
Merchandise Purchasing Specialist
2 days ago
This role entails overseeing merchandise purchasing and coordinating with vendors for assigned departments. The primary goal is to find top-quality products at competitive prices, ensuring customer satisfaction.
Main responsibilities include:
• Developing a comprehensive buying strategy and adhering to it consistently.
• Collaborating with merchandising teams to ensure timely deliveries of purchase orders.
• Conducting market research on customer preferences and emerging trends to identify future product opportunities.
• Designing pricing strategies in conjunction with marketing and management to secure optimal pricing agreements with suppliers.
• Sourcing products that meet customer needs while maximizing current sourcing channels and identifying new ones.
• Supporting negotiations with suppliers to secure the best costs and margins.
• Working closely with designers to develop styles, research fabrics, and advise on best-sellers.
• Managing stock, style options, quantities, promotions, and markdowns in collaboration with merchandising teams.
• Tracking competitor activities, trends, and forecasting through market research.
• Creating promotional plans, product presentations, and packaging.
• Reviewing and adjusting season plans and weekly plans as needed.
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