We are one of the fastest growing privately owned cannabis companies on the East Coast with profitable operations in MA, PA , FL, and soon to be OH today. If you have a go getter spirit and thrive in a fast-paced environment then this is the opportunity for you! We are close to 550 people strong today but need experience like yours to make our business the best in this growing industry.
Summary
The Senior Buyer will be responsible for the purchasing function of branded finished goods as defined by the Open to Buy and prepare them for resale in our Insa branded cannabis dispensaries across multiple states. Under the supervision of the Director of Planning, Merchandising, and Allocations, this role will be responsible for researching products and brands, maintaining and developing vendor relations, and ultimately procuring products that align with the Insa brand strategy.
Primary Duties & Responsibilities:
- Fill the retail open to buy with brand-appropriate cannabis products that meet compliance guidelines, have a proven rate of sale in the market, and complement the existing Insa merchandise mix.
- Research and discover new innovative products in various marketplaces where Insa stores are / will be present. Introduce to the brand complimentary products by filling stores and tracking rate of sale for future purchase decisions.
- Collaborate with the planning, marketing, and merchandising team to choose items based on quality and availability to position Insa’s go-to-market strategy as the best in the business.
- Generate purchase orders for finished goods (both new products and repeat items).
- Establish strong relationships with vendors across multiple markets through superior communications and as-needed site visits. Negotiate cost structures based on guidance from the Planning, Merchandising, and Allocation team. Work with vendors to secure goods by tracking them from point of purchase to delivery and setup in store.
- Report and communicate key performance indicators for all purchased product with a focus on key item sales vs. plan.
- Manage data integrity for purchased products by adhering to all IT master data hierarchies and ERP processes to maintain accuracy in reporting and purchasing.
- Provide forecast input based on buy plans and sell through of all non-Insa branded products
- Deliver on all margin, turn, and ROI goals for purchased products set by senior leadership.
- Reconcile inventory and invoices for the purpose of identifying discrepancies between purchases and fulfillment.
- Performs root cause / corrective actions for stock outs, missed deliveries and non-conformances to proactively drive permanent solutions.
- Identify excess and obsolete items and recommend disposition to leadership.
- Follows, maintains, and enforces INSA SOP standards.
- Develop/deliver scorecard program for strategic suppliers.
- Follow company policies and practices as outlined in the Employee Handbook.
- Verify that purchasing practices comply with established laws, policies, and compliance requirements.
- Performs additional duties as assigned.
Climate:
Demanding, fast-paced position resulting from deadline pressures, simultaneous competing demands and changing priorities. The position works within a team environment, which requires communication with all levels of management and with other departments. Some travel is required (up to 30%).
Job Requirements:
- BA/BS degree (or 5+ yrs. experience in direct buying role)
- 5-7 yrs. experience in purchasing/planning/warehouse management
- Must have excellent communication skills, professional etiquette, and strong business acumen.
- Must have strong analytical skills and advanced math skills
- Must be strategic/analytical thinker and problem solver
- Must be advanced user with Microsoft Office (Excel, Power Point, Word)
- Excellent organizational, teamwork and negotiating skills
- ERP/MRP experience a plus
Preferred Qualifications:
- MBA a plus
- Consumer Products Industry Experience a plus
- APICS certification a plus
- Experience with direct reports a plus (people manager)
Physical Requirements
- Must be able to push, pull, move, and/or lift a minimum of 45 lbs. to a minimum height of 5 feet and able to push, pull, move, and/or carry such weight a minimum distance of 50 feet, with or without mechanical assistance