Merchandise Buyer Resume
Summary : As a Merchandise Buyer, track record of identifying market trends, negotiating favorable terms with suppliers, optimizing product assortments, and developing and implementing strategic buying plans to meet sales and margin goals.
Skills : Market Analysis, Negotiation.
Description :
- Conducted thorough market analysis to identify emerging trends and opportunities.
- Built and maintained strong relationships with vendors to negotiate favorable terms and conditions.
- Analyzed sales data, inventory levels, and customer feedback to make informed purchasing decisions.
- Collaborated with cross-functional teams, including marketing and sales, to align product assortments with overall business objectives.
- Monitored and managed inventory levels to ensure optimal stock levels and prevent overstock or stockouts.
- Attended trade shows and industry events to stay current with market trends and competitor activities.
- Worked closely with suppliers to develop exclusive products and secure advantageous pricing.
Experience
10+ Years
Level
Senior
Education
BBA
Merchandise Buyer Resume
Summary : As a Merchandise Buyer, conducted regular product performance reviews and made data-driven recommendations for assortment adjustments. Responsible for assisting in the development and execution of buying strategies.
Skills : Product Selection, Inventory Management.
Description :
- Responsible for maintaining accurate records of purchase orders, deliveries, and vendor communications.
- Responsible for conducting market research and analysis to support the buying team in decision-making.
- Responsible for coordinating with vendors to ensure timely delivery of products and resolve any issues.
- Responsible for contributing to the creation of marketing and promotional plans for merchandise.
- Responsible for monitoring market trends to ensure dynamic and consistent product flow and increase profitability.
- Responsible for negotiating terms with vendors, created and developed marketing partnerships for product-specific events, and developed sales training tools.
- Responsible for managing the relationship with internal customers - partnered with internal customers to positively influence spending decisions, to analyze and make recommendations to the business.
Experience
7-10 Years
Level
Management
Education
BBA
Merchandise Buyer Resume
Headline : As a Merchandise Buyer, responsible for building an understanding of the business needs within the local business groups, responsible for managing vendors to ensure timely deliveries and quality compliance.
Skills : Forecasting, Vendor Management.
Description :
- Analyzed and became aware of the various demographic issues affecting each MSG venue and created products accordingly.
- Established quality control standards regarding replication of MSG marks, product safety standards, and durability.
- Created new vehicles in to improve the penetration rate in all MSG venues within and beyond current merchandise sales outlets.
- Collaborated with Merchandise team in developing the strategic plan for product category and influence cross functional team relationships.
- Analyzed daily/weekly sales reports and proposed product movement and rotation.
- Created effective working relationships across the organization to gain product feedback and market research.
- Understood licensed product guidelines in the sports and entertainment industry.
Experience
5-7 Years
Level
Executive
Education
BBA
Merchandise Buyer Resume
Objective : As a Merchandise Buyer, responsible for developing, designing, and executing buying plans and sales strategies that aided in attaining a National ranking of 26th out of nearly 500 dealers, responsible for using data and self-sourcing techniques to identify and recruit Key Buyers for Buyer program at one of ITEs Exhibitions.
Skills : Analytical, Communication.
Description :
- Brought experience, preferably in the licensed market Awarded timely trends in the marketplace via trade shows, trade publications, and competitive shopping to develop NEW, exclusive products via domestic and international sources.
- Maintained awareness of new sports licensed products where applicable.
- Purchased apparel products for entertainment shows with pinpoint accuracy due to a short selling window and lack of reorder/reaction time.
- Analyzed product selling trends in all MSG venues and maximized via in-stock position, improved costs based on larger buys, and sought related products in the category to capitalize on the trend.
- Managed inventory levels on seasonal sales plans and constantly adjusted based on actual sales to ensure inventory turnover and minimal carry-over/markdown abilities.
- Maintained and/or improved the cost of goods sold to maximize profits by volume buys where applicable via cost negotiations.
- Ensured competitive pricing structure and presentation/marketing ideas.
Experience
2-5 Years
Level
Executive
Education
BBA
Merchandise Buyer Resume
Summary : As a Merchandise Buyer, responsible for keeping regular telephone contact with prospective Key Buyers to gain more registrations. Observed consumer buying patterns, maintained stock levels, liaised with suppliers, wrote reports, took part in promotional activities, and negotiated the best prices for products.
Skills : Financial Acumen, Trend Awareness.
Description :
- Selected product and development assortment for assigned product categories.
- Developed rapport with key Senior Management of key strategic branded suppliers.
- Managed purchase markup, markdowns, open-to-buy, and gross margin while negotiating needed markdown support and annual rebates for the area of responsibility.
- Worked closely with vendor partners to negotiate all facets of product purchasing cost, retail, initial set and chase quantity, markdowns, and sales plan.
- Conducted market trend research and business analysis relevant to area of responsibility.
- Traveled to vendors, stores, and trade shows.
