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Buyer

Job description

The Buyer is responsible for being a key business partner to Wholesale, Retail, and E-Commerce Divisions. Managing open to buy process, developing, executing, and communicating merchandise plans and strategies that support all objectives of the divisions. Ability to drive financial results that maximize sales, inventory and bottom line profitability.

Responsibilties

  • Analyze historical data and current trends to identify risks and opportunities by location and classification and recommend strategies to achieve financial goals, and to build assortment to maximize sales based on historical trends.
  • Collaborate with management to develop and communicate a comprehensive strategy that aligns future financial and product opportunities by category and class.
  • Plan minimum and maximum stock target by item.
  • Project end of season inventory by item and plan carryover items.
  • Plan and suggest weekly markdowns and promotions by item to increase sales or move through inventory.
  • Recap and analyze actual sales results to plan, and forecast in-season sales and inventories.
  • Partner with store managers on allocation needs by store.
  • Manage Purchase order placement and follow up for retail
  • Manage product sku creation process in retail system for stores
  • Manage on order for accurate ex-factory and delivery by communicating with vendors and intercompany partners
  • Forecast flow of receipts by month, by store, and by class/subclass
  • Manage and monitor the gross margin and understand how it affects the bottom line.
  • Re-forecast sales and manage inventory to meet financial seasonal goals. Place orders as needed based on business needs.
  • Create Sales, Inventory, and Margin reporting for all divisions, Communicating analysis of results, forecasts, and action plans to manager and cross-functional teams in key meetings, and sending to SRL.
  • Partner with the Planner to forecast yearly inventory purchases for all divisions, broken down by month for Cash Flow reporting
  • Create and Maintain Items in Great Plains system.
  • Submit all Custom Order billing to Finance and determine applicable Freight costs to charge customer
  • Supervise one direct report
  • Ad-Hoc reporting for Inventory, Sales and Finance

Desired Skills and Experience

  • Bachelors in Business
  • 5+ years of experience in Supply Chain, Inventory Management or Planning in any industry (required). Individual must have a strong knowledge from start of production cycle to the distribution to end user.
  • Demonstrates logical analysis and problem solving skills
  • Flexible and adaptive to changing priorities
  • Able to organize and prioritize workload to meet deadlines
  • Proficient in Microsoft Excel required and Celerant, preferred
  • Ability to multi-task and work well with multiple and changing priorities in a high-pressure environment
  • Ability to work with little to no supervision
  • Ability to create solutions and workarounds for system limitations

Email careers@frette.com