Merchandising & Procurement Executive

1 week ago

Singapore HUA HNG TRADING CO PTE. LTD. Full time

**Job Responsibilities:
**Procurement**
- Be responsible for the control, management and procurement functions of all non-perishable products
- Work closely with the outlets and vendors on all replenishment activities, product range, promotions mechanics and pricing
- Negotiate with vendors regarding terms, conditions and margins to create a competitive edge
- Analyse the performance of stock and promotions to determine the effectiveness of the product assortment and promotion strategy to drive market share and increase revenue
- Monitor and manage warehouse inventory, including stock rebalancing between outlets, managing cost and turnover of inventory
- Implement FIFO to ensure product freshness and check on near expired stocks regularly to minimize trade returns and wastage
- Provide regular feedback on the sales performance of our product, store and display issues, and competitors’ activities to Management
- Source for new products based on purchasing behavior of our target market, current trends and forecasted trends

**Merchandising**
- Ensure optimal sales performance for products using visual merchandising techniques to boost average transaction value
- Create visual merchandising elements to showcase our plant range, and to create more synergy between our plants and non-perishable products
- Work with marketing team to create holistic online to offline marketing campaigns to increase revenue and manage stock as required
- Ensure prompt set up of promo display, update of all POS materials and pricing display at the right place and right promo window
- Ensure that the products on the display shelves are in the correct price with minimum OOS issues in the outlets.

**Job Requirements**:

- Experience in retail merchandising, sourcing and purchasing, and price-setting
- Possess a firm understanding of margins, cost structures, balancing profitability with competitiveness
- Should display strong interpersonal/communication skills, customer awareness, and understanding
- Be organized, methodical and efficient
- Be able to work independently as well as part of a team effectively
- Keen willingness to learn
- Proficiency in Excel
- Experience in ERP/ SAP software will be an added advantage
- Minimum qualification of a diploma in any field
- Display a flair for trendspotting, is innovative, possesses good business judgment and acumen

**Working Days & Timing**

Monday - Friday: 8:00am - 5:00pm

Saturday: 8:00am -12:00pm

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