Date: 25 Aug 2024
Location: SG
Company: Aspial Corporation Ltd
ASSISTANT BUYER
The Assistant Buyer role is pivotal in driving our product strategy, ensuring that our offerings not only meet market demand but also reinforce our competitive edge. The Buyer will play a key role in market analysis, supplier collaboration, inventory management, and, crucially, the development of pricing strategies that balance profitability with market competitiveness.
Market Research and Trend Analysis
Conduct in-depth market research to identify emerging trends, future opportunities, and potential challenges.
Analyze data to understand market demand and identify opportunities for product differentiation.
Stay abreast of industry changes and technological advancements that could impact pricing and product offerings.
Supplier Relationship Management
Cultivate strong relationship with suppliers to negotiate and explore the best prices/cost-effective opportunities, quality, and delivery terms.
Merchandise Planning and Inventory Management
Assist the selection and assortment of planning of merchandise to align with consumer demands and brand strategy.
Support development and implementation of inventory management strategies to optimize stock levels, reduce overstock, and minimize stockouts.
Collaborate with sales and marketing teams to align merchandise plans with promotional activities and sales forecasts.
Monitor and manage aging inventory to ensure stock health and financial performance.
Product and Pricing Strategy Development
Actively participate in product development initiatives from concept through to launch, ensuring products meet market needs and quality standards.
Analyze sales performance and customer feedback to make informed decisions about product lifecycle management, including introductions, modifications, and discontinuations.
Formulate effective and sound pricing strategies that ensure products are competitively priced while maintaining healthy margins.
Additional Responsibilities
Participate in cross-functional teams to support new store openings, marketing campaigns, and other company initiatives.
Regularly liaise with retail stakeholders to gather feedback on product performance and customer demand, ensuring our offerings remain relevant and competitive.
Involve in prototype/iPOS registration.
Handle ad-hoc duties as required, demonstrating flexibility and a can-do attitude towards workplace challenges.
Requirement
Minimum Diploma in Business, Marketing, Fashion Merchandising, or a related field.
At least 2 years of experience in buying, merchandising, preferably in a retail environment.
Strong analytical and negotiation skills, with proficiency in Microsoft Excel.
Excellent communication skills and ability to build and maintain supplier relationships.
Adaptable team player with a passion for the retail industry and an eye for market trends.
The Assistant Buyer role is pivotal in driving our product strategy, ensuring that our offerings not only meet market demand but also reinforce our competitive edge. The Buyer will play a key role in market analysis, supplier collaboration, inventory management, and, crucially, the development of pricing strategies that balance profitability with market competitiveness.
Market Research and Trend Analysis
Conduct in-depth market research to identify emerging trends, future opportunities, and potential challenges.
Analyze data to understand market demand and identify opportunities for product differentiation.
Stay abreast of industry changes and technological advancements that could impact pricing and product offerings.
Supplier Relationship Management
Cultivate strong relationship with suppliers to negotiate and explore the best prices/cost-effective opportunities, quality, and delivery terms.
Merchandise Planning and Inventory Management
Assist the selection and assortment of planning of merchandise to align with consumer demands and brand strategy.
Support development and implementation of inventory management strategies to optimize stock levels, reduce overstock, and minimize stockouts.
Collaborate with sales and marketing teams to align merchandise plans with promotional activities and sales forecasts.
Monitor and manage aging inventory to ensure stock health and financial performance.
Product and Pricing Strategy Development
Actively participate in product development initiatives from concept through to launch, ensuring products meet market needs and quality standards.
Analyze sales performance and customer feedback to make informed decisions about product lifecycle management, including introductions, modifications, and discontinuations.
Formulate effective and sound pricing strategies that ensure products are competitively priced while maintaining healthy margins.
Additional Responsibilities
Participate in cross-functional teams to support new store openings, marketing campaigns, and other company initiatives.
Regularly liaise with retail stakeholders to gather feedback on product performance and customer demand, ensuring our offerings remain relevant and competitive.
Involve in prototype/iPOS registration.
Handle ad-hoc duties as required, demonstrating flexibility and a can-do attitude towards workplace challenges.
Requirement
Minimum Diploma in Business, Marketing, Fashion Merchandising, or a related field.
At least 2 years of experience in buying, merchandising, preferably in a retail environment.
Strong analytical and negotiation skills, with proficiency in Microsoft Excel.
Excellent communication skills and ability to build and maintain supplier relationships.
Adaptable team player with a passion for the retail industry and an eye for market trends.
Job Segment: Fashion Retail, Retail Sales, Market Research, PLM, Fashion Merchandising, Fashion, Retail, Marketing, Management
