Buyer, Business

About the Job

Hello, potential Price Smart candidate. We’re on a mission to hire the very best, and are committed to creating exceptional employee experiences where everyone is respected and has access to equal opportunity. We realize the greatest contributions to the company can come from anywhere in the organization, and we know that the next one could be yours!

The Global Buyer is responsible for driving product selection, pricing, and vendor negotiations to meet or exceed sales and profitability targets across all Price Smart markets. The Global Buyer works cross-functionally to manage inventory, pricing strategies, promotional planning, and category management while ensuring that buying decisions are aligned with the company’s financial goals. The Global Buyer will demonstrate leadership to guide their team towards success while developing the next generation of talent in the buying organization.

Product Selection & Assortment Planning

• Lead item selection and negotiation processes to achieve department sales and profitability targets.
• Manage a limited assortment of SKUs within space constraints, ensuring efficient operations at club locations while maintaining a compelling product selection.
• Assess and manage SKU count, optimizing assortments to balance operational efficiency with customer appeal.
• Identify new products and develop an innovation strategy:
  Scout for new products and trends, hot buys and treasure hunt items that will create excitement for Price Smart members.

Vendor Management

• Collaborate with vendors to develop exclusive and/or innovative products that meet Price Smart member demands and offer compelling value versus the competition.
• Build and maintain strong relationships with vendors to support effective and mutually beneficial negotiations.
• Negotiate terms that prioritize Price Smart members, ensuring competitive pricing, quality standards, and promotional support.
• Uphold Price Smart’s reputation for transparency and credibility in negotiations to foster long-term vendor partnerships.

Trade Expertise & Market Research

• Attend multiple trade shows annually to stay informed on industry and supplier trends.
• Research and negotiate with new vendors to expand the supplier network and enhance product offerings.
• Leverage competitor data to negotiate the best pricing, promotional terms, and product quality from vendors.

Pricing & Margin Management

• Set pricing targets for categories and items to maximize sales and profitability.
• Implement margin strategies, such as adjusting margins on high-volume B2B products to drive sales, while balancing the financial health of the category.
• Identify opportunities to grow sales while managing markdown risks, ensuring optimal pricing and profit margins.

Cross-Functional Collaboration

• Ensure clear communication and alignment with the inventory, logistics, marketing and digital commerce teams regarding program projections, new item launches, SKU plans, promotions, and other key factors that impact inventory and sales performance.

Financial & Budget Management

• Work within budget constraints to maximize profitability and ensure financial targets are met. Monitor budget variances and develop action plans to address potential shortfalls or overspending.
• Monitor inventory health, using sell-through data to address slow-moving or unproductive inventory. Develop and execute strategies for clearing aged inventory while maintaining profitability.
• Ensure all buying decisions are aligned with the company’s financial objectives.

Leadership and Teaching

• Performance Management:
  Conduct regular performance evaluations, set individual goals, and provide constructive feedback to enhance team members' performance and career growth.
• Coaching and Mentoring:
  Provide guidance, support, and mentorship to Assistant Buyers and other direct reports, helping them develop their skills and knowledge of the 6 Rights of Merchandising.

Reporting & Analysis

• Provide forward-looking strategies and plans for inventory management, new product launches, and seasonal programs to maximize sales and profitability.
• Analyze sales data, supplier performance, and market trends to make data-driven…