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Merchandise Buyer, Sr. selects merchandise for order, places order, and stays involved in inventory distribution. Reviews success of previous orders to determine extent to which inventory should be replenished. Being a Merchandise Buyer, Sr. researches new trends or advances in product lines to make appropriate buying decisions. Functions as a decision maker with orders of a larger and more complex scope. Additionally, Merchandise Buyer, Sr. may require a bachelor's degree in area of specialty. Typically reports to a supervisor or manager. To be a Merchandise Buyer, Sr. typically requires 7+ years of related experience. A specialist on complex technical and business matters. Work is highly independent. May assume a team lead role for the work group.
SVP of Merchandise Planning and Allocation oversees, plans, and directs all aspects of an organization's merchandise planning and inventory allocation policies and methods. Develops strategies and processes to maximize sales, turnover, and profitability. Being an SVP of Merchandise Planning and Allocation utilizes forecasting data to lead a business review of the current season to determine future allocation and replenishment strategies. Provides buyers with data and insights to use to optimize purchase planning and stock ratios. Additionally, SVP of Merchandise Planning and Allocation requires a bachelor's degree. Typically reports to top management. The SVP of Merchandise Planning and Allocation manages a business unit, division, or corporate function with major organizational impact. Establishes/implements overall direction and strategic initiatives for the given major function or line of business. To be an SVP of Merchandise Planning and Allocation typically requires 10+ years of progressive leadership experience. Has extensive knowledge of the overall departmental function.
The Merchandise Planning & Allocation Executive develops strategies and processes to maximize sales, turnover, and profitability. Oversees, plans, and directs all aspects of an organization's merchandise planning and inventory allocation policies and methods. Being a Merchandise Planning & Allocation Executive provides buyers with data and insights to use to optimize purchase planning and stock ratios. Utilizes forecasting data to lead a business review of the current season to determine future allocation and replenishment strategies. In addition, Merchandise Planning & Allocation Executive requires a bachelor's degree. Typically reports to top management. The Merchandise Planning & Allocation Executive manages a business unit, division, or corporate function with major organizational impact. Establishes/implements overall direction and strategic initiatives for the given major function or line of business. Working as a Merchandise Planning & Allocation Executive typically requires 10+ years of progressive leadership experience. Has extensive knowledge of the overall departmental function.