Buyer – Plug Ins

Job description / Role

Buyer - Plug Ins - Dubai - UAE

Plug-Ins Electronics, a member of the Al-Futtaim groups electronics division, is the largest multi brand electronics and IT retailer in the UAE. Representing over 300 leading brands, the electronics powerhouse is currently situated in Dubai Festival City, BurJuman, Al-Ghurair City, Souk Madinat, Jumeirah, Madina Mall (Abu Dhabi) and Dubai Mall.

Plug-Ins Electronics enjoys high-brand recognition across the Middle East and is known for its leadership position and trend setting initiatives. Reputed for its extensive range of products, the electronics retail chain is underpinned by a team of product-savvy salespersons who guide and assist customers in their purchasing decisions.

In this role you will be responsible for:

* Maintaining relation with suppliers regarding the existing range of products and also follow up for updates on the latest new products in line with the market trends
* Monitoring stock movements and generate purchase orders to maintain optimum level of stocks as per the business requirement
* Initiating market survey to ensure that we are competitive in the market with regard to pricing and product range
* Interacting with suppliers for feedback regarding the progress on various product lines and to ensure that we have adequate stocks on the product range
* Monitoring and reviewing each product price and range to obtain credit note and volume rebates from suppliers
* Procurement /Ranging/ Pricing Policy / Inventory management of merchandise categories and / or vendor/ Brands for Electronics/IT Retailer to achieve the goals and budgets of the company.
* Liaise with vendors and brand principals for obtaining latest updates on the existing range of Products.
* Constantly follow-up with suppliers to be updated on the latest products
* Arrange for meeting with suppliers to discuss about new potential products.
* Coordinate return of slow moving stocks.
* Monthly analysis of aged inventory, Preparation of suggested markdowns for approval.
* To identify alternative suppliers for existing product lines and also for new products.
* Ensure that Product profitability is in line with Budget and strategic directions.
* As per procedure, ensure that minimum stock level is maintained at all times.
* Follow-up credit notes and rebates
* Ensure all ranged articles are in stock in applicable stores.

Requirements

To be successful in winning this role, the following are the pre-requisites:

* Post Graduate with Marketing Management
* Good communication and negotiation skills
* 3+ Years of Experience in marketing and procurement functions preferably in consumer electronics/IT Related business - and / or 
* 3+ Years of Experience in product management in consumer electronics / IT related Business.
* Supplier and dealer network management, understanding of customer needs and market trends.
* Knowledge, Understanding and interest in Consumer Electronics and IT products.
* Ability to efficiently and effectively analyse large volumes of data.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.