Being A Wholesale and Retail Buyer: What You Really Do
Wholesale and Retail Buyers buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. Includes assistant wholesale and retail buyers of nonfarm products.
We asked Wholesale and Retail Buyers how satisfied they are with their job. Here is what they said.
66% of them said they were satisfied with their job and 39% said they find that their job makes the world a better place or helps to make someone elses life better.
On a daily basis, Wholesale and Retail Buyers Provide clerks with information to print on price tags, such as price, mark-ups or mark-downs, manufacturer number, season code, or style number. They Buy merchandise or commodities for resale to wholesale or retail consumers.
1 of the main responsibilities as A Wholesale and Retail Buyer is to Negotiate prices, discount terms, or transportation arrangements with suppliers.
Some may also Obtain information about customer needs or preferences by conferring with sales or purchasing personnel.
In a normal work day, another thing that Wholesale and Retail Buyers do is they Collaborate with vendors to obtain or develop desired products.
|Purchase stocks of merchandise or supplies.|
|Negotiate contracts with clients or service providers.|
We asked some Wholesale and Retail Buyers a few questions to find out what else does their work day look like. Here is what we found.
|Do you have telephone conversations everyday in this job?||100% said yes|
|Do you have to use email everyday in this job?||100% said yes|
|How important is it to work in a team in this job?||57% said very important|
|Do you have group discussions everyday in this job?||82% said yes|
|Do you have to meet strict deadlines everyday in this job?||29% said yes|
|Do you talk or work with customers everyday in this job?||58% said yes|
|Do you have to deal with angry customers everyday in this job?||13% said yes|
|Do you have to make decisions everyday in this job?||76% said yes|
Besides the typical day things that Wholesale and Retail Buyers do, they Monitor and analyze sales records, trends, or economic conditions to anticipate consumer buying patterns and determine what the company will sell and how much inventory is needed. They might also Authorize payment of invoices or return of merchandise.
On a weekly to monthly basis, Wholesale and Retail Buyers Consult with store or merchandise managers about budgets or goods to be purchased. and Determine which products should be featured in advertising, the advertising medium to be used, or when the ads should be run.
In addition, they Monitor competitors sales activities by following their advertisements in newspapers or other media.
Although specific duties may vary, many of them Analyze environmental aspects of competing merchandise when making buying decisions.
To some Wholesale and Retail Buyers, it is also their responsibility to Examine, select, order, or purchase merchandise consistent with quality, quantity, specification requirements, or other factors, such as environmental soundness.
A typical week or month for them might include:
|Analyze market conditions or trends.|
|Analyze consumer trends.|
|Authorize financial actions.|
|Disburse funds from clients accounts to creditors.|
|Discuss business strategies, practices, or policies with managers.|
|Create marketing materials.|
|Analyze market conditions or trends.|
More than 40 hours per week
Regular (Set schedule and routine)
In a typical work week as A Wholesale and Retail Buyer, you can expect to work More than 40 hours per week.
Do Wholesale and Retail Buyers work in an office-style work environment?
Do Wholesale and Retail Buyers work in a warehouse-style work environment?
Do Wholesale and Retail Buyers work outdoors?
Is this right for me
The Persuaders and The Organizers
You can read more about these career personality types here. You will like this career if you are someone who likes starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business. You also like following set procedures and routines. They like working with data and details more than with ideas.
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