Senior Buyer (Beauty + Toy)
MINISO is a lifestyle retail brand established in 2013 with a wide range of quality, innovative and affordable products. Delighting and enhancing customers’ everyday needs and experience throughout its current global network of 5,600 stores in over 105 countries. MINISO believes in exceptional customer service, adorable products and dedicates to bringing customers “MINI price, BIG surprise” when shopping at MINISO.
About the Position:
Under the supervision of the Merchandise Manager, the Buyer will assist Merchandise manager in overseeing several categories in merchandise procurement, product assortment, turnover, and P&L, and all the related issues with the assigned categories. You will be responsible for purchase order management, inventory maintaining, replenishment to stores, preparation for the report and plan in a timely, efficient manner
Responsibilities Include, but are not Limited to:
- Partner with the Merchandise Manager to streamline both HQ and local procurement initiatives. Contribute to the creation and execution of the local procurement product matrix
- Candidates should have demonstrated experience in managing a small team, with direct supervision of 3 to 5 personnel. Effective leadership and the ability to mentor junior buyers or purchasing assistants are essential
- Formulate and implement local procurement product purchase budgets and action plans. Take charge of specific product categories, ensuring complete and efficient procurement processes.
- Experienced and knowledgeable in purchasing practices and supply chain management. A key part of this role is to manage vendor resources efficiently. This includes selecting vendors, negotiating purchase terms, managing contracts, and maintaining relationships to ensure a reliable supply of quality products
- Direct procurement, sample acquisition, and liaise with suppliers for product assortment decisions. Monitor inventory fluctuations, pinpointing and addressing issues promptly. Strategize and execute plans for introducing new local procurement products. Engage with suppliers to balance cost, quality, delivery efficiency, and stability of supply
- Oversee key performance indicators for the local procurement team. Keep track of stockouts, slow sellers, and product lifespan, suggesting and implementing optimization techniques when necessary
- Supervise local procurement product sales projections, order processing, deliveries, and financial transactions. Facilitate the integration of marketing plans, shelving accessories, and display materials for local products in stores
- Regularly generate detailed reports on local procurement product performance, both weekly and monthly. Skillfully use and navigate internal systems like OA, SAP, and other relevant product-related software
- Collaborate with various internal teams - including HQ, warehousing, operations, logistics, finance, and marketing - to ensure smooth product integration, expense approvals, product launches, and promotional rollouts
- Address and resolve any complexities arising from procurement orders, ensuring prompt confirmations and proactive problem-solving
- Undertake any other related tasks or projects as they arise
- Bachelor’s degree in business, preferably with a specialization in Supply Chain Management. Additionally, a minimum of 5 years or more substantial work experience in Japanese cosmetics and toys is essential.
- Proven experience in the retail sector, with a significant advantage for those having extensive experience and resources in toy and cosmetic supplier channels.
- Advanced proficiency in MS Excel for analytical tasks and reporting; familiarity with OA/SAP platforms is highly regarded.
- Demonstrated capability in efficiently addressing and resolving challenges.
- Ability to manage multiple tasks concurrently without compromising quality.
- Excellent communication skills for both internal discussions and external negotiations.
- Proven track record of collaborating cross-functionally with diverse teams across different locations and time zones.
- Keen attention to detail and a commitment to consistently high work standards.
- Agility to adapt to changing circumstances, maintaining composure under pressure, and quickly responding to market or strategic changes.
- Strong analytical skills with the ability to interpret data insightfully.
- A team player with an entrepreneurial spirit and a strong passion for the industry.
- Willingness and ability to travel occasionally for business needs, including domestic and international trips for client visits, industry conferences, etc.