Senior Buyer Jobs

Job Overview:

In the position of an Off-Price Buyer for an ecom store, your responsibility will include identifying, sourcing, and purchasing merchandise for our online off-price retail business in all categories. Your main goal will be to obtain high-quality products from several suppliers and negotiate reasonable prices to ensure a continuous supply of popular and attractive items to our online store.

The job requires you to have a sharp eye for trends, excellent negotiation skills, knowledge of the market, and the ability to maintain strong relationships with suppliers. You will work closely with the management and play a vital role in establishing our presence as a leading strategic online retailer.

Key Responsibilities:

• Stay updated on market trends, consumer preferences, and industry developments to make informed buying decisions for our online store.
• Inventory Management:
• Monitor competitors' offerings and pricing strategies in the online space to identify potential opportunities and stay competitive in the online market.
• Category Management:
• Provide input on pricing, promotions, and marketing campaigns tailored for online customers.
• Collaborate with the merchandising team, digital marketing, and online store operations to align buying strategies with overall business goals for the online platform.
• Data Analysis and Forecasting:
• Develop a comprehensive understanding of various product categories, including but not limited to apparel, accessories, footwear, home goods, electronics, and more, in the context of online retail.
• Negotiate purchase terms, pricing, and volume discounts to maximize profitability while offering compelling deals to customers in the online marketplace.
• Utilize data analysis tools to assess sales performance, demand patterns, and inventory turnover for online products.
• Generate accurate sales forecasts and adjust buying strategies accordingly to optimize online sales.
• Evaluate potential suppliers based on their product offerings, quality, reliability, and pricing competitiveness for online retail.
• Monitor inventory levels, sales performance, and market demand to maintain an optimal mix of products in each category for the online platform.
• Supplier Identification and Relationship Management:
• Compliance and Quality Control:
• Cross-functional Collaboration:
• Collaborate with quality control teams to resolve any product-related issues affecting online customers.
• Ensure timely procurement of merchandise to maintain consistent inventory levels and meet sales targets for our online store.
• Negotiation and Procurement:
• Ensure that all procured products meet quality standards, safety regulations, and legal requirements for online sales.
• Source and establish relationships with a diverse range of suppliers, including manufacturers, wholesalers, distributors, and other partners, focusing on online sales channels.
• Implement inventory control measures to minimize excess stock and markdowns for online sales.
• Competitive Research:

Qualifications and Skills:

• Strong negotiation skills and the ability to build and maintain positive supplier relationships.
• A proactive, self-motivated, and results-oriented approach to work.
• Excellent analytical and data-driven decision-making abilities.
• Outstanding organizational skills and the ability to manage multiple projects simultaneously.
• Effective communication and presentation skills.
• Proven experience as a buyer in an off-price retail setting, with exposure to various product categories.
• Bachelor's degree in Business, Merchandising, Supply Chain Management, or a related field (or equivalent experience).
• Market awareness and a keen understanding of consumer trends.
• Proficiency in using inventory management software and data analysis tools.

Benefits: We offer a comprehensive benefits package that includes:

• Employee Discount.
• Health insurance.
• Paid Time off.
• Computer Benefit.
• 401K.

Salary:

• Range: 90K to $200K

As a Senior Buyer, you will play a crucial role in driving the success of our off-price retail business. Your strategic buying decisions will impact our profitability and customer satisfaction, making this a challenging and rewarding position for a talented professional with a passion for the retail industry.