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.
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. 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.
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.
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.
\~ Bachelor's degree in Business, Supply Chain Management, Finance, or a related field preferred. This is a full-time, permanent, on-site position based in our downtown Toronto office. Job Type: Full-time
