Buyer Job Description | LHH (2024)

FAQs

What is the description of a buyer? ›

What is a Buyer? Buyers are responsible for purchasing goods for a company to use or sell in their own business. This position requires extensive research and the ability to negotiate contracts with suppliers, manage an inventory, evaluate quality goods, and stick within a budget.

The set buyer works under the direction of the set decorator, and is brought on board during preproduction. This person's first task is to carefully review the script to identify all action props (objects specifically mentioned in the script) and dressing required.

The purchaser's primary role is to identify the needs of the organization, research potential suppliers or vendors, negotiate contracts, place orders, and ensure the timely delivery of the purchased items.

A buyer is a person who is buying something or who intends to buy it. Car buyers are more interested in safety and reliability than speed. A buyer is a person who works for a large store deciding what goods will be bought from manufacturers to be sold in the store. I was a buyer for the women's clothing department.

To become a Buyer, you will need to have: Excellent communication skills. Negotiating and persuasion skills. An aptitude for figures, finance, budgets and numeracy.

The Category Buyer's Key Responsibilities

Managing the supply of goods within the chosen purchasing category. Staying within budget and constantly working to improve the level of value achieved (in other words, saving money wherever possible without compromising the quality of supply)

Job duties include assessing the market, evaluating pricing and availability, ordering new products, and keeping accurate records. Most of the job is performed in-house or in an office setting. However, a purchaser may regularly attend trade shows and conventions. They may also meet with vendors in person.

How to be a good buyer? ›

Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. May negotiate contracts.

Researching, selecting and purchasing quality products and materials. Building relationships with suppliers and negotiating with them for the best price, quantities and delivery timescales. Processing requisitions and updating management on the status of orders. Updating inventory and managing stock levels.

As seekers of the best deal for their organization, a buyer searches for the highest quality goods and services at the lowest possible cost to the company. Buyers also make sure to examine trends, sales records, and inventory levels of current stock.

Purchasing officers source and buy materials, goods, and services on behalf of the employer to be resold or used in daily operations. Purchasing officers maintain stock levels, and may also conduct research, negotiate with vendors, and interview prospective suppliers.

a person who buys; purchaser. a purchasing agent, as for a department or chain store.

The buyer's main duties are simple: payment of the purchase price and acceptance of delivery. Contemporary legal systems are no longer concerned with enforcing a just price. Only a few European countries (including Italy and France) still have rules on exorbitant prices and only in certain special fields.

What is it? Buyers have the power to influence price and the quantity of products sold. Powerful buyers can bargain on volume or switching costs or they can simply find substitute products. Price sensitivity also impacts the buyer/seller relationship.

Keeps abreast of current market and valuation of used vehicles. Identifies viable auctions and has working knowledge of inventory selection at each. Works with General Manager and Inventory staffs to identify buying needs and price points. Attends car auctions to purchase used vehicles and sell wholesale units.