In this career summary, you will find out what the job of A Wholesale and Retail Buyer is about and what it is like.
After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.
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.
Buy merchandise or commodities for resale to wholesale or retail consumers.
Negotiate prices, discount terms, or transportation arrangements with suppliers.
Examine, select, order, or purchase merchandise consistent with quality, quantity, specification requirements, or other factors, such as environmental soundness.
Recommend mark-up rates, markdown rates, or merchandise selling prices.
Wholesale and Retail Buyers with little to no experience tend to make between $30200 and $39430 while the more experienced ones make over $71210 per year.
Top 5 paying states
1 of the easiest ways to increase your salary as A Wholesale and Retail Buyer is to move to a higher paying state like NJ. Right now, the highest paying states for Wholesale and Retail Buyers are NJ, NY, RI, FL and MN.
However a higher pay at NJ doesn’t guarantee that you will make more because the living expenses at NJ might be 2x higher than where you are currently at now.
3 other factors that can increase your salary as A Wholesale and Retail Buyer is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).
People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.
They also like following set procedures and routines. They like working with data and details more than with ideas.
They plan, direct, or coordinate one or more administrative services of an organization, such as records and information management, mail distribution, facilities planning and maintenance, custodial operations, and other office support services.
They plan, direct, or coordinate the selling, buying, leasing, or governance activities of commercial, industrial, or residential real estate properties. Includes managers of homeowner and condominium associations, rented or leased housing units, buildings, or land (including rights-of-way).
They plan, direct, or coordinate the operations of public or private sector organizations. Duties and responsibilities include formulating policies, managing daily operations, and planning the use of materials and human resources, but are too diverse and general in nature to be classified in any one functional area of management or administration, such as personnel, purchasing, or administrative services.
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http://www.bls.gov/OOH/business-and-financial/buyers-and-purchasing-agents.htm http://www.american-purchasing.com/ https://www.instituteforsupplymanagement.org/ http://www.nigp.org/
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