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RETAIL BUYERS TASKS RetailJobs (3.) Evaluation of Potential Products…

RETAIL BUYERS TASKS RetailJobs

2.) Identification of Potential Products & Suppliers  :check:

4.) Teamwork designers and technologists

Swindley's Research Showed -> Product Selection is central role of buyers according to buyers (takes minority of their time)

 3.) Evaluation of Potential Products Suppliers :check:

2.) Balance out different types of product effectively so the customers are offered sufficient variety in terms of price and style

2 Sister Chicken Company -> had M&S, Lidl, Aldi, Coop ->  had contamination problems & extended the use by date -> lost all their clients

4.) Develop Plan on Product Material, Colour, Order Quantity

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 4.) Pre-Selection :check:
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2.) Negotiate / Renegotiate Prices   
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Tesco had a Dispute over 10% Price Increase with Unilever in 2016, Which Resulted in Tesco not Having Unilever Products such as Marmite and Ben & Jerry's on its Shelves

 Unilever Wanted to Increase Price because of Rising Pound. But Tesco did not agree to buy for more, allegedly in order to provide lower prices for customers

(Guardian, 2016)
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When Negotiating Prices with Suppliers, do not cross the line & use the power

CO-OP failed to treat their suppliers right & £500 000 to their Suppliers

3.) Decide Which Products and How to Present to the Senior Management

1.) Calculate Average Selling Price & Average Profit Margin for the Range

Have to Make Sure the New Line Will Meet the Target Profit

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5.) Final Selection :check:
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3.) Adapt to the Requirements of the Senior Management

2.) Present the New Range to Senior Management

6.) Monitoring The Critical Path :check:

If not satisfied with the product Quality -> ask manufacturer to make amendments & resemble again

8.) Evaluation of Product & Supplier Relationship :check:

1.) Assess Different Qualitative (Product Development, Quality, Delivery Time & Communication) and Quantitative Data

use: This Year/Last Year (TYLY)

2.) Compare Sales to Previous Forecasts