Wholesale and Retail Buyers, Except Farm Products

Acquire items (durable and non-durable alike) for resale to end users in order to make a profit at either the wholesale or retail levels. Examine prior pricing, selling, and purchasing patterns.

Career Snapshot

ABOUT WHOLESALE AND RETAIL BUYER OF NON-FARM PRODUCTS CAREERS

If you believe you were created to shop, you may make a living doing it. Products and commodities are purchased by wholesale and retail purchasers for resale to consumers. They have two objectives: to purchase things that their company can resell for a profit and to expand their consumer base. 

Buyers do a successful job if they consistently select items that clients appreciate and perceive to be a good value. When warehouses and retail racks are left with unsold product that must be sold at clearance pricing, buyers fail. The most difficult aspect of the job is forecasting which things will be popular. Buyers must conduct study to accomplish this. 

They look for inspiration at trade exhibitions and showrooms. They review prior sales records and assess economic situations to try to identify customer patterns. To access and process this information, computer skills are required. Buyers carefully consider cost and quality before placing an order, and they may bargain hard with a provider to get a lower price. Before authorising payment, the buyer arranges for delivery and ensures that everything arrives in good condition. 

This job comes with a lot of responsibility. Errors in sales data show up fast. Keeping up with trends necessitates significant hours of work. Buyers typically have a bachelor's degree and years of retail experience. This is a vocation that requires solid planning abilities, decisiveness, and a willingness to follow your instincts and take risks.

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Wages


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Characteristics

Competition for this position
Physical demands
Exposure to job hazards
Exposure to extreme environmental conditions
Comfort of the work setting
Work closely with team members, clients etc.
Dealing and handling conflicts
Communication with others
Leadership
Critical decision making
Level of responsibilities
Job challenge and pressure to meet deadlines

Activities

Communicating with Persons Outside Organization Know More
Communicating with Supervisors, Peers, or Subordinates Know More
Getting Information Know More
Identifying Objects, Actions, and Events Know More
Interacting With Computers Know More
Making Decisions and Solving Problems Know More
Processing Information Know More
Updating and Using Relevant Knowledge Know More

Areas of Study

Administration and Management Know More
Communications and Media Know More
Computers and Electronics Know More
Customer and Personal Service Know More
Economics and Accounting Know More
English Language Know More
Mathematics Know More
Sales and Marketing Know More

Degrees

Colleges

Top Skills

Active Learning Know More
Active Listening Know More
Critical Thinking Know More
Judgment and Decision Making Know More
Negotiation Know More
Persuasion Know More
Reading Comprehension Know More
Speaking Know More