Job Brief
As a Merchandise Buyer, you will play a pivotal role in selecting and procuring a diverse range of products for resale, focusing on both durable and nondurable goods. You will analyze market trends, sales data, and product quality to make informed purchasing decisions that align with company goals. The ideal candidate will possess strong negotiation skills, a keen eye for quality, and a background in retail or wholesale buying. This position requires experience in managing vendor relationships and a deep understanding of market dynamics.
Responsibilities
- Analyze past buying trends, sales records, and market conditions to optimize inventory levels and purchasing strategies.
- Select and order merchandise according to contractual agreements while ensuring quality and cost-effectiveness.
- Conduct meetings with sales personnel to introduce new products and align purchasing strategies with sales objectives.
- Negotiate contracts with suppliers to secure favorable terms and pricing.
- Monitor and evaluate merchandise performance, adjusting purchasing strategies based on sales outcomes.
- Collaborate with inventory management teams to ensure accurate stock levels and timely replenishment.
- Stay informed on industry trends and competitor activities to identify potential opportunities for growth.
Requirements
- Bachelor’s degree in Business Administration, Retail Management, or a related field.
- Proven experience as a Merchandise Buyer or similar role in retail or wholesale environments.
- Strong analytical skills with the ability to interpret sales data and market research.
- Excellent negotiation and communication skills.
- Proficiency in inventory management software and Microsoft Office Suite.
- Understanding of supply chain management and vendor relations.
- Ability to work collaboratively in a fast-paced environment.
Similar Job Titles
- Purchasing Agent
- Product Buyer
- Retail Buyer
- Wholesale Buyer
- Buying Manager
- Category Buyer
- Procurement Buyer
- Merchandise Planner
