Category Buyer

1 week ago

Singapore HENATENN HOLDINGS PTE. LTD. Full time

**About this role**:
This is a newly created role within our Novela Category Management team to help drive the continued growth of our business.

**Responsibilities**:

- Lead the procurement strategy for the beauty product category, aligning it with the overall business objectives.
- Identify, evaluate, and onboard new suppliers/vendors of beauty products, ensuring they meet quality standards, pricing requirements, and delivery timelines.
- Negotiate contracts and terms with suppliers to obtain the best possible pricing, payment terms, and contractual conditions.
- Manage supplier relationships, conduct regular performance reviews, and address any issues or concerns that may arise.
- Monitor market trends, including pricing, product innovations, and consumer demands, to stay informed about industry developments and make informed buying decisions.
- Collaborate with internal stakeholders, such as marketing, sales, and operations teams, to understand their requirements and ensure the availability of a diverse and appealing assortment of beauty products.
- Conduct regular analysis of category performance, including sales data, product performance, and customer feedback, to identify opportunities for improvement and growth.
- Work closely with the marketing team to develop promotional strategies and campaigns to drive sales and enhance the visibility of beauty products.
- Stay updated on industry regulations and compliance requirements related to beauty products, ensuring all purchased items meet legal and safety standards.
- Maintain accurate records of procurement activities, supplier contracts, and pricing information.

**Qualifications**:

- Bachelor's degree in business administration, supply chain management, or a related field.
- Proven experience as a buyer or category manager in the beauty industry, preferably within a retail or e-commerce environment.
- 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.
- Detail-oriented and organized, with the ability to manage multiple priorities and meet deadlines.
- Proficiency in using procurement software and tools, as well as Microsoft Office Suite.
- Familiarity with regulatory requirements and quality standards for beauty products.
- A passion for the beauty industry and staying up to date with the latest trends and innovations.

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