Prepares PO's in accordance with the approval guidelines and assists operations with purchasing decisions.
Negotiates with vendors for best prices, terms and shipment minimums. Ensures that inventory is saleable at the current prices and provides plans for aged and closeout inventory.
Analyzes sales and purchasing performance and develops strategies to improve product line performance and increase market share.
Monitors the special-order program as well as other vendor programs developed to increase sales and gross profit.
Assists the buyers in identifying potential inventory issues, developing resolutions and communicating plans to upper-level management.
Ensures inventory levels meet established inventory goals and orders comply with the purchasing strategy. Evaluates and adjusts auto-replenishment order criteria to ensure compliance with established objectives.
Makes recommendations detailed in Executive Summaries that are distributed to the executive management team bi-annually.
Works with the Sales team in developing marketing, advertising and promotions for product lines. Proofs all advertising and coordinates specials for website promotions and events as well as flyers.
Oversees maintenance of records for inventory write downs, average cost adjustments to inventory, vendor rebates and factory returns.
Assists operations staff with problem solving with regards to invoicing, purchase order discrepancies, product storage/placement, damages, returns, credits, etc.