Replenishment Buyer

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 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 established 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. Required Experience 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 Payrange $70K-75K annually based on experience Benefits Medical insurance Vision insurance Dental insurance Health Savings Account 401(k) Paid time off Paid parental leave #J-18808-Ljbffr