Procurement Specialist for Smithsonian Merchandising

6 days ago

Washington, Washington, D.C., United States Smithsonian Enterprises Full time

The Smithsonian Institution's Museum Store Merchandising team in Washington DC is seeking an experienced Associate Buyer to assist with merchandise selection and procurement of product for the retail stores within the Smithsonian museums.

Job Responsibilities
  • Work collaboratively with the Buyer to achieve financial goals, including maximizing sales, margins, and inventory turnover by managing inventories and assortment by store.
  • Develop sales plans for assigned departments and by store, and contribute to the development of annual and seasonal assortment plans at department and class levels.
  • Analyze historical and current year performance to identify opportunities and liabilities, and participate in the Assortment Plan process.
  • Manage replenishment purchase orders from initial allocation through the end of the life cycle of merchandise, ensuring accurate inventory levels at warehouses and stores.
  • Responsible for managing purchases, receipts, and markdowns to ensure a smooth flow of merchandise relative to sales opportunities.
Requirements
  • Bachelor's degree (B.A.) from a four-year college or university, or at least 5 years retail buying and/or planning experience and training.
  • Knowledge of retail markets and industries, as well as Open to Buy concepts and analytical skills.
  • Ability to budget and achieve budget metrics, and proficiency in Microsoft programs (Excel, Word, and PowerPoint).
  • Excellent written and oral communication skills, with the ability to promote ideas effectively to internal and external partners.
  • Strong negotiation skills, problem-solving abilities, and service orientation.
Benefits

Competitive salary: $72,000 - $78,000 annually, commensurate with experience. Comprehensive benefits package, including health insurance, life insurance, dental/vision insurance, transit/commuter benefits, accidental death and dismemberment insurance, annual leave, family-friendly leave, and a 403(b) retirement program.

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