BUYER- Role and Responsibilities
Transcript of BUYER- Role and Responsibilities
-
7/29/2019 BUYER- Role and Responsibilities
1/17
BUYER
The Role & Responsibilities
To develop and buy a
range of merchandisethat achieves
profit margin andis consistent with the
retailers buyingstrategy.
-
7/29/2019 BUYER- Role and Responsibilities
2/17
BUYER
The Role & Responsibilities
To source and
develop productsfrom an effective
supplier base.
-
7/29/2019 BUYER- Role and Responsibilities
3/17
BUYER
The Role & Responsibilities
To be responsible for
the negotiation ofproduct prices
including delivery
and payment terms.
-
7/29/2019 BUYER- Role and Responsibilities
4/17
BUYER
The Role & Responsibilities
To research and
evaluate all relevant
product and
market trends.
-
7/29/2019 BUYER- Role and Responsibilities
5/17
BUYER
The Role & Responsibilities
To communicate
effectively with
suppliers, productteams and senior
management within
the company.
-
7/29/2019 BUYER- Role and Responsibilities
6/17
BUYER
The Role & Responsibilities
To work within the
constraints ofmerchandise
planning.
-
7/29/2019 BUYER- Role and Responsibilities
7/17
BUYER
The Role & Responsibilities
To effectively
manage anddevelop the
buying team.
-
7/29/2019 BUYER- Role and Responsibilities
8/17
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)
-
7/29/2019 BUYER- Role and Responsibilities
9/17
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.
-
7/29/2019 BUYER- Role and Responsibilities
10/17
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.
-
7/29/2019 BUYER- Role and Responsibilities
11/17
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.
-
7/29/2019 BUYER- Role and Responsibilities
12/17
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
-
7/29/2019 BUYER- Role and Responsibilities
13/17
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.
-
7/29/2019 BUYER- Role and Responsibilities
14/17
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.
-
7/29/2019 BUYER- Role and Responsibilities
15/17
BUYING COMPETENCIES
Awareness
Understands target customers buying
behavior.
Coordinates buying with other garment
types where appropriate.
-
7/29/2019 BUYER- Role and Responsibilities
16/17
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.
-
7/29/2019 BUYER- Role and Responsibilities
17/17
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.