Merchandise Buyer jobs in Phoenix, AZ

As a Retail Buyer, you will play a crucial role in ensuring that our retail business operates efficiently by selecting and purchasing merchandise for resale. Your responsibilities will include identifying product trends, negotiating with suppliers, managing inventory levels, and analyzing sales data to make informed purchasing decisions. You will collaborate closely with various departments such as marketing, sales, and inventory management to maximize profitability and meet customer demands.

Key Responsibilities:

• Product Selection: Research and identify product trends, consumer preferences, and market demands to curate a diverse and appealing product assortment.

• Supplier Negotiation: Develop and maintain relationships with suppliers, negotiate terms and pricing, and secure favorable agreements to ensure competitive pricing and quality products.

• Inventory Management: Monitor inventory levels, track stock movement, and optimize inventory turnover to minimize stockouts and overstock situations while maximizing sales opportunities.

• Sales Analysis: Analyze sales data, market trends, and consumer behavior to forecast demand, identify opportunities, and adjust purchasing strategies accordingly.

• Cost Control: Work within budgetary constraints to achieve optimal product margins, minimize expenses, and maximize profitability.

• Merchandising: Collaborate with the merchandising team to create visually appealing displays, promotions, and marketing strategies to drive sales and enhance the customer shopping experience.

• Supplier Relationship Management: Build and maintain strong relationships with suppliers, ensuring timely deliveries, resolving issues promptly, and exploring opportunities for collaboration and innovation.

• Compliance and Risk Management: Ensure compliance with legal and regulatory requirements related to product sourcing, labeling, and safety standards. Proactively identify and mitigate risks related to supply chain disruptions or product quality issues.

• Market Research: Stay informed about industry trends, competitor activities, and emerging market opportunities to anticipate changes and capitalize on market developments.

Qualifications:

• Bachelor's degree or equivalent work experience.
• Proven experience as a retail buyer or in a similar procurement role, preferably within the retail industry.
• Strong analytical skills with the ability to interpret data and make data-driven decisions.
• Excellent negotiation and communication skills.
• Proficiency in Microsoft Excel or other data analysis tools.
• Ability to multitask, prioritize workload, and work effectively under pressure.
• Knowledge of inventory management systems and retail merchandising principles.
• Understanding of sourcing, procurement, and supply chain management processes.
• Creative thinking and a keen eye for product selection and merchandising.

This job description outlines the primary responsibilities and qualifications for the role of a Retail Buyer. However, specific duties and requirements may vary depending on the organization and the nature of the retail business.