Buyer

POH HENG JEWELLERY (PRIVATE) LIMITED; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

Compass One is seeking a seasoned procurement and merchandising professional in Singapore to manage supplier relationships, plan assortments, and optimize pricing. You will ensure timely deliveries and accurate product data while coordinating with Retail and EC teams.

The role requires a Diploma or Degree in a relevant field with several years of experience in procurement, merchandising or related areas. Strong negotiation, data analysis and market research skills are essential.

Qualifications

• Diploma in relevant discipline with 5+ years of experience in procurement or merchandising.
• Degree in relevant discipline with 3+ years of experience or equivalent.

Responsibilities

• Support the company’s procurement activities based on product specs and customer needs
• Assist in establishing relationships with network and external vendors for procurement transactions
• Plan merchandise assortment considering category mix and Open to Buy data
• Formulate and propose pricing strategies based on target GP% and competitive analysis
• Review sell-through rate and plan for replenishment
• Collaborate with marketing to execute promotions aligned with product launches
• Conduct market research to stay current with market trends and competitors
• Hold weekly meetings with Retail/EC teams to align replenishment requirements
• Source and work with suppliers on product selection, pricing and negotiations
• Analyze sales data to inform buying strategies
• Oversee logistics for returning goods with suppliers and manage documentation
• Ensure product information is accurate, including images
• Prepare and managePurchase Orders to suppliers once procurement plans are approved
• Process and track purchase orders to ensure timely deliveries and imports/exports weekly
• Monitor inventory levels and supplier performance
• Conduct quality checks on received stock
• Provide pricing data in a timely manner
• Maintain good paymaster relations with suppliers
• Perform other ad-hoc duties as assigned

Skills

Procurement

Merchandising

Vendor negotiation

Market research

Data analysis

Inventory management

Pricing strategies

Communication

Education

Diploma in relevant discipline

Degree in relevant discipline

Job description

Qualifications & Experience Required

• Diploma in relevant discipline, 5+ years of relevant experience in Procurement or Merchandising Field (Minimum)
• Degree in relevant discipline, 3+ years of relevant working experience, or equivalent (Preferred)

• Support the company’s procurement activities based on established product specifications and customer needs
• Assist in establishing working relationships with company network and external vendors for optimal procurement transactions
• Plan merchandise assortment considering category mix and range planning based on the OTB (Open to Buy) and historical data
• Formulate and propose pricing strategies based on target Gross Profit percentage (GP %) and conduct comparison analysis against competitors
• Review products sell through rate and plan for replenishment
• Collaborate with marketing department to execute the promotion strategies in alignment with the product launches
• Conduct market research to stay current with market trend and competitor strategies
• Hold weekly meeting with Retail / E-commerce teams to discuss and ensure product replenishment requirements are aligned
• Source and work closely with suppliers on product selection, pricing and negotiations
• Analyze sales data with proposed buying strategies
• Oversee the logistics process for returning goods suppliers, including arranging courier and managing documentation requirements
• Ensure that information of product is accurate.
• Prepare and Manage Purchase Order to supplier/s once the procurement plan is approved
• Process and track purchase orders to ensure timely and accurate deliveries, including handling permit applications for import/export on a weekly basis.
• Monitor and manage inventory level and assess supplier performance
• Conduct quality assurance checks on products upon receipt of stock from suppliers
• Ensure that all product information, including image is updated and accurate
• Ensure that Retail and EC information is updated and accurate
• Provide pricing for Data in a timely manner
• Ensure good paymaster to our suppliers
• Perform other ad-hoc duties as assigned