what is it like to work as a buyer?
A buyer is responsible for sourcing raw materials, products, and services for a business. If they work for a wholesale company, they plan, select, and purchase the goods intended for resale, ensuring that the products are properly displayed in the retail outlet. They work closely with product managers to select the right items for sale.
A buyer can work across various industries, from manufacturing to retail, including supermarkets, bookstores, and computer stores. Additionally, they collaborate with fashion retailers and wholesalers to identify fast-moving fashion items for sales.
what does a buyer do?
A buyer can work in both the retail and manufacturing sectors. In retail, they select new products and review the merchandise in stores to determine future procurement based on sales performance. They identify the best-selling items, find suitable suppliers, and negotiate prices to ensure the store receives the best deals. Additionally, they organize deliveries to the company's premises.
At a manufacturing company, a buyer's main responsibility is to procure the raw materials, supplies, equipment, tools, services, and other products needed for production and operations. Their job is to determine which items are required, specify the quality standards and delivery deadlines, and ensure that these materials are available when needed.
The responsibilities of a buyer include processing requests and informing management about order statuses. Since they may also be responsible for stock replenishment, they monitor inventory levels and manage stock within the company. They regularly review reports and analyze market trends, enabling them to adjust their purchasing strategies to align with the latest market developments.
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average salary of buyers.
Our salary calculator allows you to explore salary ranges and see how much a beginner or experienced buyer earns.
want to know how much a buyer earns? check out our salary calculator!
salary calculatorhow can a buyer earn more?
As a procurement professional, your salary can vary depending on the industry and your level of seniority. You may work across different sectors, where the complexity of tasks influences the compensation package. The volume of goods you procure, as well as the size and complexity of the product categories you handle, can also impact your earnings. Operational buyers typically fall into a lower salary bracket compared to strategic buyers or category managers, who negotiate strategic agreements, actively participate in supplier competitions, and are involved in supplier negotiations and decision-making processes. Your salary can also be significantly affected by whether you perform your duties for a single company or country, or if you have a global role covering multiple countries' subsidiaries.
types of purchasing roles.
Buyers can specialize based on the types of products they purchase:
- Agricultural product buyer: purchases agricultural products for resale. Their job is to source fresh products from reliable farmers and negotiate the best prices.
- Wholesale and retail buyer: a professional responsible for purchasing goods on behalf of wholesale and retail businesses for resale. For example, they might buy clothing and electronic products for stores that sell these items. If working for a large company, they may specialize in sourcing just one or two product lines. However, buyers working for small shops typically purchase products across all categories.
- Internal buyers: internal buyers do not purchase products for resale. Instead, they ensure that the company maintains stock for internal use, such as office supplies and equipment. They negotiate favorable prices with suppliers and ensure timely delivery.
In the manufacturing area, the following specializations may be available:
- Operational buyer: responsible for executing daily procurement transactions. Maintains direct communication with suppliers, places orders, and ensures timely delivery of goods. Makes operational decisions during everyday purchasing activities.
- Strategic buyer: responsible for developing long-term procurement strategies. Analyzes market trends, plans procurement projects, negotiates major contracts, and oversees procurement processes at the planning level.
- Direct procurement: responsible for sourcing raw materials, goods, and services that are directly related to production or manufacturing, and that are incorporated directly into the company's products or services.
- Indirect buyer: responsible for procuring goods or services that are not directly related to the products or services produced by the company. For example, handling the purchase of office supplies or cleaning services.
- Category / Commodity buyer specializes in sourcing very specific goods or product categories, such as electronic devices or agricultural products. They possess comprehensive knowledge of these product categories and maintain close relationships with suppliers in this field.
working as a buyer.
Buyers are responsible for sourcing products and equipment for companies. Learn about the tasks, responsibilities, and career opportunities associated with this role.
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responsibilities of the purchasing department
A buyer's responsibilities typically include the following:
- Supplier sourcing, analysis, and evaluation: as a procurement professional, I am always on the lookout for new suppliers. I examine potential suppliers to ensure they meet our general requirements. During the review process, I compare suppliers and assess the quality of the products they offer. Additionally, I look for any supplementary services, such as delivery speed or whether their prices are acceptable.
- Negotiation: engaging in discussions with suppliers before purchasing services or products. The goal is to secure the most favorable terms for the company. For example, ensuring the quality level meets the employer’s expectations and negotiating the best possible prices for the goods.
- Supplier management: maintains communication with suppliers. For example, manages mutually beneficial supplier relationships to ensure timely delivery of products or services. Responds to supplier inquiries and addresses any issues that arise during the fulfillment process.
- Preparation of procurement orders: creates procurement orders for submission to suppliers. Determines the required weight and quality of the products and sends the details to the supplier to ensure that the orders are fulfilled correctly.
- analysis of current trends: it is expected to conduct market research and understand market trends. The research helps to grasp consumer purchasing behaviors and supplier price fluctuations. Analyzing these trends supports making informed decisions.
- Preparation of reports and inventory forecasting: provides regular status updates on supplier performance and cost savings, as well as reports on changes to supplier terms. Additionally, it forecasts inventory requirements based on previous sales patterns.
