Product Buyer - Parts & Accessories

Erik's Bike Shop Inc•Minneapolis, MN

About The Position

This position is for a Product Buyer for bicycle parts and accessories. The successful candidate will be responsible for growing ERIK's business within assigned categories, the day-to-day operations of these categories, and additional Purchasing tasks as assigned. Cycling enthusiasts who are self-starters with strong analytical and organizational skills and a passion for active specialty retail will find this position rewarding.

Responsibilities

Maximize margin dollars
Source and maintain relevant product assortment for each ERIK's location
Develop and execute strategy to enhance sales and address slow moving product
Keep inventory dollar levels within budgets
Negotiate contract terms
Establish and maintain vendor relationships
Plan category assortment and develop sales strategy across all channels through product sourcing, development, positioning and pricing
Analyze industry, competition, and category trends to identify new product opportunities
Plan product mix to align with diverse market needs
Develop and execute promotional and markdown strategies
Forecast and control inventory levels by store to achieve sales goals
Set and monitor model stock points
Maintain current item catalogue with organized vendor and product information
Price product appropriately
Coordinate with Accounting to rectify outstanding, open and/or unmatched receiving logs and invoices
Review and distribute inventory to ensure each location has an adequate and timely selection
Create and submit accurate and timely purchase orders
Review order confirmations for terms and shipping accuracy prior to order release
Manage backorders and find product substitutes as needed
Collaborate with distribution to ensure product flows from purchase order to receiving to stores in a timely manner
Provide staff with timely and relevant product and pricing updates
Coordinate with other departments and stores as needed
Report category and inventory benchmarks to Director of General Merchandise