About Novela
Novela is Singapore’s first international multi-brand beauty retail store. Keeping up with the latest trends, Novela aims to capture the hearts of beauty shoppers with a wide range of luxury beauty products including skin & body care, fragrances, and makeup.
Novela’s logo is a black quill pen, which is symbolic of a woman’s beauty, elegance, and knowledge. Indeed, we believe that you can exude beauty from the inside out with the right beauty regime. By curating the best beauty brands from across the globe and offering them at affordable prices, we aim to simplify and elevate your shopping experience with premium products handpicked by us.
About this role:
We are seeking a highly motivated and detail-oriented Supply & Demand Planner to join our team. The Supply & Demand Planner will play a crucial role in ensuring the smooth and efficient flow of products through our supply chain. This position will be responsible for optimizing inventory levels, forecasting demand, and liaising with internal teams such as Category Buyer/Procurement to ensure product availability. The ideal candidate will have a strong analytical mindset, excellent communication skills, and a passion for the beauty industry.
Key Responsibilities:
Demand Forecasting:
- Develop and maintain accurate demand forecasts for all beauty products.
- Analyze historical sales data, market trends, and customer feedback to make informed demand predictions.
- Collaborate with the sales and marketing teams to gather insights and adjust forecasts accordingly.
Inventory Management:
- Monitor inventory levels and reorder points to prevent stockouts and overstock situations.
- Work closely with vendors and suppliers to ensure on-time deliveries and manage lead times effectively.
- Implement inventory optimization strategies to minimize carrying costs while meeting customer demand.
Supply Chain Coordination:
- Communicate regularly with Category Buyer/Procurement teams to address any supply disruptions or issues.
- Develop and maintain strong relationships with key suppliers to negotiate favorable terms and pricing.
- Collaborate with cross-functional teams to align supply chain activities with business goals.
Data Analysis:
- Utilize advanced analytics tools and software to analyze sales data and inventory performance.
- Generate reports and insights to drive data-driven decision-making within the organization.
- Identify opportunities for process improvement and cost reduction.
Qualifications:
- Bachelor’s degree in supply chain management, Business, or a related field.
- 5+ years of experience in supply chain planning, preferably in the beauty or retail industry.
- Strong analytical skills with the ability to work with complex data sets.
- Proficiency in demand forecasting and inventory management software.
- Excellent communication and negotiation skills.
- Detail-oriented with a strong focus on accuracy.
- Ability to work in a fast-paced and dynamic environment.
- Knowledge of beauty industry trends and products is a plus.