Senior Buyer Job in Dubai, United Arab Emirates

The Senior Buyer is responsible for sourcing and procuring product ranges at optimal cost, quality, and availability to meet customer needs, maximize profits, and ensure a commercially viable selection of merchandise for the MAF Lifestyle business. The Senior Buyer will support the General Manager of Planning and Merchandising in defining and presenting short—and long-term strategic approaches, identifying future growth opportunities, and addressing risk areas related to brand assortment, product ranges, inventory positioning, and margin management.

ROLE PROFILE :

• Develop a suitable buying strategy, approach, and plan in alignment with Brand and MAF Lifestyle guidelines.
• Direct and manage various functional aspects of vendor sourcing and development, contract negotiation, purchasing, and coordination with the supply chain and warehouse to ensure optimal efficiency and performance.
• Ensure developing and procuring commercially viable and profitable product ranges to maximize profit and sales.
• Build the Open-To-Buy (OTB) by store, category, and subcategory.
• Collaborate with the General Manager to manage and control all aspects of stock to minimize lost sales, improve buying practices, and maintain a balanced product mix through careful and strategic purchasing.
• Contribute to developing annual business plans, associated budgets, and buying strategies, monitor performance against these plans, and initiate corrective actions to ensure operations remain within agreed financial parameters and targets.
• Achieve set financial targets related to all buying activities, including OTB, margins, sell-through rates, and markdowns.
• Negotiate product pricing, shipping costs, payment terms, intake margins, and terms with local vendors, focusing on business effectiveness and cost efficiency.
• Maintain profitable relationships with existing suppliers and monitor compliance with all contractual terms.
• Stay informed about customer trends, demographic shifts, and other influences to ensure buying decisions align with customer preferences, enhancing the overall customer experience.
• Conduct training on fashion trends and product launches for store teams as needed.

REQUIREMENTS :

•  4-5 years of experience in a senior merchandising role.
• Mandatory experience in a retail environment.
• Bachelor’s Degree, preferably in Fashion, Marketing, or a related field. – Qualification in Retail
• Management, Purchasing, Sales, or related subjects.