Developing new business relationships and maintaining existing ones with suppliers to ensure adequate supply of products Researching new product lines and developing new business opportunities for the company Negotiating contracts with vendors to ensure that terms are fair for both parties Monitoring inventory levels to ensure that products are available when needed Ensuring that products are stored properly to eliminate spoilage or damage Preparing bids and proposals for potential clients and customers Preparing budgets, cash flow forecasts, and other financial reports for management review Reviewing sales reports on a regular basis to identify opportunities for inventory turnover or markdowns Setting up computerized inventory tracking sys