
Strategic Product Procurement Manager
7 days ago
At Alghanim Industries, we seek a skilled and experienced Sr. Buyer to join our team.
Job DescriptionJob Summary:
- To drive profitable sales and enhance customer satisfaction by developing and executing a comprehensive product range that meets the buying critical path.
- Sourcing, negotiating, and managing a portfolio of products that align with the company's customer, brand positioning, and financial objectives.
Key Responsibilities:
Category Management StrategyWe are looking for a strategic thinker who can develop and implement category strategies to optimize product mix, pricing, and profitability. Key responsibilities include:
- Conducting market analysis, identifying trends, and delivering product innovation.
- Developing and implementing category strategies to optimize product mix, pricing, and profitability.
The ideal candidate will have excellent relationship-building skills and be able to build and maintain strong relationships with key suppliers to ensure product quality, timely delivery, and competitive pricing.
- Negotiating contracts and driving cost reduction initiatives.
- Building and maintaining strong relationships with key suppliers.
We expect our Sr. Buyer to achieve and exceed sales, margin, and inventory turnover targets.
- Achieving and exceeding sales, margin, and inventory turnover targets.
- Conducting regular performance analysis with merchandising and taking corrective actions as needed.
The successful candidate will have leadership skills and be able to lead and develop a high-performing Junior/Assistant Buyer.
- Leading and developing a high-performing Junior/Assistant Buyer.
- Setting clear expectations, providing guidance, and fostering a collaborative work environment.
Excellent communication and collaboration skills are essential for this role, as you will need to work effectively with design, merchandising, sourcing office, marketing, sales, VM, and operational teams.
- Collaborating effectively with cross-functional teams.
- Ensuring seamless product lifecycle management.
You will need to monitor market trends, competitor activities, and customer preferences to identify opportunities and mitigate risks.
- Monitoring market trends, competitor activities, and customer preferences.
- Identifying opportunities and mitigating risks.
Requirements:
- At least 5 years of buying and product development experience.
- In-depth knowledge of and experience in buying and product development in Home Furnishings.
- Professional development in retail strategy/category management.
- Excellent analytical skills and aptitude to draw out plans and assess accurately the market needs for the category.
- Excellent written and verbal communication skills.
- Excellent MS Office skills + knowledge of SAP or Business Objects preferred.
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