BUYER- Role and Responsibilities

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    BUYER

    The Role & Responsibilities

    To develop and buy a

    range of merchandisethat achieves

    profit margin andis consistent with the

    retailers buyingstrategy.

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    BUYER

    The Role & Responsibilities

    To source and

    develop productsfrom an effective

    supplier base.

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    BUYER

    The Role & Responsibilities

    To be responsible for

    the negotiation ofproduct prices

    including delivery

    and payment terms.

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    BUYER

    The Role & Responsibilities

    To research and

    evaluate all relevant

    product and

    market trends.

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    BUYER

    The Role & Responsibilities

    To communicate

    effectively with

    suppliers, productteams and senior

    management within

    the company.

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    BUYER

    The Role & Responsibilities

    To work within the

    constraints ofmerchandise

    planning.

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    BUYER

    The Role & Responsibilities

    To effectively

    manage anddevelop the

    buying team.

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    A day in the life of a

    Fashion Retail Buyer

    Arrive : 9 a.m.

    Review sales figures withmerchandiser.

    Refer to MIS, showing

    sales performance of

    current season. Review schedule for day

    (mostly meetings)

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    A day in the life of a

    Retail Buyer

    Meet with assistantbuyer to delegatetasks.

    Meeting with seniormanagement over theresponse to lastweeks sales.

    Meeting with designerto discuss colors twoseasons ahead.

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    A day in the life of a

    Retail Buyer

    Meeting with

    merchandiser to

    discuss overseastrips.

    Back to desk chase

    up phone calls to

    suppliers or make

    fabric selections.

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    A day in the life of a

    Retail Buyer

    Lunch 1:30 p.m.

    Back at Office for a

    meeting with a supplier,

    negotiating cost prices.

    Work on products two

    seasons ahead

    decisions on trimmings,

    re-costing products.

    Continue meeting with

    merchandiser, planning

    stock deliveries two

    seasons ahead.

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    BUYING COMPETENCIES

    Personal Characteristics

    Commercial with creative flair.

    Multi-tasking Flexibility

    Retentive Memory Positive Approach to problems

    Self-motivated

    Consistent Temperament People Oriented

    Tough but fair

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    BUYING COMPETENCIES

    Awareness

    1. Fashion Awareness

    Understands customers changing

    fashion requirements.

    Anticipates future looks.

    Interprets relevant future looks in new

    ranges. Can improve perceived garment quality.

    Anticipates and plans for gaps in ranges.

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    BUYING COMPETENCIES

    Awareness

    2. Commercial Awareness

    Can accurately judge the cost and selling

    prices on seeing garments. Can predict sales potential of a product.

    Understands the contributions to sales

    targets of mark-down and repeats.

    Actively seeks and develop new

    suppliers.

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    BUYING COMPETENCIES

    Awareness

    Understands target customers buying

    behavior.

    Coordinates buying with other garment

    types where appropriate.

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    BUYING COMPETENCIES

    Planning

    Tracks and knows status of all orders for a

    season through a critical path.

    Understands the need to prioritise thecritical path according to stock needs.

    Manage time of self and team through

    effectively sharing and prioritising work. Prepares thoroughly for meetings,

    negotiations and presentations.

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    BUYING COMPETENCIES

    Action

    Picks up bargain buying potential for

    out-ofseason products.

    Ensures commercial balance of newfashion and core best selling lines.

    Reacts to poor sales while minimising

    price reductions.

    Stays calm and provide direction to the

    team in crisis.