Job Summary:
We are seeking an experienced Inventory \& Purchasing Specialist for inventory buying, forecasting, budgeting, and allocation processes. This role requires a highly analytical professional with a strong background in inventory management and purchasing. The ideal candidate will have at least 5 years of experience in inventory planning, demand forecasting, and budget management, ensuring optimal stock levels to support business growth while minimizing costs.
Key Responsibilities:
- Inventory Buying \& Planning: Manage purchasing decisions based on sales trends, seasonal demands, and stock requirements.
- Forecasting \& Demand Planning: Analyze historical data and market trends to predict future inventory needs and prevent overstock or stockouts.
- Budget Management: Develop and maintain inventory budgets, ensuring cost-effective purchasing strategies.
- Allocation \& Replenishment: Distribute inventory effectively across locations or sales channels to optimize availability.
- Supplier Management: Negotiate pricing, terms, and contracts with vendors to ensure cost savings and quality.
- Data Analysis \& Reporting: Utilize data-driven insights to improve inventory turnover, reduce carrying costs, and enhance profitability.
- Process Improvement: Implement best practices for inventory control, minimizing shrinkage and optimizing stock levels.
- Cross-Functional Collaboration: Work closely with sales, operations, finance, and design teams to align inventory strategies with business goals. Provide strategic insights into top-selling SKUs and collaborate with the design team to make suggestions for expanding collections or developing new products.
Requirements:
- 5 years of experience in inventory management, purchasing, or demand planning.
- Strong analytical skills with the ability to interpret data and make strategic recommendations.
- Experience managing supplier relationships and negotiating contracts.
- Excellent communication and problem-solving skills.
- Strong attention to detail and ability to multitask in a fast-paced environment.
- Bachelor's degree in Business, Supply Chain Management, Finance, or a related field preferred.
Location:
This is a full-time, permanent, on-site position based in our downtown Toronto office. Candidates must be legally authorized to work in Canada.
We appreciate the interest of all applicants; however, only those selected for an interview will be contacted.
We are an equal opportunity employer and provide accommodations upon request.
Job Type:Full-time
Work Location: In person
