Planning of Buying Calendars & Events • Understand the Buying Calendar and the process of planning for a season. Understand the various • suppliers and to learn about all buying fairs. • To assist in planning the buying calendar in line with Inflow Pattern and the Event Calendar of the Stores. • To monitor the order status and inventory levels on regular basis and to take proactive action for any supplier / category / range / product based on actual inflow and sales pattern. • To review the distribution of orders on all times and based on the sales rate and the budgets – • revise distribution wherever required. • To monitor the Budget Order; Order GRN; Inflow pattern Reports on weekly basis and ensure discrepancies are reported promptly to Finance. Margin Achievement • To understand the mechanism of margin / pricing / markup and costing relevant for each supplier and • each territory in the department handled. • To assist the Buyer in fixing the Retail Selling Price in line with the Concept Overall Margin Target and • the specific target for each territory. • To review the pricing as generated from the Pricing Module and do the necessary currency correction • based on the local currency of each territory. Sales Achievement • Understanding the sales pattern of each store / territory and influencing the increase of sales in each store / territory. • Participate in the review of the Sales Projection along with the Buyer Retail, Finance Team. • Review the performance of a product / category / range / supplier / department on periodic basis and to monitor stock levels. • Monitor the reorders based on the sales and revise / optimize allocation accordingly. Product Review, Design & Development • To understand the department, group, sub-group, category / range used in the company and the • principle behind the classification of the products in these. • To understand the design element and the signature of the product in the department and to know the taste of the customer. • To review samples in line with the guideline within 3 days of receipt and to maintain list of all catalogues / photographs • To maintain the data base of the images of products on the server as per the correct protocol. Vendor Development • To understand the supplier relationship in the organization and the correct manner of addressing the issues with the suppliers. • To maintain and develop the relationship with suppliers and to communicate in a very professional and prompt manner. • To consider suppliers as partners in growth and ensure their growth and development along with our growth. • To assist the suppliers with all necessary assistance in ensuring timely delivery of goods – understanding of orders, understanding of shipment terms / LC terms / marking requirements, etc. Inventory Management • Review and analyze stock / sales reports on daily basis and understand the top sellers in each department / category / group. • To monitor inventory and ensuring sufficient stock holdings for each product / category / group / department. • Review all GRNs after 45 days and taking a decision of reorder / review date. • To monitor the stock at Central Warehouse at Jebel Ali if any • Effectively deal with fast / slow moving items / ranges and end of ranges and take corrective action on timely basis Merchandising Standards • To constantly monitor the stores and to ensure that the planogram given is implemented strictly. • To periodically visit the market and survey competitors for new / better ideas for merchandising and to bring about improvement in the merchandising standards. • Conducting competitor analysis and market review on periodic basis to understand the trends and to develop products in tune with the same. Competitor Survey (R&D) • To visit our competitors who carry same range of products, study their designs, color, price & compare with Lifestyle products. By studying we can analyse & make our buying better. Constant research on new products and develop the same with our existing suppliers.