Enerfab’s Post

Buying Assistant/ Jr. Buyer Job Description Overview of the role:The Buying Assistant coordinates, executes and manages the activities of a buying department, classification or key programs, depending on scope and complexity, and assists the Category Buyer in developing, executing and communicating a product strategy that meets or exceeds financial goals.  What you will do:-Description of Accountability:  Performance AnalysisAssist and coordinate merchandizing and promotional activities to ensure successful executionWorks with cross-functional team to ensure timely and accurate execution of new store assortments and quantities.Develops performance reports to determine appropriate allocation for maximum results.Develops in store stock analysis by size for key classifications i.e. Exclusive brands and other brandsHandle queries from suppliers and work closely with suppliers to ensure timely submission on proposalsAssist in price checks and obtain samples from suppliersCommunicates out-of-stock concerns to the Buying and Planning teamsAssist to communicate effectively with Operation and Trading Support for promotions and Trading activitiesManages and checks PO created in SAPRaises shipment, PO discrepancy reports Performance and Financial Goals AchievementEnsures timely and accurate execution of new store assortments as well as initial distributions and replenishment for existing locationsMaintains correct stock levels by storeMeets or exceeds sales, gross margin and inventory turn goals.Analyzes and communicates location performance, including sales/inventory comparisons, seasonality and marketing impacts.Develops departmental distribution strategies to capture location-based opportunities through quantifying volume and profit opportunities analysis.Follows product from receipt at the Distribution Centre, to point of allocation and complete receipt at store level. This is most important at floor set time periodsGenerate and review a range analysis report at the end of each phase/season to share successes and learn from any mistakes Field CommunicationParticipates in weekly cross-functional meetings to share information on current business issuesDevelops knowledge of regional variances and store attributes and trends through data analysis and field communication.Develops effective field relationships to capture location opportunities and / or liabilities Skills Required Skills to be successful: Microsoft Office, particularly ExcelPC skillsYou must possess strong decision making skills.You will have excellent attention to detail.Results-drivenIndividual AccountabilityCommunication & interpersonal skillsPersonal IntegrityStrong analytical skills & problem solving skillsAbility to follow-up on outstanding issuesAbility to work effectively as part of a team Ability to manage time & work under pressureReadiness to persevere with difficult tasksAbility to be assertive without being aggressiveAble to focus and drive tasks to comp

STRATEGIC PROCUREMENT The other day, my wife took me to a jewelry shop - Tanishq. She selected a piece of necklace, declared to the salesman that she wanted to buy only this piece (SINGLE SOURCE). She turned to me and said, “It’s your turn to finalize the deal.”  She believes, as a procurement manager by profession, I can negotiate better in a jewelry shop as well. I failed miserably (LIMITED LEVERAGE). Gold prices are rising (FIXED MATERIAL COST), and they are fixed. The only leverage you have is over the making charges. I negotiated from 31% to 25%, moving the needle by AED 540 on the gold jewelry worth AED 42,300.  She was disappointed. “You cannot negotiate. What do you do in the office?” I needed to explain to her, “dear, I do not do cheap bargaining. As part of my job, I decide what to buy, when to buy, where to buy, and how to buy.”  Your role in procurement is just limited to CLERK / POSTMAN, if others in your team make decisions. Team work with no leverage to procurement does not help. Do you do strategic procurement or cheap bargaining? #procurement #supplychain

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STRATEGIC PROCUREMENT !! The other day, my mother took me to a jewelry shop - GRT . She selected a piece of necklace, declared to the salesman that she wanted to buy only this piece (SINGLE SOURCE). She turned to me and said, “It’s your turn to finalize the deal.”  She believes, as a procurement Guy by profession, I can negotiate better in a jewelry shop as well. I failed miserably (LIMITED LEVERAGE). Gold prices are rising (FIXED MATERIAL COST), and they are fixed. The only leverage you have is over the making charges. I negotiated from 25% to 20% and then finally to 18% She was disappointed. “You cannot negotiate. What do you do in the office?” I needed to explain to her, “I do not do cheap bargaining. As part of my job, I decide what to buy, when to buy, where to buy, and how to buy.”  Do you do strategic procurement or cheap bargaining?

A very quick read bit worth it. It should always be about adding value.

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