Found Description
Job Summary
The Merchandise Buyer role is responsible for driving profitable assortment planning and inventory management through strategic Open-to-Buy (OTB) control, principal sourcing, and data-driven decision-making. The role ensures optimal product mix, timely procurement, and effective vendor negotiations while monitoring sell-through performance and inventory health across all channels. It supports business growth through market and competitor analysis, accurate reporting, and cross-functional coordination. The position also leads the integration of AI and analytics to enhance demand forecasting, inventory optimization, and overall buying efficiency.
Merchandise Planning and Buying
- Develop and manage the Open-to-Buy (OTB) plan, a critical financial budget that dictates inventory purchases, ensuring alignment with sales forecasts and inventory targets to maximize gross margin return on investment (GMROI).
- Execute strategic principa...