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Procurement Specialist, Buyer

2 months ago

Edmond, Oklahoma, United States HomeWetBar Gifts Full time

About the Role

We are seeking a skilled and experienced e-commerce procurement specialist to join our team at HomeWetBar Gifts. The ideal candidate will have a keen eye for trends, excellent negotiation skills, and a deep understanding of the retail industry.

Key Responsibilities

  • Analyze market trends and consumer preferences to identify potential products and suppliers.
  • Conduct 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, and 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 that match specifications, and 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 increases efficiencies and lowers costs.

Requirements

  • A Bachelor's degree in Business, Marketing, Fashion Merchandising, or a related field is required, along with a minimum of 5 years of experience in retail buying, or alternatively, a Master's degree in the same field with at least 3 years of experience in retail buying.
  • The candidate should possess strong analytical skills and be proficient in using data analysis tools.
  • Demonstrated ability to effectively negotiate pricing and terms with vendors is essential.
  • The candidate must be capable of working independently and making well-informed decisions.
  • Strong organizational skills and meticulous attention to detail are critical for this role.
  • Proficiency in the Google/Microsoft Office Suite (Excel, Word, PowerPoint) is necessary.
  • Knowledge of retail software and inventory management systems would be advantageous.