Grocery Buyer Job at Gary A Thompson, Chicago, IL

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  • Gary A Thompson
  • Chicago, IL

Job Description

Our grocery buyer is responsible for selecting, purchasing, and managing inventory of grocery items for a retail store, by negotiating prices with suppliers, analyzing sales trends, ensuring quality standards, and coordinating product deliveries to maintain optimal stock levels while maximizing profitability for the store; essentially acting as the primary point of contact for sourcing grocery items for the store's shelves.

Key responsibilities

· Market research:

Stay updated on market trends, new products, and competitor pricing to identify potential items to stock.

· Supplier management:

Build and maintain relationships with vendors, negotiate pricing, payment terms, and delivery schedules.

· Product selection:

Evaluate product quality, specifications, and customer demand to choose the best items to stock.

· Inventory control:

Monitor stock levels, forecast demand, and place orders to maintain optimal inventory without overstocking.

· Price analysis:

Determine retail pricing based on cost, market competition, and profit margins.

· Promotional planning:

Collaborate with marketing teams to develop promotional strategies and pricing for featured items.

· Quality control:

Inspect deliveries to ensure product quality meets standards and address any issues with suppliers.

· Sales analysis:

Track sales data to identify trends, adjust orders based on customer demand, and identify slow-selling items

· New product introduction:

Evaluate and introduce new products to the store, including merchandising and marketing support

Required skills and qualifications:

  • Strong analytical skills: Ability to interpret sales data and market trends to make informed purchasing decisions
  • Negotiation skills: Confidence in negotiating prices and terms with suppliers to secure favorable deals
  • Product knowledge: Deep understanding of different grocery categories, including quality standards and consumer preferences
  • Communication skills: Effective communication with suppliers, store staff, and marketing teams
  • Attention to detail: Ability to carefully review product specifications and quality standards

Specialization options:

Job Tags

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