WHAT DO BUYERS DO?
Have we got a deal for you! Buyers, also known as purchasing agents, are are analyzers, negotiators and deal-makers. They research, evaluate and buy products for companies to either resell to customers or use in their everyday operations.
Buyers are the people who determine what products get to store shelves, in catalogues, and online. They do the footwork, the research and create the deals to buy large quantities of products for their companies, and then sell them to customers, or use them to create new materials that they then sell to customers.
Some examples of buyers are wholesale and retail buyers, farm goods purchasing agents, or paper and industrial goods buyers.
HOW MUCH DO BUYERS MAKE?
This will depend on the industry you are in, and the complexity of the deals you are brokering. But according to the Bureau of Labor Statistics (BLS), the median hourly income for buyers in 2010 was $28.06, or $58,360 annually.
WHAT ARE THE EDUCATION REQUIREMENTS?
Again, this depends on the complexity of the organization or the materials you are buying. A high school diploma might be enough for some buying jobs, but larger companies might require a bachelor's degree in business or accounting. On-the-job training will help buyers get the experience they need in their field.
Certification is also available through many organizations.
JOB SKILLS AND REQUIREMENTS
- Analytical Skills: You will be working with multiple vendors to determine the best deals for your company, and will have to evaluate the many pros and cons of each, based on price, quality, speed of delivery and other factors.
- Decision-Making Skills: You will need to use the information you have gathered to make decisions on behalf of your company.
- Math Skills: Basic math skills will be needed to analyze prices and get the best deals possible.
- Negotiating Skills: You will be working with suppliers to create the best deals. Negotiating skills will help you create those deals.
CAREER PATHS FOR BUYERS
THE FUTURE OF BUYERS
A little slower than normal, according to the BLS. Slow growth in farming and a decrease in manufacturing in the United States are the leading causes.