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What Does a Buyer Do? Role, Tasks, Salary and Training

Posted by FedSupply in Your employment market
The 15/02/2023

What Does a Buyer Do? Role, Tasks, Salary and Training

Are you interested in a career as a buyer?

No wonder, the job is very exciting and the position is anything but routine.

In addition, the number of job offers in procurement is growing in Quebec, and the trend should continue well into in 2022.

Here's everything you need to know about this trending profession in 2022.


What is a buyer’s role?

Buyers or purchasing analysts plan, select and purchase merchandise for sale in retail outlets. They are also sometimes responsible for the proper display of their products in these outlets.

In general, the buyer in a company focuses on a specific type of product: men's clothing, women's shoes, children's toys, electronic devices, etc...

Experienced buyers usually become "Purchasing Managers", while recent graduates and novices start their careers as "Purchasing Assistants".

If you are interested in one of these job offers, you can read our article on how to write a CV in Quebec to maximize your chances of getting an interview.


What are a buyer’s job expectations?

The duties of buyers involve a certain level of complexity, as they are linked to both end customers and suppliers. One thing is certain, they are major players in the supply chain.

These professionals need to understand what consumers are interested in, what products would be well received, what type of merchandise would attract the most customers, and even what future trends and customer needs might be.

A good buyer has to be able to adapt to changes in the market to maintain a good level of sales, otherwise the company's profits and reputation will take a hit.

What type of companies do buyers work for?

While fashion is often considered to be the most popular industry with the most buyer jobs, buyers can work for any business selling products, such as supermarkets, bookstores, appliance and computer shops.

If you are in the province of Quebec, you can consult our job offers in procurement and logistics. We update them daily and are in frequent contact with companies in the sector.


What are a buyer’s main responsibilities?

The most common tasks and responsibilities of a buyer are:

  • Planning, selecting and purchasing merchandise for resale in retail outlets.
  • Identifying the company's needs, based on the volume of demand, before choosing the quantity of products to purchase. This includes determining the type of products that meet the requirements of the store, taking into account the demand and trends in the industry while staying within the set budget.
  • Awareness of changes that may affect the supply and demand of certain products and materials.
  • Resolving problems that may arise with merchandise or with the supplier.
  • Keeping up with current trends and market developments by reviewing reports, trade journals, magazines, newsletters and attending trade events. Analyzing market trends to anticipate consumer demand and potential sales volume.
  • Researching and evaluating product performance.

A buyer's work is not limited to the markets and product consumption analysis. They are in constant contact with vendors and suppliers. The following responsibilities are also part of the job:

  • Visiting factories to meet with suppliers or designers to see what they have to offer and review product samples.
  • Discussing with vendors to set prices, as well as to see if discounts can be applied, define terms of purchase, and work out shipping details.
  • Inspecting the quality of the product to be purchased and reporting any defects to suppliers. Also communicating with staff and suppliers to take appropriate action and preventative measures regarding poor quality goods.
  • Attending meetings, exhibitions, events and conferences to keep up with the latest industry trends and build a reliable network of suppliers.


How to become a buyer

Generally, companies require a bachelor's degree in accounting or a related field. Certain qualifications, which are often developed with experience, are also required:

  • Good negotiation skills
  • Proficient use of MS Excel, MS Word and ordering and inventory management software
  • Attention to detail and the ability to thrive in a fast-paced, stressful work environment
  • The ability to work in a team-oriented environment and communicate with a variety of stakeholders

 


What is the average salary of a buyer in Quebec?

The average salary for a buyer in Quebec is just under $50,000 per year, or about $25 per hour. Of course, salaries can vary greatly depending on experience, skill set and the company the buyer works for.

Entry-level positions start at about $40,000, while the most experienced workers can earn $80,000 per year.


Get a job as a buyer in Quebec with Fed Supply

Finding a job in logistics in Quebec is not always easy, especially given the strong competition. Fed Supply's mission is to help both candidates and employers.

Even if there are no suitable job offers today, we welcome your unsolicited application. We will add it to our database and put you in touch with companies that are looking for a candidate like you. If you have any questions, you can also contact us by phone at 438-499-0405. We will be happy to help you if you are a candidate or an employer with recruitment needs.

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