- Supplier inspections: they visit suppliers to review conditions and quality control measures, ensuring that suppliers consistently deliver high-quality products to supermarkets and retail stores.
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work environment
Buyers are more likely to work in retail or wholesale environments, or in manufacturing areas. They typically work indoors, in an office setting, where they research and maintain contact with suppliers. Their day is usually spent in the office, but they occasionally visit sales floors or warehouses to check on stock. They actively monitor market trends and study inventory reports to ensure timely ordering of goods. Although their primary workplace is the employer’s office, they may also travel to meet with suppliers or visit manufacturing facilities.
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who does a buyer work with?
A buyer collaborates with various department managers, logistics experts, and the sales team across different industries to ensure that goods are delivered on time and customers receive the necessary products. To maintain sufficient raw materials and equipment for production, they likely work closely with production supervisors, procurement managers, and engineers on the manufacturing side. Additionally, they coordinate with warehouse staff, accountants, and sales personnel when organizing shipments.
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working hours schedule
A buyer typically works full-time, 40 hours a week, during regular office hours from Monday to Friday, from 9 a.m. to 5 p.m. When there’s an urgent need to acquire products, they may also work evenings and weekends. Additionally, they attend trade shows and meet with suppliers at promotional events, sometimes even on weekends.
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development opportunities
Buyers have promising career opportunities ahead of them: they can advance to become procurement managers or supply chain managers. Additionally, they can specialize in sourcing products within a specific industry, such as construction or manufacturing.
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why it's worth applying for a purchasing position through randstad
There are several advantages to working with a Randstad consultant when searching for a purchasing position:
- a consultant with in-depth knowledge of the logistics sector in the labor market supports the selection process
- you can find a wide range of job opportunities on our website
- whether you're looking for a fixed-term or indefinite position, we help you find the job that best fits you
required studies and skills.
studies.
To work as a buyer, it's essential to acquire professional knowledge. It is advisable to choose one of the following training programs to get started:
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vocational training
A qualification in logistics administration or a similar profile obtained through vocational training is generally sufficient for entry-level positions.
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university education
A bachelor's degree in fields such as business management, marketing, commerce, or logistics can serve as a solid foundation. To qualify for higher-level positions, a university degree is generally required, and obtaining a master's degree can further improve your chances of employment in the future.
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foreign languages
Proficiency in English is essential for communication with suppliers during work. Additionally, knowledge of other foreign languages is a significant advantage.
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professional experience
Gain experience through an internship or an entry-level retail position.
skills.
The following skills are required for a buyer to perform their job:
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negotiation skills
You need exceptional negotiation abilities to secure favorable prices for your products, as you regularly negotiate with suppliers regarding both pricing and quality. Strong communication skills are also valuable for maintaining good relationships with your vendors.
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proper product knowledge
You need to have the right understanding of the products you procure. It's important to grasp the key product features and the quality inspection criteria.
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communication skills
It’s essential to be an effective communicator. You should be able to communicate with various professionals and stakeholders via email, phone, and in person. Strong communication skills help you build and maintain good relationships with key players in the industry.
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analytical skills
Exceptional analytical abilities are required to evaluate suppliers and the quality they provide. Additionally, you rely on your analytical skills to make purchasing decisions and to analyze current market trends, helping to identify the right products for procurement.
frequently asked questions.
We have compiled the most frequently asked questions regarding the purchasing role:
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what does a buyer do?
As a procurement professional, you purchase goods for a company's use or resale. You are responsible for sourcing raw materials, equipment, and supplies. Your job requires strong relationships with suppliers and negotiation skills to secure favorable purchase agreements. You also assess the quality of products and services.
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what are the essential skills a buyer should have?
A buyer needs excellent communication and negotiation skills to negotiate purchasing agreements on behalf of the company. Strong communication abilities help them collaborate effectively with different members of the procurement team. They also need good analytical skills to manage the allocated budget effectively.
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what is a buyer’s salary like?
The income of a buyer depends on their experience and the volume of goods they procure. A buyer who handles large quantities of products is likely to earn more due to the responsibilities that come with the role. Our salary calculator can help you explore the different pay ranges.
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what are the career opportunities for a buyer?
As a procurement professional, there are several opportunities for career growth. You can advance to a procurement or purchasing manager role before moving into a senior procurement leadership position. Experienced buyers sometimes transition into supply chain management roles. Others may become consultants specializing in procurement and supply chain areas.
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is buyer a good job?
A career in procurement offers excellent opportunities and promising earning potential. By enhancing your education or experience, you can secure a competitive salary. Additionally, there are outstanding prospects for career growth, making a role in procurement an exciting and rewarding career choice.
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what is the difference between a buyer and a procurement manager?
The key difference between a buyer and a procurement manager is significant: while a buyer's primary responsibility is the actual purchasing of goods and services for the company, a procurement manager plays a broader, strategic role. They plan, oversee, and direct the procurement strategy and typically operate in a senior leadership position. Additionally, the procurement manager must maintain extensive relationships with both internal departments and external partners, and usually requires several years of purchasing experience along with strong leadership skills to succeed in the role.
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how can I apply for a buyer position?
Applying for a purchasing position is easy: create your profile on Randstad, and browse our job offers near you. Once logged in, you can apply with just one click for the opportunity that interests you directly through our website!