Summary: Contributes to the profitability of store operations through the successful purchase and turn of assigned product lines.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
· Analyses weekly, monthly, quarterly and annual sales, gross profit and inventory results for the purpose of forecasting purchasing requirements and recapping product activity.
· Timely coordinates with the Inventory Control Specialist markdowns within the established limitations of liquidation and promotional sales events.
· Maintains inventory data for assigned product line(s) in accordance with company established guidelines.
· Observes practices of competition and report significant developments. Ensures and develops competitive pricing with the guidance of company President to achieve dominance in merchandise categories.
· Negotiate pricing and terms with vendors within established corporate guidelines.
· Prepares purchase orders within established suggested order program and budget constraints
· Track vendor orders to ensure the timely delivery of product to the distribution center
· Responsible for the recommendation of rotation, discount and mark downs for assigned departments.
· Responsible for projections of seasonal products and participating in the planning of assortment plans based on sales history of assigned product lines.
· Develops plan-o-grams per vendor programs as necessary and coordinates the implementation with Store personnel and district managers
· Prepare Purchase Orders for submission for approval and later to the Accounting Department.
· Attends trade shows for the purpose of scouting new product.
· Negotiates extended terms and increases lines of credits with guidance of company president.
· Maintains strong communication and professional relationships with assigned vendors.
· Negotiates return authorization numbers for defective and shopworn products
· Timely processes and coordinates the return or mark down of new galley/consignment product
· Coordinates product arrival and departure with the Distribution Center Managers
· Manages product line inventories avoiding overstock or the over purchase of product.
- Education and/or Experience - Associate's degree (A.A, A.S) from four-year college or university; or one to two years’ related experience and/or training within a Buying department supporting a Buying staff or as a Buyer’s Assistant; or equivalent combination of education and experience. 1-2 years experience utilizing an inventory management system and knowledge of inventory maintenance.
