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Head of Buying

2 weeks ago

Singapore Little Farms Full time $90,000 - $120,000 per year

**Job Summary - Head of Buying**
Reporting to the Commercial Director, the Head of Buying is responsible for buying activities relating to Little Farms retail stores and, in some cases, F&B units. The Head of Buying will manage the buying team to ensure effective flow of stock, accurate pricing & promotions, and timely sell through to ensure we achieve our commercial goals. The Head of Buying will be the focal point of all communication relating to buying.
**Job Scope - **_The Head of Buying is responsible for _**:
**Buying**
- Managing the buying team to ensure divisional and total retail targets are hit on the below metrics:
- Scan margin
- Promotion markdown
- Discount markdown
- Warehouse availability
- Warehouse stock days on hand
- Working closely with the buyers and operations leads to ensure timely and accurate raising of POS.
- Working closely with Head of Logistics to ensure clear communication of weekly buy plan to relevant freight / warehouse stakeholders.
- Detailed and regular analysis of stock on hand in warehouse and stores to minimise markdown.
- Reporting - daily / weekly / monthly performance against the metrics above, and associated follow up. Also promotional efficacy reporting, space range & display reporting. Regular review and improvement of buying processes.
-
**Price and Promotions**
- Agreeing with buyers RSPs for retail SKUs to be in line with overarching pricing strategy whilst also achieving target gross margins. Regular review.
- Promotional planning, both strategic and tactical.
- Linking with marketing to provide detail on both strategic and tactical promotions in a timely fashion.
- Regular competitive price review and reporting on LFL product where applicable, and on core customer basket.
**Sourcing**
- Assisting the Commercial Director in sourcing high quality, delicious all natural products from around the world.
- Onboarding and contract negotiation with new vendors where appropriate.
- Clear communication of new SKUs and marketing material to relevant parties per product launch SOP. Structured review of new product performance against set new product performance metrics.
-
**Vendor Management**
- The creation and management of vendor performance metrics for top vendors with periodic review. Regular reporting against these metrics.
-
**Job Prerequisites**
- Proficient with Microsoft Office (i.e. Excel, Word, Outlook)
- Fluent in English
- Detail oriented
- Strong work ethic
- Passionate about helping us build a great business
- Team player
- Adaptable
- Embraces the Little Farms' Culture and Values
- Open to occasional work travel