- Worked with internal departments to support business needs MIO, Store Ops, Marketing, and Planners.
Experience
10+ Years
Level
Senior
Education
BBA
Merchandise Buyer Resume
Objective : As a Merchandise Buyer, direct relationships with key branded suppliers to secure new product development, work across functional teams, and build relationships is essential.
Skills : Merchandising and Assortment Planning.
Description :
- Planned and implemented financial and unit goals for areas of responsibility.
- Monitored key competitors and the marketplace regarding product selection and pricing.
- Created internal and external marketing and advertising for assigned product lines.
- Established and maintained budgets including financial planning, sales, inventory, turns, and margins.
- Attended tradeshows and other industry events to identify new products and ideas to bring to market.
- Contacted suppliers regarding material problems and support resolution.
- Maintained supplier relationships by addressing and resolving any issues with invoicing, product, and delivery.
Experience
2-5 Years
Level
Executive
Education
BBA
Merchandise Buyer Resume
Objective : As a Merchandise Buyer, created purchase orders while managing warehouse inventory and maintaining open-to-buy, and understood retail space planning to ensure full optimization of the product lifecycle.
Skills : Vendor Negotiation and Relationship Management.
Description :
- Immediated general management responsibility of product lifecycle - including launch, promotional, rollout, and/or disposition planning.
- Researched product and pricing and entered into negotiations with vendors, maintained communications with DMM regarding vendor performance and order status.
- Directed management of one or two Buyer Assistants.
- Developed and delivered strategic direction, as well as tactical merchandise plans, incorporating business plans and market trends.
- Managed the approved supplier relationships as well as regularly evaluated performance to ensure service level requirements were met.
- Analyzed customer’s needs, conducted market research, and engaged with our Customer Insights Team to establish effective merchandise strategies and develop on-trend ranges.
- Identified current trends while keeping Mills’ customers in mind, built comprehensive assortments that cater to our customer needs.
Experience
2-5 Years
Level
Executive
Education
BBA
Merchandise Buyer Resume
Headline : As a Merchandise Buyer, worked with the international sourcing team to provide guidance, and timely completion of projects, identified poor performing styles, and provided liquidation and/or markdown strategy to increase velocity.
Skills : Market Analysis and Trend Forecasting.
Description :
- Established price points for merchandise, monitored sales, and executed markdowns monthly while maintaining a gross margin plan.
- Conducted competitive shopping reviews with the authority to evaluate, make recommendations, and implement.
- Developed and achieved seasonal unit plans in collaboration with the Divisional Planning Manager.
- Coached and developed assigned assistant buyer or merchandise technician, traveled to market frequently to procure merchandise, develop key items, or acquire new vendors.
- Collaborated closely with Planning and Allocation to ensure that merchandise distributions were executed correctly.
- Communicated assortment plans, promotions, and product launches effectively.
- Collaborated with demand planning teams to provide accurate sales forecasts and contribute to inventory planning efforts.
Experience
5-7 Years
Level
Executive
Education
BBA
Merchandise Buyer Resume
Headline : As a Merchandise Buyer, defined flow, marketing, and merchandise presentation for all product lines, ensured value price strategy in assigned business remains competitive by frequently shopping competitors.
Skills : Inventory Management, Data Analysis, and Reporting.
Description :
- Worked with Chefs, Restaurants, independent makers and other influencers on unique/exclusive private-label brands and products.
- Evaluated potential new products including travel to vendors across Georgia, Texas, and the South (mix will likely include both national and ultra-local merchants).
- Directed maintenance of purchase orders as needed.
- Worked closely with Planners and Distributors to ensure distributions are executed correctly and assortments are tailored to individual store and market needs.
- Planned and executed sales promotions based on chain chain-wide advertising calendar.
- Collaborated with cross-functional teams to develop and execute a cohesive assortment strategy that aligns with company goals and customer preferences.
- Analyzed market trends, consumer insights, and sales data to identify growth opportunities and inform product selection.
Experience
5-7 Years
Level
Executive
Education
BBA
Merchandise Buyer Resume
Headline : As a Merchandise Buyer established and maintained strong relationships with vendors and suppliers, and negotiated favorable terms, pricing, and promotional support to achieve optimal buying conditions.
Skills : Strong Analytical and Decision-making Skills, Excellent Communication and Presentation Skills.
Description :
- Monitored vendor performance and ensured compliance with agreements.
- Curated a balanced assortment of products that cater to different customer segments and sales channels.
- Collaborated with suppliers to source new products and maintain existing product lines.
- Developed and executed purchase plans that aligned with demand forecasts and inventory targets.
- Collaborated with inventory management teams to optimize stock levels and prevent stockouts or overstock situations.
- Monitored product performance and take timely action to adjust inventory levels as needed.
- Stayed informed about industry trends, competitor activities, and consumer preferences.
Experience
5-7 Years
Level
Executive
Education
BBA
