Although a high school diploma may be enough at some organizations, many businesses require applicants to have a bachelor’s degree. Wholesale and retail buyers purchase goods for resale to consumers. The Universal Public Procurement Certification Council (UPPCC) offers two certifications for workers in federal, state, and local government. Purchasing agents, except wholesale, retail, and farm products buy items for the operation of an organization. Entry to this occupation may be improved if you have qualifications. In order to get hired as a retail buyer, you also typically need knowledge of retailing and wholesaling processes, as well as the prospective employer's merchandise categories. This job involves much more than just shopping or having good taste, requiring you to forecast consumer buying patterns, track inventories and evaluate suppliers. The Certified Professional Public Buyer (CPPB) credential requires applicants to have earned at least an associate’s degree, possess at least 3 years of public procurement experience, and complete relevant training courses. Duties include market research, competitor analysis, product evaluations and testing, monitoring purchase orders and creating reports for the management team. Buyers and purchasing agents must make certain that the supplier can deliver the desired goods or services on time, in the correct quantities, and without sacrificing quality. They do this by studying sales records and inventory levels of current stock, identifying foreign and domestic suppliers, and keeping up to date with changes affecting both the supply of, and demand for, products and materials. Be numerical 11. Retail Pharmacist Responsibilities and Career Facts, Best Online Bachelor's in Biology Degree Programs, Best Online Bachelor's Degrees in Journalism, Purchasing Agent Certification and Career Facts, Online Desktop Publishing Training Programs and Courses, Drama Classes, Colleges and Training Programs, Online Graduate Degree Programs in Natural Sciences, Online Clinical Research Associate Training Programs, Professor of Literature: Salary and Career Facts, Select items to sell in stores, catalogs or online; analyze data to predict what consumers will buy and how many; evaluate suppliers for quality and reliability; negotiate contracts; travel to fashion shows or trade shows to assess potential merchandise, -7%*(for all buyers and purchasing agents)*, $62,750* (for all buyers and purchasing agents)*. Rate how you like work as Retail Buyer. Spot the next big thing 4. Retail buyers choose products for shops to sell, like clothing, toys, electrical goods and food. As a retail buyer, you'll likely work in an office setting, although travel is often necessary to meet with suppliers and attend retail fairs or fashion shows. To receive the CPSM credential, candidates must pass three exams and those with a bachelor’s degree must possess at least 3 years of relevant work experience while those without a bachelor’s degree must have at least 5 years of relevant work experience. 5% Future employment. It also helps if you can: 1. Can remain calm under pressure 3. A retail buyer selects and purchases goods for an establishment to resell; for example, a buyer might choose the clothing, electronics or footwear that a company sells in stores or online. Math skills. They try to get the best deal for their organization: the highest quality goods and services at the lowest cost. For many positions, a degree in business, finance, or supply management is sufficient. The job often requires travel and long hours. You can read more about how BLS calculates location quotients. Strayer University responds quickly to information requests through this website. They must be able to compare prices from different suppliers to ensure that their organization is getting the best deal.Â. An experienced purchasing agent or buyer may become an assistant purchasing manager before advancing to purchasing manager, supply manager, or director of materials management. We determined these as the best states based on job availability and pay. Still searching for your perfect position? However, entry into this occupation may be improved by obtaining a qualification in retail management. Financial managers oversee the finances and coordinate the financial transactions of an organization. Retail buyers make the most in Illinois with an average salary of $60,550. Work experience. You'll usually need: 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, including English and maths, for an advanced apprenticeship. These professionals must interview and evaluate various vendors/suppliers and their products for quality, price and other important factors. A buyer does so much more than simply purchase the products in your store. Examples of these products are grain, cotton, and tobacco. Learn.org. Also Wholesale and Retail Buyer Jobs. Our career paths are especially detailed with salary changes. Buyers are primarily responsible for the planning, selecting and buying of merchandise for retail establishments. The best states for people in this position are Illinois, Iowa, New Jersey, and Kansas. Retail buyer. Examples of these goods are clothing and electronics. Usually only experienced sales staff are appointed to buying positions. They often interview prospective suppliers and visit their plants and distribution centers to assess their capabilities. Retail and Consumer Products Also known as purchasing agents and procurement specialists, Buyers research, evaluate and purchase merchandise such as clothing, electronic goods, food etc., to resell to customers at retail or wholesale companies. Have analytical skills 6. As a retail buyer, you might expect to earn a salary of about $62,750, which was the median wage reported by the BLS for all buyers and purchasing agents, as of May 2018. Buyers and purchasing agents must possess basic math skills. If you’re interested in any of our retail buyer jobs, visit our job openings for the most up-to-date available jobs. Have a passion for retail 5. Buyers and purchasing agents must have the ability to make informed and timely decisions, choosing products that they think will sell. Some employers won’t require you to have any previous work experience at all. A cashier doesn't have the best-paying retail job, but it’s one where there are no formal educational requirements for new hires. Most of these certifications involve oral or written exams and have education and work experience requirements. Love Mondays by finding your ideal Retail Buyer job on reed.co.uk now. Some related jobs include financial managers, purchasing managers and logisticians, all of which require at least a bachelor's degree. Excellent leadership, negotiating, and planning skills also are a must. They need to be able to predict what will appeal to their customers. Many organizations run on a lean manufacturing schedule and use just-in-time inventories, so any delays in the supply chain can shut down production and cause the organization to lose customers. The listings below may include sponsored content but are popular choices among our users. Educational requirements usually vary with the size of the organization. Some places are better than others when it comes to starting a career as a retail buyer. Buyers should have computer skills and a working knowledge of resource planning and forecasting . Although they're not necessarily as common, majors in retail merchandise and management are also available with concentrations in buying and product management at some schools. The Next Level Purchasing Association offers the Senior Professional in Supply Management (SPSM) Certification. Adapt this job description example to match the requirements of your specific retail position. Opportunities are available at department stores, grocery stores, gas stations, and other retail establishments. You'll likely enjoy the best job opportunities with a bachelor's degree in business, economics, engineering or an applied science field, especially if you want to work for a large company. Buyers who work for large organizations often specialize in purchasing one or two categories of products or services. Use Zippia's Salary Calculator to see how your pay matches up. RETAIL SALES JOB DESCRIPTION. If you select the wrong products or purchase too much or too little inventory, your company could suffer profit losses or damage to its reputation. Buyers and purchasing agents typically get on-the-job training for more than 1 year. If they are wrong, they could jeopardize the profits and reputation of their organization. Herzing University responds quickly to information requests through this website. Adapt to any situation 2. Retail buyers also keep detailed records of the products bought, sold, kept in inventory and more. Retail buyers must be able to sort through and analyze large quantities of information on products and financial reports to make purchasing decisions that are in the best interest of their organization. You could work: evenings; attending events or appointments. Southern New Hampshire University responds quickly to information requests through this website. During this time, they learn how to perform their basic duties, including monitoring inventory levels and negotiating with suppliers. They examine finance reports, decide what investments to make and help make the organization as profitable as possible. What Will I Learn in Retail Certification Courses? The credential is valid for 5 years. Skills Needed to Become a Retail Buyer. You can work as a retail buyer without formal qualifications. Working as a Retail Buyer? Annual Salary £18,000 to £70,000. 0 selections. Once they have gathered information on suppliers, they sign contracts with suppliers who meet the organization’s needs and they place orders. Capella University responds quickly to information requests through this website. Evaluating suppliers is one of the most critical functions of a buyer or purchasing agent. Purchasing managers supervise buyers and purchasing agents for an organization. Find Jobs. 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