The Sr. Buyer researches and selects products for specified categories for each catalog; maintains budgeted profit margins, product quality standards, and meets or exceeds customer expectations through selection and pricing.
RESPONSIBILITIES
- Researches trends on lifestyles, target customers, and competition through print, internet, stores, domestic and international trade markets and in-house data.
- Analyzes sales history for trends and item performance; determines item pick-ups.
- Writes a market plan for each catalog based on research.
- Develops and sources products for final approval by chief merchant; collects product concepts, works with designers and vendors to have product designed properly, and sources open market to complete the catalog line.
- Ensures all products meet cost, size, weight, purchasing requirements and quality standards.
- Develops and maintains a schedule for each catalog.
- Analyzes data to determine categories and looks for the catalog, creates a product assortment and catalog merchandising plan to ensure maximum sales.
- Organizes merchandise to maintain a balance of relist and new merchandise that reflects sales history and new market trends.
- Participates in product negotiations and initial buys of new products.
- Monitors vendor performance as to quality, price, and delivery to determine vendor base.
- Provides information on comparable price studies for each item to ensure the catalog is value priced.
- Ensures vendor specifications are correct and clear for vendors and the Quality Department.
- Works closely with the Quality Department to review products and set product standards; consistently monitors returns and quality issues that impact profitability.
- Drives the sales and margin performance to plan, maintaining product integrity.
- Reviews item profitability in order to develop seasonal catalog page plans and identify areas for growth.
- Enters data into the MAPS System.
- Proofs catalogs; rebuilds catalogs as required.
SCOPE
- Works under general supervision. Position requires the exercise of independent judgment.
- Works closely with the Creative Department in catalog presentation and copy direction of products.
- Works closely with the Inventory Department in vendor analysis and information exchange for initial and re-orders.
- Works closely with the QC Department to ensure quality standards are met.
- Regular interaction with Executive Department and outside vendors.
- Supervises the daily activities of one or more merchandising associates.
SKILLS REQUIRED
- Strong understanding of the job functions and possesses the knowledge and skills required to perform the required job functions.
- Dependable, responsible and willing to accept accountability.
- Strong continuous learning for self and others; keeps abreast of changes in current field and new technology.
- Strong communication (verbal and written) and interpersonal skills; ability to interact with a diverse audience.
- Ability to build and lead effective teams; ensures cooperation between the team and others.
- Strong customer service orientation (internal and external customers).
- Ability to adapt to a continuously changing working environment.
- Results oriented with good planning, organizational and time management skills. Handles multiple tasks in a fast-paced deadline driven environment. Delivers on commitments.
- Strong analytical, decision making, and problem solving skills.
- Ability to hire, train and develop resources to maximize efficiency and effectiveness; recognizes and effectively leverages associates skills and abilities.
- Ability to develop and implement more efficient ways of working.
- Strong computer skills including word processing, spreadsheet, database programs, and report writing.
- Ability to adapt to a continuously changing working environment.
- Ability to develop and implement more efficient ways of working.
- Creative and aesthetic talents and abilities.
EDUCATION & EXPERIENCE
- Bachelor’s Degree in Merchandising, Marketing, Interior Design or related field, or equivalent experience.
- 5 – 7 years buying experience; preferably in the catalog industry; experience in sourcing/buying in both the domestic and international marketplace.