Inventory & Purchasing Specialist

Dean Davidson; Toronto; Hybrid; CAD 60,000 - 80,000; Full time

Job summary

A leading company in Toronto is seeking an experienced Inventory & Purchasing Specialist to manage inventory buying, forecasting, and budgeting. The ideal candidate will leverage analytical skills to optimize stock levels and collaborate with cross-functional teams. This full-time, hybrid role requires a strong background in inventory management and purchasing, along with excellent communication and problem-solving abilities.

Qualifications

• 5+ years of experience in inventory management, purchasing, or demand planning.
• Experience managing supplier relationships and negotiating contracts.

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 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 preferred.

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