Senior Product Category Strategist
2 days ago
We are seeking an experienced Senior Product Category Strategist to join our team at NOVELA INTERNATIONAL PTE. LTD.
As a key member of our organization, you will play a vital role in developing and executing our beauty product category strategy. Your primary responsibility will be to manage supplier relationships, negotiate contracts, analyze market trends, and ensure the availability of high-quality beauty products at competitive prices.
Key Responsibilities- Category Strategy Development
- Develop comprehensive sales strategies to achieve revenue targets and market share goals
- Identify, evaluate, and onboard new suppliers/vendors of beauty products, ensuring they meet quality standards, pricing requirements, and delivery timelines
- Supplier Management
- Negotiate contracts and terms with suppliers to obtain the best possible pricing, payment terms, and contractual conditions
- Maintain accurate records of procurement activities, supplier contracts, and pricing information
- Market Analysis
- Monitor market trends, including pricing, product innovations, and consumer demands, to stay informed about industry developments and make informed buying decisions
- Conduct regular analysis of category performance, including sales data, product performance, and customer feedback, to identify opportunities for improvement and growth
- Collaboration and Communication
- Work closely with the marketing team to develop promotional strategies and campaigns to drive sales and enhance the visibility of beauty products
- Collaborate with internal retail and operations teams to understand their requirements and ensure the availability of a diverse and appealing assortment of beauty products
- Commercial Experience
- Strong commercial skills in the consumer goods and services industry
- Beauty Industry Expertise
- Proven experience as a buyer or category manager in the beauty industry, preferably within a retail or e-commerce environment
- Skillset
- In-depth knowledge of beauty product trends, market dynamics, and industry best practices
- Strong negotiation and contract management skills, with a track record of achieving cost savings and favorable terms
- Excellent analytical skills to interpret market data and make data-driven decisions
- Strong communication and interpersonal skills to effectively collaborate with internal teams and external suppliers
The estimated salary for this role is SGD 120,000 - SGD 180,000 per annum, depending on qualifications and experience.
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