Procurement Director

5 days ago


Kuala Lumpur, Kuala Lumpur, Malaysia Al-Futtaim Group Full time

We're looking for a highly skilled Buying Manager to join our team at Al-Futtaim Group.

The successful candidate will be responsible for the accurate procurement and management of stock to maximise sales and profitability.

The role involves liaising effectively with the International Franchise Team to influence buying/selling process and managing the process of taking products from concept to stores in order to deliver category targets and get products into stores in a timely and cost-effective way.

Responsibilities:
  1. Develop and execute purchasing strategies based on market trends, sales forecasts, and business goals.
  2. Monitor inventory levels to ensure optimal stock levels, reduce stockouts, and minimise excess inventory. Collaborate with the logistics team for efficient inventory flow.
  3. Analyse product costs and work towards reducing expenses without compromising quality. Monitor market conditions and adjust purchasing strategies accordingly.
  4. Oversee product selection and ensure that offerings align with customer needs, market demand, and seasonal trends. Develop an assortment plan that maximises profitability.
  5. Manage purchasing budgets and ensure that spending stays within allocated limits while achieving business objectives.
  6. Work closely with the selling floor teams analysing and identifying trends through sales and stock information and regular store visits. Maximise profitability by using all information available on probes to initiate action in areas that are not performing to targeted expectations.
  7. Strategize and execute budget plans and estimates for both the Buying Fair and in-season estimates. Review budget proposals throughout the season, initiating and taking appropriate action where necessary.


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