Summary
The Retail Buyer is responsible for driving the revenue and profitability of our retail businesses through setting and executing market-specific assortment strategies including procuring quality products available at wholesale, prices, and promotions-that help create a positive patient/customer experience. This position requires extensive market research as well as a deep understanding of cannabis product quality. The role also requires strong skills in negotiating pricing, relationship management, inventory management, and budget management.
Essential Duties and Responsibilities
- Manage the complete assortment lifecycle, including innovation, vendor meetings, costing negotiations, sales analyses, promotional calendars, and product exit strategies
- Cultivate strong relationships with cannabis product suppliers to ensure consistent access to products
- Establish and maintain a reputation of credibility and responsiveness in the marketplace
- Monitor the market through competitor pricing, promotional activities, and product launches
- Allocate internally produced products from our manufacturing site to our stores
- Order products and authorize payments
- Manage inventory, including current stock and new deliveries
- Ensure the accuracy of purchase orders
- Research possible item selections
- Craft purchase order and inventory reports for management
- Solve supply chain problems
- Work within the management team to ensure that all deliveries satisfy the assigned orders
- Develop an effective and accurate system for monitoring purchase orders
- Conduct audits of purchasing and allocation processes to identify areas for improvement
- Performs other duties as assigned
Minimum Qualifications
- Analytical and math skills
- Negotiation skills
- Purchasing and inventory management skills
- Knowledge of a specific sector’s needs
- Must be able to obtain a state medical marijuana badge and pass a background check
- Must be able to communicate effectively and professionally.
- Must perform under high pressure situations.
- Ability to work in a fast-paced environment and handle high stress situations
- Self-Motivated
- Ability to multitask
- Excellent organizational skills
- Ability to stay focused
- Positive attitude and strong work ethic. Must be a team player with a “can do” attitude
- Available to work weekends and holidays as needed
- Reliable transportation
- Physical Requirements: Must be able to lift and carry up to 50 pounds. The ability to sit or stand for up to 12 hours at a time. Lifting, standing, sitting, walking, bending, reaching, push/pull, repetitive use of hands, grasping use of hands, visual activity
Education & Experience Requirements
- Bachelor's degree in a relevant field is preferred
- 4+ years in retail buying and planning
- Experience managing external relationships
- Ability to make decisions under pressure when needed
- Proficiency in Microsoft
