Strategic Procurement Lead for Natural Products

4 weeks ago


Singapore LITTLE FARMS PTE. LTD. Full time
About the Role
Little Farms PTE. LTD. is seeking an experienced Strategic Procurement Lead to oversee the procurement activities for our retail stores and, in some cases, F&B units. As a key member of our commercial team, you will be responsible for managing the buying team to ensure effective stock flow, accurate pricing, and timely sell-through to meet our commercial goals.

Key Responsibilities
- Oversee the procurement process to ensure divisional and total retail targets are met on scan margin, promotion markdown, discount markdown, warehouse availability, and warehouse stock days on hand.
- Collaborate with buyers and operations leads to ensure timely and accurate POS raising.
- Work closely with the Head of Logistics to communicate weekly buy plans to relevant freight and warehouse stakeholders.
- Conduct regular analysis of stock on hand to minimize markdowns and maximize profitability.
- Provide detailed performance reports against key metrics daily, weekly, and monthly, including promotional efficacy and space range display reporting.

Pricing and Promotions Strategy
- Develop and agree upon Retail Selling Prices (RSPs) for retail SKUs that align with our overarching pricing strategy while achieving target gross margins.
- Plan and execute promotional strategies, both strategic and tactical, in collaboration with marketing teams.
- Link with marketing to provide timely details on promotions and competitive price reviews.

Sourcing and Vendor Management
- Assist the Commercial Director in sourcing high-quality, all-natural products from around the world.
- Onboard and negotiate contracts with new vendors as required.
- Ensure clear communication of new SKUs and marketing materials to relevant parties during product launches.

Job Requirements
- Proficient in Microsoft Office, particularly Excel, Word, and Outlook.
- Fluency in English.
- Strong analytical and problem-solving skills.
- Detail-oriented and adaptable, with a passion for building a great business.
- Excellent communication and interpersonal skills, with the ability to work effectively in a team environment.
- Familiarity with pricing strategies and merchandising practices preferred.

Compensation and Benefits
We offer a competitive salary range of SGD $120,000 - $180,000 per annum, depending on experience, plus additional benefits including health insurance, retirement savings plan, and opportunities for professional growth and development.

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