Purchaser- Reatil Cannabis

Overview: We are seeking a highly organized and detail-oriented Inventory Manager to join the team at our licensed New York State Retail Dispensary. The ideal candidate will be responsible for overseeing and managing all aspects of our inventory, ensuring accurate and efficient control of stock levels. The Inventory Manager will play a crucial role in optimizing inventory processes, reducing costs, and maximizing profitability. Strong leadership, analytical skills, and a comprehensive understanding of inventory management are essential for success in this role. Role reports to the General Manager.

Responsibilities:

Buying and assortment strategy:

• Selecting brands, SKUs, or product categories based on sales trends, consumer demand, and margins.
• Managing budgets and product mix planning.
• Coordinating new product onboarding and launches with vendors and the GM.

Under Supplier Management:

• Negotiating terms, pricing, and allocations beyond “favorable terms.”
• Reviewing vendor and SKU performance and conducting quarterly business reviews.

Sales alignment:

• Collaboration with sales floor team and marketing to align inventory with promotions, bundle strategies, and customer preferences.

Inventory Control:

• Implement and maintain effective inventory management procedures to ensure accurate stock levels.
• Conduct regular audits to verify the accuracy of inventory records.
• Monitor and analyze inventory performance, identifying areas for improvement and implementing corrective actions.

Forecasting and Planning:

• Collaborate with other departments to forecast demand and plan inventory requirements accordingly.
• Utilize historical data and market trends to make informed decisions regarding inventory levels and product availability.

Supplier Management:

• Establish and maintain strong relationships with suppliers to ensure timely and cost-effective replenishment of stock.
• Negotiate favorable terms and agreements with suppliers to optimize inventory costs.

Team Leadership:

• Supervise and lead the inventory team, providing guidance, training, and support.
• Foster a positive and collaborative work environment to enhance team performance.

Technology Integration:

• Implement and manage inventory management software systems to streamline processes and improve accuracy.
• Stay updated on industry trends and advancements in inventory management technology.

Risk Management:

• Identify and mitigate potential risks related to inventory, such as overstock, stockouts, and obsolescence.
• Develop and implement strategies to minimize inventory holding costs.

Reporting:

• Generate and analyze regular reports on inventory levels, turnover, and other key performance indicators.
• Provide insights and recommendations based on data analysis.

Regulatory Compliance:

• Stay updated and maintain inventory management procedures and processes adhere to regulatory requirements.
• Implement and enforce security protocols to safeguard products and maintain compliance with all relevant regulations.
• Ensure proper store opening and closing procedures.

Physical Requirements

• Lift and move heavy objects
• Work may required employee to bend, reach, and twist.
• Stand for extended periods.

Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time.

Qualifications:

• 3 years as an Inventory Manager or in a similar role in a cannabis or retail environment.
• Strong analytical and problem-solving skills.
• Excellent leadership and interpersonal abilities.
• Experience and proficiency in use retail inventory management software, with strong preference towards cannabis inventory management system experience.
• Willingness and desire to learn and grow.
• Ability to work flexible hours, including evenings and weekends.
• Ability to work in a fast paced environment.
• Ability to stand for extended periods
• Ability to bend, reach, and twist
• Ability to lift and move heavy objects.
• Basic computer skills and familiarity with inventory management systems.

Compensation and Benefits

- $23 - $25/hour tips

• Personal and Team Performance Incentives
• Shifts between 6 and 10 hours
• Employee discounts on cannabis products.
• Training and ongoing education in the cannabis industry.
• Supportive and inclusive work environment.
• Potential for career advancement within the cannabis industry.

Our dispensary is committed to fostering an inclusive and diverse work environment, and we encourage individuals from all backgrounds and experiences to apply. We value the unique perspectives and talents that people of diverse backgrounds bring to our team, recognizing that diversity strengthens our ability to innovate and serve our diverse customer base effectively. We welcome applicants of any race, ethnicity, gender identity, sexual orientation, age, religion, disability, or any other characteristic that makes each person unique. Our goal is to create a workplace that reflects the rich tapestry of our community and ensures equal opportunities for everyone. Join us in embracing diversity and making a positive impact in the cannabis industry together.