What Do Wholesale and Retail Buyers Do: Job Description, Responsibilities and Duties

Stanley TanLeave a Comment



daily life of a Wholesale and Retail Buyer
are Wholesale and Retail Buyers happy with their job

Wholesale and Retail Buyers

Other names for this job might include Art Dealer, Buyer, Buyer Assistant, Category Manager, Commodity Manager, Contracts Specialist, Fashion Buyer, Fur Buyer, Gold Buyer, Grocery Buyer


  • $59270
    Salary
  • 66%
    Job satisfaction
  • Medium
    Becoming one
  • Medium
    Job growth
OwlGuru Rank

B



Being A Wholesale and Retail Buyer: What You Really Do


In this job description guide, you will find out what do Wholesale and Retail Buyers do and what is their typical work day like.

After reading this, you will have a much better idea on whether you will like working as a Wholesale and Retail Buyer or not.



Job summary

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.

Job satisfaction

66%

How meaningful is this job

39%


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 else’s life better.



Become one

schools for Wholesale and Retail Buyers
Interested in becoming A Wholesale and Retail Buyer? Find the right schools that can help you to become one. This service is free thanks to our sponsors.

Click to start becoming a Wholesale and Retail Buyer




Typical day

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



Other responsibilities

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.



Working life

Working hours

More than 40 hours per week

Working schedule

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?

Everyday
100%

Once a week
0%

Once a month
0%

Once a year
0%

Never
0%

Do Wholesale and Retail Buyers work in a warehouse-style work environment?

Everyday
17.03%

Once a week
11.76%

Once a month
6.13%

Once a year
5.48%

Never
59.61%

Do Wholesale and Retail Buyers work outdoors?

Everyday
0.57%

Once a week
0.21%

Once a month
0%

Once a year
32.07%

Never
67.15%



Is this right for me

Best personality for this career

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.



How we can help

Start your journey to be A Wholesale and Retail Buyer

Get the best college for Wholesale and Retail Buyers


Discover the best colleges for your $$$


Find colleges have the highest earning grads


Yes, I'm sure


Rank: A+
Salary: $92250

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.
Rank: C
Salary: $60350

They purchase farm products either for further processing or resale. Includes tree farm contractors, grain brokers and market operators, grain buyers, and tobacco buyers.
Rank: A
Salary: $65880

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).
Rank: A+
Salary: $117200

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.
Rank: B+
Salary: $54400

They directly supervise and coordinate the activities of clerical and administrative support workers.






Trusted by over 50,000 fans

[easy-followers title=”” nofollow=”1″ total_type=”text_before” columns=”2″ template=”tinycolor”]

Career type

Business and Finance
Green Enhanced Skills
Research, Design and Consulting Services
Buying and Merchandising, Professional Sales and Marketing

Other Careers Like This


Help Others Out



Learn more about Wholesale and Retail Buyers

Summary
Job Description (You are here)
Salary
Requirements
Is This Right For Me

Study To Be A Wholesale and Retail Buyer


Related to Wholesale and Retail Buyers Job Description

Wholesale and Retail Buyers job description, what do Wholesale and Retail Buyers do, typical day for Wholesale and Retail Buyers, what is it like to work as a Wholesale and Retail Buyer, how many hours do Wholesale and Retail Buyers work, day to day work of a Wholesale and Retail Buyer

Additional resources

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/

OwlGuru.com
OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
Wholesale and Retail Buyers
Written by: Stanley Tan
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.
4 / 5 stars

Leave a Reply

Your email address will not be published. Required fields are marked *