Overview
Buyer – MFBA Jobs in Dubai, United Arab Emirates at Namshi.com
Title: Buyer – MFBA
Company: Namshi.com
Location: Dubai, United Arab Emirates
Who are we?
Are you ready to embark on an exciting journey in the world of beauty and e-commerce?
Namshi, the #1 online fashion and beauty destination in the Middle East, is looking for talented individuals like you to join our dynamic team. We are a community built around young people who are making waves in the region. They’re changing the future, and we’re right next to them every step of the way. If you’re passionate, innovative, and eager to be a part of a company whose mission is to be the region’s favorite closet, then Namshi is the place for you.
Discover your potential with us and help us redefine the way people shop online and ignite a new generation of personal expression through style. Let’s move together!
What you’ll do:
Develop and implement Namshi’s Footwear, Bags and Accessories Buying Strategy with a view to supporting the successful achievement of Namshi’s goals and objectives. Be an integral member of the Fashion team, re-focusing & planning the department to maximize our brands full selling potential while still maintaining our group strategy in line with our team KPIs.
Review and analyze sales reports for all brands, products, categories and price levels including best/worst sellers and use this to aid future buying decisions, maximizing sales and minimizing risk.
Analyze weekly sales to ensure all brands are trending correctly in line with sales plans.
Plan deliveries in line with sales targets & % mix by category, price level and stock levels to achieve sales, profitability and turnover
Understand product and pricing analysis to inform pricing strategy and manage all spend within budgetary requirements.
Work closely with your Merchandising counterpart to make selections from identified Brands based on robust analysis of sales and inventory data, developing the assortment within your category and working to budget and price levels as defined by, and with, the Merchandising team
Have a clear plan, strategy and direction for your own portfolio on a monthly basis and be ready to report on progress ad hoc, as well as monthly. Provide detailed data inputs for complete category reviews as well as supporting them with “own perspective” of potential opportunities. Use data to create good positioning arguments.
Accumulate trend information and generally maintain market awareness in keeping with our target customer to inform and analyze buying decisions and product performance.Actively participate in assortment development and review, providing data and analysis to support decision-making whilst owning product selection oversight
Coach and inspire junior members of the team
Proactively identify strong and weak selling items and make adjustments to your selection strategy accordingly.
Meet and manage suppliers with a view to building robust and preferential relationships and secure timely delivery of orders.
Prioritize and secure favorable credit terms with suppliers
Manage inventory levels through ordering sufficient quantities of product while ensuring best performers are adequately stocked and poor performers are cleared (negotiate returns to supplier and mark down contribution). Derisk the business from aging inventory
Reconcile top-down budgets with bottom-up department plans and forecasts alongside the Merchandiser
Manage monthly department level open-to-buy activities whilst ensuring alignment of multiple business plans to depa…
