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Those who buy finished goods, such as clothes or furniture, are called buyers. Those who buy the parts and materials that help make goods are called purchasing agents or purchasers. These two types of workers have similar duties. Buyers and purchasers research suppliers before buying any goods.
A good purchaser needs communication skills to build relationships with clients and vendors, and strong analytical and research skills to evaluate market trends and find the best prices. Purchasers are often fluent in a foreign language, enabling them to communicate with agents and vendors from around the globe.
The typical day of a purchasing agent centres around procuring goods and services for an organization by assessing vendors, arranging contracts, and analyzing finances. They also build supplier relationships and networks and manage problems that arise during the procurement process.
Purchasing agents and buyers consider price, quality, availability, reliability, and technical support when choosing suppliers and merchandise. Buyers and purchasing agents buy products and services for organizations to use or resell. They evaluate suppliers, negotiate contracts, and review the quality of products.
Responsibilities Develop profitable purchasing strategies. Assess supplier profiles and analyze offers. Prepare and implement effective negotiation tactics. Manage relationships with key suppliers to maintain quality of goods, timely delivery and compliance to terms of contracts. Review supplies to ensure quality.