Inventory & Purchasing Specialist

ZipRecruiter; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading company is seeking an experienced Inventory & Purchasing Specialist to manage inventory buying, forecasting, and budgeting. The role requires strong analytical skills and at least 5 years of experience in inventory management. This full-time position is based in downtown Toronto and offers a hybrid work location.

Qualifications

• 5+ years of experience in inventory management, purchasing, or demand planning.
• Strong analytical skills with the ability to interpret data.

Responsibilities

• Manage purchasing decisions based on sales trends and stock requirements.
• Analyze historical data to predict future inventory needs.
• Negotiate pricing and terms with vendors.

Skills

Analytical Skills

Communication

Problem Solving

Attention to Detail

Education

Bachelor’s degree in Business

Supply Chain Management

Finance

Job description

Job Description

Job Summary:

We are seeking an experienced Inventory & Purchasing Specialist for inventory buying, forecasting, budgeting, and allocation processes. This role requires a highly analytical professional with a strong background in inventory management and purchasing. The ideal candidate will have at least 5 years of experience in inventory planning, demand forecasting, and budget management, ensuring optimal stock levels to support business growth while minimizing costs.

Key Responsibilities:

• Inventory Buying & Planning: Manage purchasing decisions based on sales trends, seasonal demands, and stock requirements.
• Forecasting & Demand Planning: Analyze historical data and market trends to predict future inventory needs and prevent overstock or stockouts.
• Budget Management: Develop and maintain inventory budgets, ensuring cost-effective purchasing strategies.
• Allocation & Replenishment: Distribute inventory effectively across locations or sales channels to optimize availability.
• Supplier Management: Negotiate pricing, terms, and contracts with vendors to ensure cost savings and quality.
• Data Analysis & Reporting: Utilize data-driven insights to improve inventory turnover, reduce carrying costs, and enhance profitability.
• Process Improvement: Implement best practices for inventory control, minimizing shrinkage and optimizing stock levels.
• Cross-Functional Collaboration: Work closely with sales, operations, finance, and design teams to align inventory strategies with business goals. Provide strategic insights into top-selling SKUs and collaborate with the design team to make suggestions for expanding collections or developing new products.

Requirements:

• 5+ years of experience in inventory management, purchasing, or demand planning.
• Strong analytical skills with the ability to interpret data and make strategic recommendations.
• Experience managing supplier relationships and negotiating contracts.
• Excellent communication and problem-solving skills.
• Strong attention to detail and ability to multitask in a fast-paced environment.
• Bachelor’s degree in Business, Supply Chain Management, Finance, or a related field .

Location:

This is a full-time, permanent position based in our downtown Toronto office. Candidates must be legally authorized to work in Canada.

We appreciate the interest of all applicants; however, only those selected for an interview will be contacted.

We are an equal opportunity employer and provide accommodations upon request.

Job Type: Full-time

Work Location: Hybrid