Wholesale Buyer duties and responsibilities
Wholesale Buyers must perform various duties and responsibilities to succeed in their role, including:
- Reviewing the guidelines and protocols of a wholesale establishment
- Determining the type and quantity of goods to buy for a wholesale establishment
- Selecting goods that fit the budget and purchasing requirements of an organization
- Meeting with suppliers and negotiating transportation arrangements, prices, discounts, and credit terms
- Managing the distribution of goods to outlets
- Maintaining the required stock levels of an organization
- Establishing and maintaining contact with merchandise suppliers
- Keeping records of all transactions and submitting them to the accounting department for auditing
Wholesale Buyer skills and qualifications
To perform their duties and succeed at their job, a Wholesale Buyer must have various skills and qualifications, such as:
- Excellent oral and written communication skills
- Negotiating skills to get the best goods for the correct prices
- Problem-solving skills to solve stock and inventory issues
- Analysis skills to identify the required goods to buy from market reports, sales promotion materials and product events
- Organizational skills to monitor merchandise and purchase orders
- Leadership skills to manage interns and other employees
Wholesale Buyer experience requirements
A Wholesale Buyer must have experience determining the right goods to buy, handling purchase orders, and buying merchandise. When going through an applicant’s resume, look for at least one year of experience in a similar role. Experience in a leadership position can prepare a candidate well for a Wholesale Buyer role.
To gain the necessary experience, a Wholesale Buyer can work internships or voluntary positions under a Senior Wholesale Buyer. Other experience requirements depend on your wholesale organization’s needs and industry.
Wholesale Buyer education and training requirements
When going through resumes, look for candidates with a high school diploma or GED. An ideal candidate may also have a college diploma or a university degree in business administration, economics, marketing, or related fields. Other education and training qualifications may be preferred depending on your industry requirements .
Wholesale Buyer salary expectations
According to Indeed Salaries, the average salary for a Buyer in Canada is $71,710 per year. Salaries can vary depending on factors like location, employer and level of experience.
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