What Can I Expect In The Role As A Buyer?

If you are considering a job as a Buyer, but are not quite sure what is involved, then the following information should be helpful to you.

What Type Of Work Does A Buyer Do?

As the title "Buyer" suggests, you would be buying the products that your business sells to its customers. In a manufacturing firm, buyers also purchase parts and equipment that the business needs to operate.

A Buyer's Duties

A Buyer's duties are very diversified and include the following:

• Selecting the products that the company will sell.
• Meeting with vendors and negotiating prices.
• Making new product presentations to senior management.
• Tracking purchases to assure they are received on time.
• Clearing invoices for vendor payment.
• Monitoring and recording stocking levels.
• Generating reports on inventory.
• Creating sales forecasts.
• Attending trade fairs.
• Researching new products for resale.

Depending on what industry you find yourself in, you may need additional specialist skills. For example, fashion buyers need to advise their teams about new trends and retail buyers need to be able to analyse the consumer's buying patterns.

The Qualifications And Experience Employers Require

Although you do not necessarily need a degree if you have practical business or retail experience, some employers consider those with a BTEC HNC/HND better candidates. A degree in business, logistics, or supply chain management would also be helpful in securing a Buyer position.

Some companies also require technical knowledge or specialist experience. Some examples include:

• A fashion-buying job might require a degree in design or fashion buying.
• Most companies will expect their buyers to have membership in CIPS (Chartered Institute of Purchasing and Supply). They do consider applicants that are working towards a CIPS membership.
• A position with a manufacturing firm might require an engineering degree.

Other options include securing a training position with a company. Buyer trainees usually need a degree but companies will consider applicants with excellent qualifications.

You may also find an Administrator or Assistant position in a company's purchasing department. You would then work toward a higher-level position as you become experienced and after you receive your CIPS qualifications.

How To Receive CIPS Qualifications

CIPS qualifications can be studied at private training providers or through local colleges. Typical CIPS qualifications include:

• Certificate in Purchasing and Supply - Level 3
• Diploma in Purchasing and Supply - Level 4
• Advanced Diploma in Purchasing and Supply - Level 5
• Graduate Diploma - Level 6

Administrators and entry-level employees need Level 3 or Level 4 to qualify for their positions. Achieving Level 6 is the goal of most Buyers.

Salaries And Benefits You Can Expect

Although these figures are meant as a guide only, they will give you an idea of what to expect for salary.

• Assistant Buyers and Administrative Assistants can expect an annual salary range of £12,000 - £20,000.
• Buyers with experience can expect an annual salary range of £22,000 - £44,000.
• Purchasing Managers and Senior Buyers can expect an annual salary range of £50,000 +.

Working Conditions And Hours You Can Expect

Generally, standard office hours Monday through Friday will apply to most purchasing positions. You should be prepared to work some overtime if necessary. Most of your time is spent in the office, however you will be required to travel occasionally, attending trade fairs, and meeting with vendors.

What Types Of Opportunities You Will Find

You can find opportunities in the service industries, manufacturing, and retail industries. Positions are usually posted online or can be found in trade magazines, recruitment agencies as well as in the local and national press.

It is also wise to keep in mind that larger companies offer excellent promotion prospects. As you gain experience, you will be able to move into sales, marketing, management and other related areas.