Purchasing and Merchandising Executive
Emaar Entertainment LLC
Total years of experience :18 years, 10 Months
Monitoring industry trend, consumer preference, and seasonal demands.
•Maintain profitable relationship with existing and new vendor and monitor the adherence to the contract terms.
•Sourcing new vendor & product to fill the gap within brand matrix.
•Negotiate strong cost price, Trading terms and later income in order to maximize profitability.
•Stock management including forecasting, product assortment & stock balancing to ensure customer needs and brand objectives are met.
•Oversee the creation of in-house Brands. Sourcing labels, Trims, Tags and confirming pre-production samples & fitting.
•Manage and foresee the development and execution of aged inventory exit strategies.
•Review and analyze the season performance report and best seller periodically.
•Coordinate with Marketing to endorse new product/Brand, Trends, Campaigns and promotions.
• Provide information for the development of the merchandise strategy, and assists in product selection and key item development as directed.
• Assists in vendor selection and in developing and maintaining strong vendor partnership.
• Identify all item and purchase order issues. Investigate and resolve by working with buyer.
• Ensures the acquisition of product knowledge to new/existing brandsand disseminate the same to our store staff.
• Executes the development and maintenance of the OTB checkbook.
• Manage the timely placement and maintenance of purchase order.
• Monitors vendor to store receipt flows and actual to planned receipts.
• Monitor inventory productivity, analyzes vendor profitability and vendor received not ordered compliance.
• Negotiate to vendor for more favorable terms, staff incentive schemes and store promotion.
• Participates and set up skills training and development for Staff.
• Ensures correct Markdown, Brand Margin and promotion are set up properly in our system and strictly being followed.
Responsible in receiving all incoming/outgoing deliveries of merchandise, material, supplies, and other items from local and foreign sources; checking the quantity, physical condition and specification based on delivery documents prior to acceptance.
•Responsible in preparing reports/forms and documents such as Receiving Report, Discrepancy Report, Material Requisition Slip and shortage list.
•Established method to meet work schedules and coordinate work activities with Store Manager and Staff regarding item and Material request.
•Responsible for material/merchandise Binning and warehouse cleanliness and hygiene by applying safety requirement and published procedures as provided by Management.
•Assist in the Year end Physical Inventory and Perform Monthly Inventory cycle count assigned by superiors.