What are the responsibilities and job description for the Wholesale/Retail Purchasing Specialist position at Sugarboo & Co?
Job Details
Description
Position Overview: The Wholesale Purchasing Specialist - Home Accents and Décor plays a critical role in managing the procurement process for home accents and décor products, ensuring timely and cost-effective acquisition while maintaining quality standards. This position requires a keen understanding of market trends, supplier relationships, and negotiation skills to optimize purchasing decisions and support the company's overall objectives. Strong analytical skills are essential for evaluating data and making informed purchasing decisions.
Key Responsibilities:
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Procurement Management:
- Research, identify, and source potential suppliers for home accents and décor products.
- Negotiate pricing, terms, and contracts with suppliers to secure favorable arrangements.
- Evaluate supplier performance and conduct regular assessments to ensure adherence to quality and delivery standards.
- Monitor market trends, industry developments, and competitor activities in the home accents and décor sector to inform purchasing strategies.
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Inventory Management:
- Collaborate with inventory management teams to forecast demand and ensure adequate stock levels.
- Maintain accurate records of inventory levels, purchases, and supplier information using appropriate software systems.
- Implement inventory control measures to minimize excess inventory and reduce carrying costs.
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Relationship Management:
- Cultivate and maintain strong relationships with existing and potential suppliers of home accents and décor products.
- Communicate effectively with suppliers to address issues, resolve disputes, and optimize collaboration.
- Collaborate with cross-functional teams, including sales, marketing, and finance, to align purchasing activities with business objectives.
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Cost Optimization:
- Identify opportunities for cost savings through supplier negotiations, volume discounts, and alternative sourcing strategies.
- Analyze pricing trends and market conditions in the home accents and décor industry to optimize purchasing decisions and maximize profitability.
- Develop and implement cost-saving initiatives without compromising quality or service levels.
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Compliance and Risk Management:
- Ensure compliance with legal and regulatory requirements related to procurement activities.
- Assess and mitigate supply chain risks, such as supplier disruptions, quality issues, and geopolitical factors.
- Stay informed about industry best practices and emerging trends in procurement and supply chain management.
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Data Analysis and Reporting:
- Utilize strong analytical skills to assess procurement data, identify trends, and provide actionable insights.
- Prepare and present detailed reports on purchasing activities, supplier performance, and cost analysis to senior management.
- Use data-driven approaches to support strategic purchasing decisions and continuous improvement initiatives.
Qualifications
- Bachelor's degree in Business Administration, Supply Chain Management, or a related field.
- Proven experience in wholesale purchasing, procurement, or supply chain management, with a focus on home accents and décor products.
- Strong analytical skills with the ability to evaluate data and make informed decisions.
- Strong negotiation skills and ability to build and maintain effective supplier relationships.
- Proficiency in using procurement software and Microsoft Office Suite.
- Excellent analytical, organizational, and problem-solving skills.
- Attention to detail and ability to multitask in a fast-paced environment.
- Strong communication and interpersonal skills.
- Knowledge of relevant laws, regulations, and industry standards.
The Wholesale Purchasing Specialist - Home Accents and Décor plays a crucial role in ensuring the efficient and cost-effective acquisition of home accents and décor products, contributing to the company's success through strategic procurement management, supplier relationship optimization, and data-driven decision-making.
