Procurement Specialist, Buyer (Ecommerce-Retail)

HomeWetBar.com Gifts - Central Oklahoma City, OK

Full-time - Mid Level

Central Oklahoma City, OK

About the position

The e-commerce Buyer - Procurement Specialist will be responsible for sourcing and purchasing products for online stores, as well as identifying materials for wholesale production. This role requires a keen eye for trends, excellent negotiation skills, and a deep understanding of the retail industry to ensure that the product range aligns with brand identity and meets customer demands.

Responsibilities

• Analyze market trends and consumer preferences to identify potential products and suppliers.
• Conduct competitor and cost analysis to ensure items are priced correctly and displayed accurately.
• Source, find, obtain, and procure products from overseas suppliers, considering all variables such as duties, taxes, and transit costs.
• Negotiate with suppliers to secure the best prices, terms, and delivery schedules.
• Initiate purchase orders for products, raw materials, and other supplies; forecast demand and production schedules.
• Use independent judgment to expedite or defer orders based on sales/schedule changes.
• Ensure compliance with quality, safety, packaging, and timeliness standards by overseas and domestic suppliers.
• Obtain samples that match specifications and evaluate the quality and suitability of products.
• Input/track orders and resolve delivery issues with vendors.
• Recommend advertising opportunities to sales based on inventory levels and purchasing opportunities.
• Assist with periodic inventory counts.
• Manage inventory levels to optimize stock turnover and minimize excess stock.
• Develop product assortments and gift sets, pitch concepts and promotional strategies to the merchandising team.
• Monitor and analyze sales performance to inform future purchasing decisions.
• Own the financial outcomes for the performance of the products.
• Regularly assess performance and revise assortment as needed.
• Rebid products to increase efficiencies and lower costs.
• Perform other tasks as required by management.

Requirements

• A Bachelor's degree in Business, Marketing, Fashion Merchandising, or a related field is required, along with a minimum of 5 years of experience in retail buying, or alternatively, a Master's degree in the same field with at least 3 years of experience in retail buying.
• Strong analytical skills and proficiency in using data analysis tools.
• Demonstrated ability to effectively negotiate pricing and terms with vendors.
• Capability to work independently and make well-informed decisions.
• Strong organizational skills and meticulous attention to detail.
• Proficiency in the Google/Microsoft Office Suite (Excel, Word, PowerPoint) is necessary.
• Knowledge of retail software and inventory management systems would be advantageous.

Benefits

• Health
• Dental
• Vision
• 401(k) match
• PTO package
• Education benefits
• Employee Discounts