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The Assistant Buyer plays a crucial role in supporting the Buyer with various aspects of merchandise selection, pricing, purchasing, and business analysis. This position is essential for ensuring that the products available meet customer demands while maximizing sales and profitability. The Assistant Buyer is tasked with managing the day-to-day functions necessary to execute the merchandising strategy effectively. This role requires a blend of analytical skills, excellent communication abilities, and a keen interest in staying updated with market trends to make informed decisions. In the realm of Category Management and Assortment Planning, the Assistant Buyer works under the guidance of the Buyer to select and purchase products that align with financial sales and profit goals for their assigned categories. This includes creating category assortment plans that detail product information, markup, margin of new SKUs, and pricing recommendations based on thorough market analysis. The Assistant Buyer also plays a pivotal role in recommending items to discontinue based on SKU and sales analysis, monitoring product shipping configurations, and negotiating packaging shipping terms. Collaboration with cross-functional partners is key to executing the end-to-end merchandising process, ensuring that sales and profit maximization is achieved through strategic execution. Performance Analysis is another critical area of responsibility. The Assistant Buyer utilizes data analytics tools to analyze sales, inventory, and market trends, preparing regular reports and presentations that provide insights and recommendations to the buying team. This includes conducting brand and market share competitive analyses, developing insights, and recommending tests based on market research to identify emerging trends and new product opportunities. The Assistant Buyer is also responsible for generating reports that analyze weekly and monthly category metrics, identifying sales opportunities through inventory analysis. In terms of Pricing, Presentation, and Promotion, the Assistant Buyer partners with the Buyer to maximize merchandise presentation, develop planograms, and work cross-functionally to implement these strategies. This includes leading the planogram process, ensuring accuracy and timelines are met, and analyzing current planogram results to provide actionable recommendations. The Assistant Buyer also communicates the planogram process to vendors and cross-functional partners, ensuring that visual standards are met and executing advertising, pricing, and promotion strategies effectively. Overall, the Assistant Buyer is a dynamic role that requires a proactive approach to managing merchandise and driving sales success.
