Buyer
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Key skills for this role
About the Role
BFL Group seeks a Buyer to curate product assortments, drive sales and profitability, and manage supplier relationships. Responsibilities include pricing analysis, purchase order management, inventory planning, and market trend monitoring.
Key Skills for This Role
Responsibilities
- Analyse and determine pricing and product mix
- Submit and track purchase orders, ensuring timely processing and delivery
- Ensure products are purchased at the right time, meet specifications, and are competitively priced
- Build strong supplier relationships
- Prepare and adjust competitive pricing strategies
- Plan and monitor inventory levels to maintain optimal stock
- Request and review new offers from Category managers
- Stay updated on latest fashion brands and industry trends
- Keep buying spreadsheets and records up to date
- Communicate with relevant departments and support warehouse team with pricing details
Requirements
- 3+ years of experience as a Buyer or Assistant Buyer in the retail industry
- Strong understanding of trends, product sourcing, and the off price retail model
- Exceptional negotiation, communication, and relationship building skills
- Analytical mindset with the ability to interpret sales data and market trends
- Strong organizational and time management skills
- Bachelor’s degree in Business, Fashion Merchandising, or related field (preferred)
- Strong business acumen with a passion for retail
- Adaptability to a fast paced, ever changing retail environment
Full Job Posting
Company Overview
- BFL Group is one of the world’s leading off price retailers of fashion and homeware, serving markets across the region and Southeast Asia.
Role Purpose
- The Buyer is responsible for curating and managing the product assortment to drive sales and profitability while ensuring the right balance of inventory, trends, and customer demand.
Key Responsibilities
- Analyse and Determine Pricing & Product Mix: Assess files to calculate accurate pricing and select an optimal product mix.
- Purchase Order Management: Submit, and track purchase orders, ensuring timely processing and delivery.
- Supplier Relations & Pricing Strategy: Ensure products are purchased at the right time, meet specifications, and are competitively priced. Regularly check online prices to ensure market competitiveness.
- Build Strong Supplier Relationships: Foster long term, positive partnerships with suppliers to ensure consistent product availability and favourable terms.
- Competitive Pricing & Retail Strategy: Prepare and adjust competitive pricing strategies to align with market demands and business objectives.
- Inventory Management: Plan and monitor inventory levels to maintain optimal stock levels, avoiding overstock or stockouts.
- Collaborate with Category Managers: Request and review new offers from Category managers for specific brands or departments, ensuring product selection meets market demand.
- Market Awareness & Trend Monitoring: Stay updated on the latest fashion brands and industry trends to inform buying decisions and maintain competitiveness.
- Maintain Product Documentation: Keep buying spreadsheets and records up to date with product details and incoming stock manifests.
- Cross Department Collaboration: Communicate with relevant departments as necessary and provide support to the warehouse team with product pricing details.
Requirements
- 3+ years of experience as a Buyer or Assistant Buyer in the retail industry.
- Strong understanding of trends, product sourcing, and the off price retail model.
- Exceptional negotiation, communication, and relationship building skills.
- Analytical mindset with the ability to interpret sales data and market trends.
- Strong organizational and time management skills, with the ability to manage multiple projects and priorities.
- Bachelor’s degree in Business, Fashion Merchandising, or related field (preferred).
- Strong business acumen with a passion for retail.
- Adaptability to a fast paced, ever changing retail environment.
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