Hi, I’m
Nicholas Newcomb
Buyer
Woonsocket,RI
Make a customer, not a sale.
Katherine Barchetti
Summary
Seasoned Buyer bringing in-depth retail and professional experience in diverse environments. First-rate planner, manager and communicator highly trained in purchasing and supply chain management. Proficient in managing purchasing needs in high-volume retail operations. Skilled research and forecasting abilities with strengths in communication and key relationship management.
Overview
5
years of professional experience
Work History
Cresco LabsFall River, MA
Buyer - MA
01.2022 - Current
Job overview
- Communicates with vendors to maintain profit margins, negotiate prices, and establish quality and competitive pricing to maintain a minimum 40% profit margin.
- Manages and develops an assortment of over 60 vendors with 100+ brands across four retail locations, consisting of three Adult Use and three Medicinal Cannabis Dispensaries.
- Manages and develops a significant monthly budget for purchasing third and first-party needs.
- Collaborates with sales and operations teams to identify and fulfill internal needs.
- Analyzes sales and inventory data to determine purchasing needs and reorder points, and improves account relationships.
- Develops cost-effective purchasing strategies, negotiates contracts with vendors for cost-effective purchasing terms, and sources new vendors.
- Evaluates product quality and vendor performance to maintain quality standards and interacts with stakeholders to maintain on-time deliveries.
- Researches and identifies new suppliers, and devises and implements policies and procedures for purchasing and inventory control.
- Designs and implements process improvements to streamline the purchasing process and employs expert inventory management and oversight skills to meet corporate goals.
- Prepares detailed reports to highlight inventory levels, purchase orders, and discrepancies, forecasts purchasing trends, and manages and maintains purchase orders and invoices.
- Analyzes sales data to identify trends and devises action plans to increase sales, and identifies and tracks slow-moving inventory while determining optimal replacements.
Cultivate Holdings LLC.Framingham, MA
Purchaser
05.2021 - 12.2021
Job overview
- Established and maintained relationships with vendors to secure competitive pricing and discounts, and negotiated policies and contracts for optimal pricing and consistent availability.
- Managed third party inventory for three retail cannabis dispensaries consisting of three adult use licenses and two medical licenses.
- Achieved 50% turn rate by net terms on majority of product purchased for sale.
- Generated $200k+ of wholesale revenue lift per quarter through strategic purchasing.
- Employed expert inventory management and oversight skills to formulate business metrics, track inventory and purchasing trends, and evaluate product quality and vendor performance.
- Sourced new vendors, researched suppliers based on availability, quality, selection, and price, and reviewed store location buying trends to maximize sales and profits.
- Created hands-on training programs for employees to acclimate to new products and brands.
- Computed and created purchase orders to monitor stock levels, verify purchase requisitions, and expedite customer orders using Tableau.
Cultivate Holdings LLCFramingham, MA
Team Lead / Intake Specialist
01.2020 - 05.2021
Job overview
- Promoted high standards through personal example to help each member understand expected behaviors and standards.
- Received 12+ wholesale deliveries per week while performing labeling and compliance reviews on all incoming inventory.
- Coached team members in techniques necessary to complete job tasks.
- Developed and implemented policies and procedures for inventory management.
- Conducted training and mentored team members to promote productivity and commitment to friendly service.
- Audited team performance and compliance with CCC and MA State standards across two large vaults.
Vape CityStow, MA
Store Manager
06.2018 - 12.2019
Job overview
- Maintained inventory controls and organized backroom for effective ordering and stock rotation.
- Generated $100k in monthly revenue through retail sales.
- Reduced overhead expenses by maintaining a lean team.
- Implemented innovative programs to increase employee loyalty and reduce turnover, trained new employees on protocols and customer service, and coached sales associates on product specifications and selling techniques to increase customer satisfaction.
- Managed store employees, tracked attendance, and assisted with hiring, training, and mentoring new staff.
- Tracked trends and suggested product enhancements, promoted team collaboration and efficiency, and rotated merchandise and displays to feature new products and promotions.
- Managed purchasing, sales, marketing, and customer account operations, upheld store programs and standards.
Education
Rhode Island College, Providence, RI
Bachelor of Arts from Sociology
06.2018
University Overview
- 3.7 GPA
- Summa Cum Laude graduate
Skills
- Vendor communication and negotiation
- Budget management and forecasting
- Cross-functional collaboration
- Data analysis and reporting
- Purchasing strategy development
- Vendor and Supplier identification, research, evaluation and performance management
- Process improvement and streamlining
- Inventory management and oversight
- Sales trend analysis and action planning
- Relationship building and networking
- Purchase order management and tracking
- Controlled and Regulatory Inventory Management
Availability
See my work availability
Not Available
Available
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Buyer - MA
Cresco Labs
01.2022 - Current
Purchaser
Cultivate Holdings LLC.
05.2021 - 12.2021
Team Lead / Intake Specialist
Cultivate Holdings LLC
01.2020 - 05.2021
Store Manager
Vape City
06.2018 - 12.2019
Rhode Island College
Bachelor of Arts from Sociology
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