Purpose of Position:
The Buyer will manage all merchandise procurement and product mix evaluation activities including, but not limited to: negotiating with vendors to obtain competitive pricing, quantities, and delivery dates; analyzing sales data; and establishing improved procurement programs. This role will focus on optimizing inventory levels while minimizing product stockouts and maintaining high customer service levels.
Essential Duties and Responsibilities:
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- Determine and manage assortment selection to ensure achievement of sales, inventory turn, and margin goals
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- Analyze and hindsight category performance to develop strategy and identify future business opportunities
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- Maintain an understanding of national markets and product trends impacting current performance and future potential
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- Maintain a close working relationship with Demand Planners to ensure forecast accuracy and system updates in a dynamic product environment
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- Collaborate cross-functionally on assortment promotions, product launches, and vendor displays
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- Negotiate and administer purchasing contracts, vendor programs, and advertising co-op agreements
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- Identify and resolve potential purchasing issues and ensure timely and accurate product delivery
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- Build and maintain strong working relationships with vendor partners
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- Avoid stockouts, manage risk of excess inventory and expediting costs, and communicate with store-level personnel on regional needs
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- Own category-level performance metrics, including sales, margin, and inventory turnover
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- All other duties as assigned