Erik's Bike Shop, Inc. · 1 month ago
Product Buyer - Service Parts
Minneapolis, MN, USA, 55414
Full-time
Onsite
Mid LevelErik's Bike Shop, Inc. is seeking a Product Buyer for bicycle parts and accessories. The successful candidate will manage the day-to-day operations of assigned categories, focusing on inventory management, planning, and vendor relationships to enhance sales and optimize product assortment.
CyclingSporting Goods
Responsibilities
Maximize margin dollars
Source and maintain relevant product assortment for each ERIK's location
Develop and execute strategy to enhance sales and address slow moving product
Keep inventory dollar levels within budgets
Negotiate contract terms
Establish and maintain vendor relationships
Plan category assortment and develop sales strategy across all channels through product sourcing, development, positioning and pricing
Analyze industry, competition, and category trends to identify new product opportunities
Plan product mix to align with diverse market needs
Develop and execute promotional and markdown strategies
Forecast and control inventory levels by store to achieve sales goals
Set and monitor model stock points
Maintain current item catalogue with organized vendor and product information
Price product appropriately
Coordinate with Accounting to rectify outstanding, open and/or unmatched receiving logs and invoices
Review and distribute inventory to ensure each location has an adequate and timely selection
Create and submit accurate and timely purchase orders
Review order confirmations for terms and shipping accuracy prior to order release
Manage backorders and find product substitutes as needed
Collaborate with distribution to ensure product flows from purchase order to receiving to stores in a timely manner
Provide staff with timely and relevant product and pricing updates
Coordinate with other departments and stores as needed
Report category and inventory benchmarks to Director of General Merchandise
Qualification
Required
Strong analytical and organizational skills
Experience in inventory management and Open To Buy processes
Ability to negotiate contract terms
Experience in vendor relationship management
Ability to analyze industry, competition, and category trends
Experience in planning and forecasting product assortments
Ability to develop and execute promotional and markdown strategies
Experience in database management and maintaining item catalogues
Ability to create and submit accurate purchase orders
Strong communication skills to provide timely updates and coordinate with departments
Benefits
Medical
Dental
Short/Long Term Disability
Life
Accident
401(k)
Employee Discounts
Company
Erik's Bike Shop, Inc.
Erik was 13 when he started ERIK'S BIKE SHOP. His first bike, a hand-me-down from an older family member, sparked his interest in bikes.
Founded in 1977
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
David E Olson
President - Partner
Company data provided by crunchbase