Sr. Buyer - Ancillary

Location: Chicago, IL

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Job Posted
Jun 16, 2024
Company: Cresco Labs, LLC

Company & Role Overview

Summary

COMPANY OVERVIEW

MISSION STATEMENT

JOB SUMMARY

CORE JOB DUTIES

  • Own and implement the comprehensive assortment and pricing strategies for non-cannabis, ancillary products end-to-end, aligning with company objectives and market trends from a curated set of vendors
  • Build a market-leading, competitive assortment that reflects the market trends, consumer preferences, and emerging product opportunities for Sunnyside
  • Create and deploy sell-through strategies to optimize inventory turnover and minimize excess stock, maximizing profitability while minimizing markdowns
  • Collaborate with internal Planning team to create curated assortments tailored to the unique needs and preferences of each store location
  • Establish and maintain strict adherence to buy budgets and financial targets, leveraging data and analytics to make informed purchasing decisions in partnership with the Planning team.
  • Lead the development and implementation of assortment plans, incorporating insights from sales data, customer feedback, and market research
  • Proactively ensure compliance with federal and state regulations on product sales, fostering partnerships to stay updated on evolving laws and restrictions
  • Drive the evaluation to determine the optimal inventory warehousing solution, considering both internal and 3PL options, to meet the evolving needs of the Sunnyside stores
  • Manage day-to-day purchasing activities in partnership with the Planning team by monitoring levels of product and proactively purchasing to ensure dispensaries are adequately stocked with the number of appropriate and applicable SKUs
  • Develop comprehensive promotional planning strategies aimed at achieving optimal return on investment and sell-through goals, including collaborating with store teams to implement store-specific markdowns on slow-moving, overstocked, or aged products
  • Partner closely with Finance and Accounting teams to ensure the timely submission of purchase orders and payments, enhancing financial efficiency and operational effectiveness for the business.

REQUIRED EXPERIENCE, EDUCATION AND SKILLS

  • 5+ years of retail buying, merchandising, planning, or related experience
  • Understanding of procurement, logistics, and inventory management practices
  • Strong analytical skills and experience making fact-based decisions with data
  • Strong data skills within Excel. Tableau or Power BI experience a plus
  • Ability to stay organized, multi-task and operate in a pressured, fast-paced environment
  • Preference for a thorough understanding of cannabis product knowledge, plus a proactive willingness to learn more about the industry as it grows and evolves
  • Must be comfortable developing a strong understanding of and complying with all laws, rules and regulations pertaining to both cannabis related accessories and other highly regulated non-delta 9, cannabis infused products

BENEFITS

ADDITIONAL REQUIREMENTS

  • Must be 21 years of age or older to apply
  • Must comply with all legal or company regulations for working in the industry

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Company BenefitsBenefits for this job may vary.

401(k) with Company Match, Career Advancement, Dental, Medical, & Vision Benefits, Flexible Time Off / Unlimited Vacation, Inclusive Environment, Paid Parental Leave, Paid Time Off to Volunteer, Relaxed / Casual Dress Code, Short-Term & Long-Term Disability

Working Environment

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About Cresco Labs, LLC

Cresco Labs is one of the largest public, vertically integrated, multistate operators in the cannabis industry. Our portfolio of in-house cultivated and manufactured brands features some of the highest quality, most awarded and most popular cannabis products in America. With dozens of locations nationwide, our owned and operated Sunnyside® dispensaries provide a welcoming, positive, judgement-free place to shop for anyone at any point on their cannabis journey. Founded in 2013, Cresco Labs’ mission is to normalize and professionalize cannabis through our passionate employees. As stewards of the cannabis industry, our teams are constantly focused on supporting the needs of our fellow colleagues, consumers, customers, and communities alike. With a focus on Social Equity and Educational Development, our SEED initiative ensures that our company reflects the communities in which we serve, ensuring equal opportunity for all in cannabis. At Cresco Labs, we aim to revolutionize and lead the nation’s cannabis industry with a focus on quality and consistency of product, and to bring legitimacy to the industry with the highest level of integrity and professionalism.