Wholesale and Retail Buyers, Except Farm Products

Buyer
Grocery Buyer
Procurement Specialist
Purchaser
Purchasing Coordinator
Retail Buyer
Trader

What is a Wholesale and Retail Buyers, Except Farm Products?

Wholesale and Retail Buyers, Except Farm Products are professionals responsible for purchasing merchandise for resale in wholesale or retail settings. These buyers carefully select the products they want to stock by analyzing market trends, negotiating prices with suppliers, and ensuring the procurement of high-quality goods that meet customer demand. Their role involves evaluating suppliers, attending trade shows, and keeping up-to-date with consumer preferences, which helps them make informed purchasing decisions. They often collaborate with sales, marketing, and inventory management teams to align their purchasing strategies with overall business goals. By understanding consumer behavior and market dynamics, Wholesale and Retail Buyers play a crucial role in maintaining the financial health of the businesses they serve, while also driving sales and promoting customer satisfaction.

Career Assessment
Career Assessment

Tasks

  • 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, mark-down rates, or merchandise selling prices.
  • Obtain information about customer needs or preferences by conferring with sales or purchasing personnel.

Technology Skills

Tools Used

Knowledge

  • Sales and Marketing

    Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems.

  • Customer and Personal Service

    Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.

  • English Language

    Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

  • Mathematics

    Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

  • Administration and Management

    Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.

Skills

  • Negotiation

    Bringing others together and trying to reconcile differences.

  • Active Listening

    Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

  • Critical Thinking

    Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.

  • Persuasion

    Persuading others to change their minds or behavior.

  • Speaking

    Talking to others to convey information effectively.

Abilities

  • Oral Comprehension

    The ability to listen to and understand information and ideas presented through spoken words and sentences.

  • Oral Expression

    The ability to communicate information and ideas in speaking so others will understand.

  • Deductive Reasoning

    The ability to apply general rules to specific problems to produce answers that make sense.

  • Written Comprehension

    The ability to read and understand information and ideas presented in writing.

  • Problem Sensitivity

    The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing that there is a problem.

Education

How much education does a new hire need to perform a job in this occupation?

  • Bachelor's degree
    35 %
  • High school diploma or equivalent
    20 %

    or: GED, High School Equivalency Certificate

  • Less than high school diploma
    14 %

Work Activities

  • Getting Information

    Observing, receiving, and otherwise obtaining information from all relevant sources.

  • Communicating with Supervisors, Peers, or Subordinates

    Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.

  • Working with Computers

    Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.

  • Processing Information

    Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.

  • Identifying Objects, Actions, and Events

    Identifying information by categorizing, estimating, recognizing differences or similarities, and detecting changes in circumstances or events.

Detailed Work Activities

  • Purchase stocks of merchandise or supplies.
  • Negotiate contracts with clients or service providers.
  • Discuss business strategies, practices, or policies with managers.
  • Purchase products or services.
  • Determine the value of goods or services.

Work Interests

  • Enterprising

    Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.

  • Conventional

    Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.

  • Realistic

    Work involves designing, building, or repairing of equipment, materials, or structures, engaging in physical activity, or working outdoors. Realistic occupations are often associated with engineering, mechanics and electronics, construction, woodworking, transportation, machine operation, agriculture, animal services, physical or manual labor, athletics, or protective services.

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Job Outlook

Projected salary and job growth

$43680.0 - $121680.0

This career will grow rapidly in the next few years.

Assessment

Related assessments and tests

No assessment available.