Create and implement purchasing plans that align with the company's overall business goals, including profitability and growth.
• Manage the entire purchase order process, from creation and submission to tracking and receipt.
• Stay up-to-date on market trends, consumer demand, and competitor pricing to make informed purchasing decisions.
• Work with other departments and ensure timely availability of goods while maintain optimal inventory levels.
• Develop and manage the purchasing budget, tracking expenditures and identifying opportunities for cost savings.
• Negotiate with vendors for annual contracts, Promotions and other terms feasible for the company growth.
• Build and maintain strong, long-term relationships with suppliers to ensure a steady supply of quality products and best deals.
• Ensure that all products received meet the required quality standards and specifications. Address and resolve any issues with damaged or substandard goods.
• Supervise, train, and mentor a team of buyers or purchasing agents.
• Work closely with other departments, including sales, marketing, finance, and store operations, to ensure that purchasing decisions support their needs and objectives.