Replenishment Buyer
$70k - $75kL&R DISTRIBUTORS
GENERAL PURPOSE OF JOB
The Replenishment Buyer plays a crucial role in maintaining optimal inventory levels, ensuring product availability, and contributing to the overall success of our business operations. The Replenishment Buyer has a strong analytical mindset, excellent communication skills, and a deep understanding of supply chain dynamics in the cosmetics, beauty care and wellness industries. ESSENTIAL DUTIES AND RESPONSIBILITIES
WORK SCHEDULE/HOURS Hybrid schedule onsite (2-3 days per week)
Monday through Friday 8:30AM to 5:30PM EST PAY RANGE: $70K-75K Annually based on experience BENEFITS
Please review our applicant communication policies: L&R Texting Policy & Terms
The Replenishment Buyer plays a crucial role in maintaining optimal inventory levels, ensuring product availability, and contributing to the overall success of our business operations. The Replenishment Buyer has a strong analytical mindset, excellent communication skills, and a deep understanding of supply chain dynamics in the cosmetics, beauty care and wellness industries. ESSENTIAL DUTIES AND RESPONSIBILITIES
- Work closely with replenishment leadership while collaborating with the sales and Demand Planning teams to ensure accurate demand forecasting for all active products within the L&R assortment, considering seasonal trends, promotions, and market insights.
- Monitor inventory levels and implement replenishment strategies to prevent stockouts and overstock situations, optimizing inventory turnover and minimizing carrying costs.
- Analyze historical sales data, market trends, and product lifecycles to anticipate demand fluctuations and adjust replenishment plans accordingly.
- Utilize replenishment and ERP tools to generate purchase orders, communicate and review order acknowledgments with vendor base, confirming accuracy and alignment with demand forecasts and inventory needs.
- Coordinate with Operations/Warehouse teams to ensure timely and efficient receipt and distribution of products, minimizing lead times and order-to-delivery cycles.
- Identify opportunities to optimize procurement processes, streamline workflows, and enhance overall operational efficiency.
- Stay informed about industry trends, competitive landscape, and emerging products to make informed decisions and recommend new products or suppliers when applicable.
- Collaborate with cross-functional teams including Sales, Demand Planning, CDM, and Finance teams to align on business goals and strategies.
- Prepare and present regular reports to management detailing inventory levels, supplier performance, and replenishment strategies' effectiveness.
- Review and track exceptional SKUs (ex. "early warnings" items, backordered items, etc.)
- Prepare purchase orders and send copies to suppliers and to departments originating requests.
- Determine whether inventory position is sufficient to satisfy business needs, leveraging existing tools and resources available, as well as insights from cross-functional teams.
- Request information from suppliers regarding order status, changes, or product availability.
- Contact suppliers to schedule or expedite deliveries and to resolve shortages, missed or late deliveries, as necessary.
- Track the status of Project Management Tool (Asana) requests, and engage in Asana projects applicable to area of responsibility .
- Monitor in-house inventory levels and movement by DC; execute inventory balancing transfers while coordinating with Operations, as needed.
- Accountable for maintaining Fill Rate levels in all assigned Suppliers lines as establish via Scorecard.
- Ensure Alternate Source Availability is leveraged during the Purchase Order Creation process.
- Review and evaluate late Purchase Orders and adjust lead time when necessary
- Ensure all Vendor Line Maintenance is accurate
- Evaluate and react to Second Source opportunities on a regular basis
- Utilize available reporting to ensure on time delivery of merchandise
- Minimum of 3 years of experience in replenishment buying or supply chain management. Strong analytical and data interpretation skills.
- Proficiency in using inventory management software and Microsoft Excel.
- Excellent communication and interpersonal skills.
- Detail-oriented with the ability to manage multiple tasks simultaneously.
- Knowledge of demand forecasting and procurement best practices.
- Familiarity with quality control and compliance standards.
WORK SCHEDULE/HOURS Hybrid schedule onsite (2-3 days per week)
Monday through Friday 8:30AM to 5:30PM EST PAY RANGE: $70K-75K Annually based on experience BENEFITS
- Medical insurance
- Vision insurance
- Dental insurance
- Health Savings Account
- 401(k)
- Paid time off
- Paid parental leave
Please review our applicant communication policies: L&R Texting Policy & Terms
Vacancy posted 2 days ago
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