Buyer

Million Dollar Baby Co•Los Angeles, CA

27d

About The Position

As an integral part of our Purchasing Team, you will manage our purchasing efforts with the goal of optimizing inventory at each warehouse location. You will be analyzing historical sales trends, current inventory levels and forecasted demand by SKU and its geographic location. You will need to thoroughly understand vendors’ production capabilities, ordering constraints, and processes. Collaborating regularly with Logistics, Sales, Branding, and other stakeholders, you will be able to impact MDB Co. in continuous improvement initiatives through your own contributions!

Requirements

Positive attitude and a passion for excellent execution
Innovative mindset
Critical problem solving
Strong analytical skills
Excellent project management and organization skills to be able to work across stakeholders to push various initiatives forward
Advanced verbal and written communication skills
Excellent team player who is eager to learn, improve, and help others
Strong Excel skills

Responsibilities

Take full responsibility for overseeing the lifecycle and maintenance of Stock Keeping Units (SKUs), ensuring their accuracy and compliance with internal and external standards
Serve as the point of contact for vendors, holding accountable meetings, communications, and setting clear expectations to ensure smooth operations
Develop and implement inventory strategies that align with company goals, optimize stock levels, and improve overall supply chain efficiency
Monitor and manage inventory health to prevent stockouts and overstock situations, ensuring a balanced and efficient inventory
Identify, lead, and execute projects or process improvement initiatives to enhance inventory management practices
Effectively communicate inventory health implications both upstream and downstream within the organization, ensuring all stakeholders are informed and aligned
Manage factory production and shipping schedules to forecast consumer buying patterns and forecast sales and inventory
Partner with Operations team to manage and allocate incoming inventory effectively, including analyzing overstocks, understocks and inventory value and monitoring inventory flow, inventory demand, and vendor and factory production
Collaborate with the Sales and Branding Teams on planning for retailer needs and preferences
Act as the primary liaison and strategic intermediary with the Asia office, orchestrating and optimizing a seamless purchasing and inventory flow through collaborative cross-functional communication and coordination
Maintain Purchase Orders (PO) and issue POs in accordance with multiple variables including lead time, demand, forecasted projects, inventory level, sales expectations, and quality control factors