As the Buyer, you will be responsible for sourcing, selecting, and purchasing an assortment of goods for the Company’s retail operations. You will need to take several factors into account when making purchasing decisions, such as availability, quality, pricing, and customer demand, as well as limiting factors including financial budgets, store policies, and market trends. You will be required to source for new products while ensuring the inventory stocks remain competitive in the market. You may optimize the revenue and offer competitively priced range of products at profitable price by thoroughly comprehending the demands of the customers. This includes negotiating with suppliers, managing inventory, and ensuring the timely delivery of high-quality products.
Job Summary:
- Product Sourcing: Identify and source new products, and conduct market research to stay updated on industry trends and competitor products.
- Supplier Review: Evaluate suppliers based on price, quality, delivery speed and fulfilment.
- Supplier Management: Develop and maintain strong relationships with suppliers. Monitor supplier performance and resolve any issues related to quality or delivery.
- Contracts Negotiation: Negotiate contracts, pricing, and terms with suppliers to secure the best deals.
- Inventory Management: Manage inventory levels to ensure adequate stock without overstocking, forecast demand. Review and analyze sales data to adjust purchasing strategies as needed. Anticipate supply problems and plan accordingly.
- Order Processing: Prepare and process purchase orders, and ensure accuracy of order details, including quantities, delivery dates, and specifications. Coordinate with suppliers and logistics to ensure timely delivery of goods.
- Budget Management: Monitor purchasing budgets, prepare reports on purchasing activities, costs, and budget variances, and implement cost-saving measures. Analyze total cost of ownership, suggest cost reduction strategies, and source for new suppliers.
- Quality Control: Ensure products meet quality standards and conduct regular inspections and audits
- Collaboration: Provide input on promotional and merchandising plans based on product availability and trends and participate in cross-functional meetings to align purchasing with business goals.
- Ad-Hoc Support: Managing any ad-hoc tasks and projects as and when required.
Job Requirement:
- Degree in Business, Procurement, Supply Chain, or equivalent in a related field preferred.
- Minimum 1 year of experience in a similar procurement or administrative role.
- Proficiency in Microsoft Office and experience with purchasing systems.
- Knowledge of retail operations, inventory management, and customer service principles.
- Ability to work under pressure and adapt to changing priorities.
Job Types: Full-time, Permanent
Pay: RM2,500.00 - RM3,800.00 per month