & Expertise |
Market Analysis
Market Research
Multi-Tasking
Good Communication Skill
Market Knowledge
|
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What We Offer
- Health Insurance
- Visa
- Paid Annual Leaves
- Maternity and Paternity Leaves
About the Company
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