Buyer - Consumables
Are you a savvy shopper with a keen eye for the latest trends and the best deals? Do you have a passion for finding the perfect products at unbeatable prices? If so, we have the perfect opportunity for you! Five Below is seeking a dynamic and driven individual to join our team as a Buyer - Consumables. In this role, you will have the exciting opportunity to source and purchase a wide range of consumable products for our growing retail company. We are looking for someone with a strong understanding of the retail industry, excellent negotiation skills, and a knack for discovering the next big thing in consumer goods. If you are a go-getter with a love for all things shopping, we want to hear from you!
- Source and purchase a variety of consumable products for Five Below stores.
- Stay up-to-date on the latest trends and market conditions in the retail industry to inform purchasing decisions.
- Conduct market research to identify new and innovative products to add to our assortment.
- Negotiate with suppliers to secure the best deals and pricing for our company.
- Monitor inventory levels and make strategic purchasing decisions to ensure product availability and profitability.
- Collaborate with cross-functional teams such as merchandising, marketing, and operations to develop and execute effective purchasing strategies.
- Build and maintain strong relationships with suppliers to ensure timely delivery and high-quality products.
- Analyze sales data and customer feedback to make informed decisions on product selection and assortment.
- Manage budgets and track expenses to ensure profitability and cost-effectiveness.
- Stay informed on industry trends, competitive landscape, and market changes to anticipate and react to potential challenges or opportunities.
- Communicate effectively with all levels of the organization to provide updates on purchasing activities and strategies.
- Continuously seek out new and innovative ways to improve the overall efficiency and effectiveness of the purchasing process.
Experience In Retail Purchasing: A Buyer For Consumables At Five Below Should Have Prior Experience In Purchasing And Procurement Within The Retail Industry. This Will Ensure A Strong Understanding Of Industry Trends, Market Dynamics, And Supplier Relationships.
Knowledge Of Consumables: The Ideal Candidate Should Have A Strong Knowledge Of Consumer Goods And Consumables, Including But Not Limited To Food, Beverages, Personal Care Items, And Household Products. This Will Enable Them To Make Informed Decisions While Selecting Products For The Company's Inventory.
Negotiation Skills: Negotiation Is A Crucial Aspect Of A Buyer's Role. The Candidate Should Possess Strong Negotiation Skills To Secure The Best Deals And Prices From Suppliers. This Will Help In Maximizing Profits And Reducing Costs For The Company.
Analytical Skills: A Buyer For Consumables At Five Below Should Be Able To Analyze Data And Market Trends To Make Informed Purchasing Decisions. They Should Have A Keen Eye For Details And Be Able To Identify Potential Opportunities And Risks In The Market.
Communication And Relationship Building: The Candidate Should Have Excellent Communication Skills To Maintain Strong Relationships With Suppliers And Internal Stakeholders. This Will Help In Ensuring A Smooth And Efficient Purchasing Process And Resolving Any Issues That May Arise.
Product Development
Inventory Management
Vendor Management
Market Research
Contract Negotiation
Forecasting
Negotiation
Supply Chain
Cost Analysis
Pricing strategy
Category management
Product Sourcing
Communication
Conflict Resolution
Leadership
Time management
creativity
Critical thinking
Attention to detail
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Buyer - Consumables in Philadelphia, PA, USA is $53,000 to $81,000 per year. This can vary depending on the specific industry, company, and level of experience of the buyer. Senior level buyers with more experience and responsibility may earn higher salaries, while entry-level buyers may earn lower salaries. Other factors such as education, certifications, and negotiating skills can also impact a buyer's salary.
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Five Below Inc. is an American chain of specialty discount stores that sells products that are less than $5, plus a small assortment of products from $6 to $25. Founded by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens.
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