Job Description

Principal Liaison:

•  Establish and maintain strong relationships with suppliers and principals.
•  Communicate effectively with principals to negotiate pricing, terms, and other relevant aspects of purchasing.

Demand Forecasting and Inventory Management:

•  Analyze market trends and historical sales data to forecast product demand accurately.
•  Monitor inventory levels and initiate timely replenishment to prevent stockouts or overstock situations.

Monthly Order Proposals:

•  Prepare and propose monthly purchase orders to ensure sufficient stock levels.
•  Consider factors such as product popularity, seasonal demands, and budget constraints when formulating orders.

Cost and Margin Optimization:

•  Analyze product costs and pricing structures to maintain targeted profit margins.
•  Identify opportunities to negotiate better terms and pricing with principals.

Sales Target Achievement:

•  Work closely with the sales team to understand customer preferences and demands.
•  Assist in developing sales strategies to achieve revenue targets.

Stock Turn Management:

•  Implement strategies to optimize stock turnover and reduce inventory holding costs.
•  Monitor stock aging and take proactive measures to reduce slow-moving stock.

Reporting and Analysis:

•  Generate weekly &monthly sales & inventory report. 
•  Conduct data analysis to identify trends and opportunities for improvement.

Job Requirements

•  Bachelor's degree or Diploma in Business Administration, Buying and Merchandising with min 3 years of experience, preferably in Beauty/ Retail/ FMCG.
• Strong analytical and numerical skills, with the ability to interpret data and make informed decisions.
• Excellent communication and negotiation skills to interact with suppliers and internal teams effectively.
• Highly organized with attention to detail, capable of managing multiple tasks simultaneously.
• A proactive and result-driven approach to achieve sales and margin targets.
• Proficient in using inventory management software and Microsoft Office suite.

Skills

Additional Info