Wholesale and retail buyers (except farm products) are responsible for ensuring their company purchases products that help improve sales and drive new traffic to the stores while maintaining their current customer base. They are responsible for developing merchandising guidelines that ensure optimal product turnover, margin, and customer satisfaction. Wholesale and retail buyers should ensure that relevant individuals in their organization have needed product knowledge. They are also responsible for analyzing sales information to determine what need to be purchased, as well as communicate the needs of the business to the management team on a regular basis. In all tasks, buyers must follow organizational rules and strategies. This is generally a full-time position that takes place in an office setting, and it generally requires occasional travel.
Wholesale and retail buyer positions generally require a minimum of five years of experience in a buying role. They must have a successful track record in buying and managing products for wholesale and retail companies. These buyers need to be critical thinkers who possess strong leadership and creative problem-solving abilities. Additionally, they should have strong communication and math skills, as well as be proficient with basic computer programs such as the Microsoft Office suite.
Wholesale and Retail Buyer, (except Farm Products) Tasks
Identify suppliers, select merchandise and negotiate bills of sale for a business.
Inspect deliveries for shipping errors, improper handling, or quality issues.
Ensure that orders are delivered on time and at cost.
Resolve billing and shipping problems and provide information to suppliers.