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.
• Maintain accurate 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.
• Collaborate 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.
• 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.
• Maintain Fill Rate levels in all assigned Suppliers lines as established via Scorecard.
• Evaluate and react to Second Source opportunities on a regular basis.
• Ensure Alternate Source Availability is leveraged during the Purchase Order Creation process.
• 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

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 Apply for this position