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Buyer's Sales Procurement Specialist

4 months ago

Edmond, United States HomeWetBar.com Gifts Full time
Description

We are seeking a dynamic and experienced Buyer to join our team. The ideal candidate will have a keen eye for trends, excellent negotiation skills, and a strong understanding of the retail market. As a Buyer, you will be responsible for selecting and purchasing merchandise for our stores and sourcing components for wholesale production and assembling, sourcing, and pricing negotiating. Ensuring a diverse and appealing product range that meets customer demands and aligns with our brand.

Responsibilities

•Analyze market trends and consumer preferences to identify potential products and suppliers.
•Competitor and cost analysis to ensure items are priced correctly and displayed accurately.
•Source, find, obtain and procure products from overseas suppliers taking into account all variables duties, taxes, transit costs.
•Negotiate with suppliers to secure the best prices, terms, and delivery schedules.
•Initiate purchase orders for products, raw materials, and other supplies; forecast demand and production schedules.
•Use independent judgment to expedite or defer orders as required based on sales / schedule changes.
•Ensure compliance of quality, safety, packaging, and timeliness standards by overseas and domestic suppliers.
•Obtain samples which match specifications, evaluate the quality and suitability of products.
•Input/track orders and resolve delivery issues with vendors
•Recommend advertising opportunities to sales based on inventory levels and purchasing opportunities.
•Assist with periodic inventory counts.
•Manage inventory levels to optimize stock turnover and minimize excess stock.
•Develop product assortments and gift sets, pitch concepts and promotional strategies to the merchandising team.
•Monitor and analyze sales performance to inform future purchasing decisions.
•Own the financial outcomes for the performance of the products.
•Regularly assess performance and revise assortment as needed.
•Rebidding of products increase efficiencies and lower costs.
•Travel Required: Yes, less than 10% of the Time.
•Other tasks as required by management.

Qualifications

•Bachelor's degree in Business, Marketing, Fashion Merchandising, or a related field with a minimum of 5 years of experience in retail buying, OR
•Master's degree in Business, Marketing, Fashion Merchandising, or a related field with a minimum of 3 years of experience in retail buying.
•Strong analytical skills and proficiency in data analysis tools.
•Demonstrated ability to negotiate favorable pricing and terms with vendors.
•Ability to work independently and make informed decisions.
•Strong organizational skills and attention to detail.
•Proficiency in Google / Microsoft Office Suite (Excel, Word, PowerPoint).
•Knowledge of retail software and inventory management systems is a plus.