Retail Buyer Job Description Template

Job Brief

We are looking for a competent Retail buyer to select and purchase lines of products on behalf of our company. The role is very important since our business activities cannot begin without the necessary stock.

The quality and variety of products on our shelves are essential for our success. Therefore, the ideal candidate must be a responsible individual with great attention to detail. As a retail buyer, you will also need to negotiate with suppliers to secure competitive prices.

The goal is to ensure that the business will always have adequate stock that meets its requirements. That way we can deliver value to our customers through high-quality products and facilitate sustainable growth.

Responsibilities

Identify customer preferences and forecast consumer trends
Evaluate supplier options according to prices, quality etc. and determine the best choices
Discover and purchase new products and check the quality and popularity of those already on our shelves
Negotiate terms of agreements to achieve the best deal for our company
Ensure the timely delivery of products and compliance with the contracts of purchase
Monitor stock levels and make plans for buying within budget
Create reports on sales, budgets and customer satisfaction and adjust your strategies accordingly
Forge and maintain trust relationships with suppliers to promote fair dealing
Attend events, fairs and exhibitions to remain up-to-date with the market’s trends

Requirements

Proven experience as a retail buyer or relevant role
Outstanding communication abilities
Excellent organizational skills
Demonstrable aptitude in effective negotiating
Up to speed with purchasing best practices
Familiarity with market research, data analysis and forecasting techniques
Excellent knowledge of MS Office; working knowledge of purchasing software (e.g. SpendMap) is an advantage
High school diploma; BSc/BA in business administration or relevant field will be considered a plus

What does Retail Buyer do?

A retail buyer is responsible for selecting and purchasing merchandise for a retail store or chain. On a day-to-day basis, their tasks may include:

Researching and identifying trends in the retail industry, including consumer preferences and market conditions.
Analyzing sales data and forecasting demand to determine the merchandise needs.
Developing and maintaining relationships with suppliers and negotiating contracts on pricing, delivery terms, and product quality.
Attending trade shows and market visits to source new products and suppliers.
Reviewing and approving purchase orders and ensuring timely delivery of merchandise.
Monitoring inventory levels and working with the store's inventory management system.
Analyzing product performance and sales data to make informed decisions on replenishment, markdowns, or promotions.
Collaborating with the store's visual merchandising team to ensure effective product placement and displays.
Monitoring competitors' pricing and promotions to stay competitive in the market.
Working with the marketing team on promotional campaigns and seasonal strategies.

Overall, a retail buyer's main responsibility is to ensure that the store has the right merchandise, at the right time, and at the right price, to meet customer demand and maximize sales.

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