Description
Who We Are Looking For?
As the Buyer, he/she will support the development and implementation of key strategies to maximize retail sales and achieve planned profit targets through stock control, cataloguing, pricing policy, merchandise promotions. The incumbent for this role should ideally have merchandising experience, both online and offline, in a retail and/or FMCG environment.
What Awaits You:
1. Consumers
Understand consumers’ needs and wants, analyze their evolving shopping and buying patterns to increase sales and market share, for both online & offline markets
Keep abreast with market/customer trends and respond appropriately, and anticipate/forecast future trends to make insightful buying decisions, bearing in mind the change/switch in shopping behaviour between online and offline markets
2. Product
Source for new brands and products; review existing merchandise to ensure competitiveness, both O+O
Manage the entire acquisition process for new products; from sourcing, negotiating of prices and terms of contract
Manage plans for stock levels, pre-empt and respond to changes in demand and supply and logistics-related challenges
Work closely with relevant internal and external parties on activities to build brand awareness of new products, rejuvenate sales of slow moving products and to drive sales for existing products
Perform regular competitor analysis, both O+O, to generate new ideas, increase intelligence and to determine price points
3. Supply/Vendor Management
Source for new supplier / vendors, manage with existing suppliers/vendors ensuring quality service is delivered at all times
Ensure suppliers provide quality and safe products
Negotiation with suppliers for better product assortment, better costing and support for A&P programs
Build strong relationships with vendors, focusing on vendor management, brand acquisition and development
4. Sales/Profitability of Merchandise
Conduct regular review of key performance indicators to keep abreast with latest market situations
Manage the ROI of space to ensure achievement of targets for financial year
Grow category sales; maximize margin to ensure profit growth
5. Stock Management
To ensure shelf & inventory on store level are adequately stocked
To perform monthly stock reconciliations
Perform any other duties as assigned by Management
We Are Excited About You If You Have:
Diploma/Degree in Business Management/Sales & Marketing
At least 2 years of relevant experience in retail merchandising/product development, attained in a fast-paced FMCG or challenging retail environment
A confident self-starter with a high level of drive, energy, integrity and professionalism
Assertive, self-motivated, committed, determined, diligent and trustworthy
Results oriented, resourceful, resilient, proactive, and able to work under pressure and tight deadlines
Ability to strive in a fast-paced, high volume and dynamic environment
Ability to analyze and interpret data/ information
Team player
Commercial Awareness
Good foresight in market trend
Good in relationship building & networking (esp. with suppliers, vendor & team)
Resourceful & commercial focused
Proficient in MS Office applications
Analytical and Numeric Skills
Sourcing skills
Negotiations Skill
Time Management Skills
Decision making and problem solving skills
Good Communication and Interpersonal skills
Reporting skills
For more information, please visit and follow our LinkedIn Page https://www.linkedin.com/company/watsons-personal-care-stores-pte-ltd/ for exciting updates.