The Merchant is responsible for developing and fostering productive relationships with our suppliers. Imparting the Sam's Club way of working, driving efficiencies, and ensuring accountability within our supplier community is essential. Merchants act as the driving force behind this effort. Some of the ways our Merchants ensure this are by establishing and managing relationships with suppliers; partnering with and building comprehensive plans with suppliers to meet business expectations; ensuring suppliers meet expectations and metrics; monitoring and evaluating supplier item performance and productivity; driving sales by holding suppliers accountable to business plans (for example, quality, production, on-time delivery, in-stock); communicating ongoing business topics or issues (for example, item or product-level details); and communicating inventory demand to maximize manufacturing efficiencies.
Planning is an important part of the buying process. As a Merchant, you will be expected to develop and implement category and subcategory plans that align with company initiatives. Appropriate execution of plans will improve club-level execution and help to drive financial results. You will accomplish this by developing and executing subcategory strategies; gathering product information (for example, brand specifications); researching trends (for example, buying patterns, technology advancements, economic conditions); establishing specifications for categories; reviewing and approving category actions (for example, line reviews, product entry and exit strategies); and giving final approval on supplier items and quantities.
Good financial performance is not only dependent on implementing budgets but can also be an indicator of how we are serving our members. Executing on well-supported short and long-term financial plans and operating as an Every Day Low Cost (EDLC) organization is the lifeblood of our company. This is modeled by managing financial performance of assigned subcategories; reviewing financial reports; monitoring sales volume and its impact on items; identifying market changes and outside influences on sales (for example, socio-economic, geopolitical); making product decisions like markdowns that impact category financials; projecting future financial performance based on history and other relevant information; and identifying interrelationships among items or products and how their financial performance impacts overall category or subcategory financial performance.
Drives the execution of multiple business plans and projects by identifying customer and operational needs; developing and communicating business plans and priorities; removing barriers and obstacles that impact performance; providing resources; identifying performance standards; measuring progress and adjusting performance accordingly; developing contingency plans; and demonstrating adaptability and supporting continuous learning.
Provides supervision and development opportunities for associates by selecting and training; mentoring; assigning duties; building a team-based work environment; establishing performance expectations and conducting regular performance evaluations; providing recognition and rewards; coaching for success and improvement; and ensuring diversity awareness. Promotes and supports company policies, procedures, mission, values, and standards of ethics and integrity by training and providing direction to others in their use and application; ensuring compliance with them; and utilizing and supporting the Open Door Policy.
Ensures business needs are being met by evaluating the ongoing effectiveness of current plans, programs, and initiatives; consulting with business partners, managers, co-workers, or other key stakeholders; soliciting, evaluating, and applying suggestions for improving efficiency and cost-effectiveness; and participating in and supporting community outreach events.
Experience with Optical lenses and contact lenses highly preferred.
Retail math skills, extensive use of Excel
Minimum Qualifications...Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Minimum Qualifications: Bachelor’s degree in Business or related field and 2 years’ experience in merchandising or related field OR 4 years’ experiencein merchandising or related field OR Bachelor's degree in Business and the succesful completion of a Sam's ClubMerchandising internship. 1 year's experience creating and analyzing profit and loss statements.
Preferred Qualifications...Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
Merchandising, Retail Industry, Supply Chain