Merchandise Buyer selects merchandise for order, places order, and stays involved in inventory distribution. Reviews success of previous orders to determine extent to which inventory should be replenished. Being a Merchandise Buyer researches new trends or advances in product lines to make appropriate buying decisions. May require a bachelor's degree in area of specialty. Additionally, Merchandise Buyer typically reports to a supervisor or manager. To be a Merchandise Buyer typically requires 4 to 7 years of related experience. Contributes to moderately complex aspects of a project. Work is generally independent and collaborative in nature. (Copyright 2024 Salary.com)
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Job Summary:
The Buyer will be responsible for the Purchasing of assigned product from “cradle to grave” (i.e. new product development, sustaining and obsolescence). They will be responsible for a “heavy” product load and must be able to work with minimal supervision to effectively manage assigned product.
Proactively analyzes and interprets information from ERP SAP system and determines if purchase requisitions should be processed (i.e. converted to a purchase order) or whether ad hoc purchase orders need created in order to fulfill the forecast for the period. This individual will make day-to-day decisions that demonstrate a basic understanding of financial business drivers including balancing minimum order quantities against the impact to excess and obsolete inventory, expediting inventory and deliveries, negotiating low risk price discrepancies directly with suppliers, pushing out delivery dates if the forecast changes, and knowing when to escalate issues to manager or higher when deliveries look like they will be delayed (e.g. due to supplier constraints) impacting overall customer service level satisfaction. To be successful in this role, one must have a solid understanding of the end-to-end Supply Chain process (i.e. how demand planning impacts supply planning, how inventory in the right place at the right time drives order fulfillment and service levels etc.), be able to diagnoses the root cause of problems to minimize interruptions to production and solve low to medium complexity challenges with minimal supervision.
As an integral part of the Supply Team, this person will work directly with Suppliers, Marketing, Sales, Accounting, Operations, Logistics and Engineering to ensure an equitable balance between excellent customer service levels and inventory on hand.
Principal Duties and Responsibilities:
This is not an exhaustive list of duties or functions and may not necessarily comprise all of the "essential functions" for purposes of the ADA.
Expected Areas of Competence (i.e., knowledge, skills, and abilities)
Education/Experience Requirements
Travel Requirements
Up to 10%