Retail Buyers are responsible for researching, selecting and procuring merchandise and goods for retail companies. Afterward, they procure the products, ensuring they arrive on time and in good condition; they regularly manage inventory, replenishing and rotating stock as needed. There are over 2,771 store buyer careers waiting for you to apply! Earn Transferable Credit & Get your Degree. Merchandise buyers, also known as purchasing agents, must assess what products their company should sell, how much of that product they should buy and which supplier will best fit their needs. Your job description is the first touchpoint between your company and your new hire. Merchandise buyers purchase a broad range of finished goods and products either for wholesalers or retailers. They source new and review existing goods to ensure their products remain competitive. They assess how much their company is projected to sell and coordinate their purchases with the company budget in order to reach maximum sales for the company. The low-stress way to find your next store buyer job opportunity is on SimplyHired. Senior Buyer, Procurement – Job Description (Job Code and Level: PUPR004.2) Definition: Procurement is defined as: Sourcing, negotiating and buying of goods, materials and services to meet the Company’s operational requirements. This free Buyer job description sample template can help you attract an innovative and experienced Buyer to your company. Managing supplier relations and negotiating contracts, prices, timelines, etc. Merchandise buyers place product orders with suppliers. All rights reserved. For example, a buyer for a retail store chain is responsible for buying all the goods sold in the store. Vs. Ed.D. Most buyers, including those working in large department stores, tend to specialise in one product type (eg clothes, fashion accessories, food and drink, books, furniture, electrical items or household goods) while those who work for smaller stores buy a variety of products. To do this, the buyer must study and identify trends in the marketplace. Retail Buyer Job Description, Career as a Retail Buyer, Salary, Employment Definition and Nature of the Work, Education and Training Requirements, Getting the Job. Find and apply today for the latest Store Buyer jobs like Buying, Management, Quantity Surveying and more. 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As a retail buyer you'll need to: 1. analyse consumer buying patterns and predict future trends 2. regularly review performance indicators, such as sales and discount levels 3. manage plans for stock levels 4. Certification and experience help make these advancements possible. "Merchandise Buyer: Job Description, Duties and Career Information." Retail Buyer job profile Retail Buyers are responsible for planning, managing, selecting and purchasing goods and merchandise that are sold in retail stores. 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To achieve sales targets and margins as agreed with store manager - Main Purpose of the Job: Manage the Meat Department and ensure it operates efficiently and effectively at all... Goods In / … Discovering and purchasing new products and checking the quality and popularity of those already on our shelves They conduct market research, staying up-to-date with industry trends and competitor activity and actively monitoring sales to determine which products sell the most. Keep up to date with market trends and react to changes in demand and logistics 5. meet suppliers and negotiate terms of contract 6. maintain relationships with existing suppliers and source new suppliers for future products 7. understand the basic rules of vendor management, allocation and price negotiation 8… Merchandise buyers have a keen understanding of market dynamics, combining analytical thinking and organizational ability to curate products and bring these to consumers. Curriculum, relevancy of sample programs, and outcomes will vary by school. A merchandise buyer is involved throughout the entire supply management process. Primary Responsibilities: Retail Buyers who work for large department stores specialize in one type of merchandise. Members can further avail of networking opportunities, educational reports, and publication access, The Procurement and Supply Manager’s Desk Reference – This is a comprehensive guide to procurement, tackling fundamental topics such as selecting suppliers, creating business strategies, and optimizing processes. From 2016 to 2026, job openings for wholesale and retail buyers are likely to decrease by 2 percent, as more companies are automating job procurement functions or outsourcing these to third parties. Retrieved from https://study.com/articles/Merchandise_Buyer_Job_Description_Duties_and_Career_Information.html. ( NetSuite, Springboard retail, Stratus retail ), Study.com / buyer. 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