Retail Buyer

5 months ago

Gautam Budh Nagar, India House of Fett Full time

**Product Selection**: Retail buyers are responsible for choosing the products that will be sold in the stores. They analyze market trends, customer preferences, and sales data to make informed decisions about what to buy.

**Supplier Negotiation**: Buyers negotiate with suppliers to secure favorable terms, including pricing, payment terms, and delivery schedules. They often work to build strong relationships with suppliers to ensure a steady and reliable supply of merchandise.

**Market Research**: Retail buyers conduct market research to stay informed about industry trends, competitor offerings, and consumer behavior. This information helps them make informed decisions about the types and quantities of products to purchase.

**Inventory Management**: Buyers must carefully manage inventory levels to avoid overstocking or stockouts. They work closely with inventory management systems to monitor stock levels, track sales data, and adjust orders accordingly.

**Budgeting**: Retail buyers are typically given a budget for their purchasing activities. They must work within this budget to maximize profits and ensure financial sustainability for the business.

**Price Negotiation**: Buyers negotiate with suppliers to secure the best possible prices for the merchandise. They also work with pricing strategies to set competitive and profitable retail prices.

**Collaboration with Merchandising and Marketing Teams**: Buyers collaborate with other departments, such as merchandising and marketing, to plan promotions, sales events, and advertising campaigns. They ensure that the merchandise aligns with the overall marketing strategy.

**Risk Management**: Buyers assess potential risks related to product selection, market trends, and supplier relationships. They develop strategies to mitigate these risks and ensure a smooth supply chain.

**Vendor and Product Evaluation**: Buyers evaluate potential vendors and products based on various criteria, such as quality, reliability, and market demand. They may conduct product testing and review supplier performance.

**Data Analysis**: Retail buyers use data analysis tools and techniques to analyze sales data, track product performance, and identify opportunities for improvement.

**Job Types**: Full-time, Permanent

**Salary**: ₹16,000.00 - ₹25,000.00 per month

**Benefits**:

- Paid sick time

Schedule:

- Day shift

**Experience**:

- total work: 2 years (preferred)

Ability to Commute:

- Gautam Buddha Nagar, Uttar Pradesh (required)

Ability to Relocate:

- Gautam Buddha Nagar, Uttar Pradesh: Relocate before starting work (required)

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