Head of Electrical Buying

Job Description:
To develop Electrical Buying strategy and vision for all retail stores. To lead and grow Electrical Division to its full potential as a world class provider of consumer electrical goods by developing best practices in retail buying, store formation, display, vendor management and product marketing. To excel at negotiation & people development.

Duties and Responsibilities
•To lead the electrical buying team and fully support stores ensuring maximum sales and profitability of electrical merchandise and services for the company.
• To develop and drive the achievement of the electrical sales & margin budgets by identifying opportunities, driving sales through value promotions and current stock positions.
• To ensure a comprehensive range of innovative products is available for sale.
•To manage stock and catalogue commitment in line with agreed promotional activities and peak sales opportunities.
•To execute product and promotional strategies
•To negotiate terms of trading margin and advertising support and manage the supplier base.
•To set clear and “best price” structures, contemplating and reacting to current market conditions.
•To fully support the company’s advertising and marketing activities
•To ensure objectives for the electrical category are clearly understood and embraced by all areas.
•To manage the merchandising forecasting and execute supply chain management practices to ensure optimum stock availability and maintain healthy stock turn in meeting stock budget.
•To develop monthly forecasts of sales and inventory and develop strategies to meet category financial goals.
•To analyze performance and results of past buying strategies and make tactical adjustments to leverage opportunities for increased profitability.
•To collaborate with key stakeholders.
•To manage third party direct delivery providers.
•To ensure implementation and discipline of range planning in order to ensure profitability.
•To specify visual merchandising policies and strategies for maximum product performance and profitability.
•To liaise closely with the Finance Department and assist where needed with supplier issues.
•To gather market intelligence on competitors’ strategies, their products and services.
•To maintain “ethics in business” policy in regards to all suppliers and to conduct oneself in a professional business-like manner with colleagues and external parties alike.
•To act as a mentor to buyers.

Requirements:
A degree in retailing or business administration.
Relevant 5 years experience in buying and purchasing in retailing or marketing at senior management level.
Excellent negotiation and analytical skills with an acumen for buying
Must be able to motivate and lead management staff
Sound business judgment
Meticulous and customer focused
Entrepreneurial attribute

Location: Tampines

To apply, please email resume in MS WORD format attached with recent photograph to info@cmc.com.sg.