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Category Buyer

Overview, Education, Careers Types, Skills, Career Path, Resources

Category Buyers analyze consumer trends and manage product categories for retailers, ensuring optimal selection and profitability.

Average Salary

₹6,00,000

Growth

medium

Satisfaction

medium

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Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

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    Market Analysis
    -
    Negotiation Skills
    -
    Product Knowledge
    -
    Inventory Management
    -
    Financial Acumen
    -
    Supplier Relationship Management
    -
    Data Analysis
    -
    Category Strategy Development
    -
    Risk Management
    -
    Communication Skills
Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

    -
    Negotiation Skills
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    Analytical Skills
    -
    Communication Skills
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    Decision-Making Skills
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    Relationship Management
    -
    Problem-Solving Skills
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    Adaptability
    -
    Organizational Skills
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    Attention to Detail
    -
    Strategic Thinking
Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

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    Data Analysis and Interpretation
    -
    Market Research
    -
    Negotiation Skills
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    Supply Chain Management
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    Product Knowledge
    -
    Financial Acumen
    -
    Category Management
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    Communication Skills
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    Software Proficiency (ERP, CRM)
Duties and Responsiblities

Task

95%

Negotiate contracts with suppliers to secure the best possible terms and pricing, ensuring cost-effectiveness.

92%

Analyze market trends and sales data to identify popular products and forecast future demand accurately.

90%

Develop and implement effective purchasing strategies to optimize inventory levels and reduce waste.

88%

Collaborate with cross-functional teams, including marketing and sales, to align product selection with business goals.

85%

Evaluate supplier performance based on quality, delivery, and pricing to maintain high standards.

82%

Manage and maintain strong relationships with key suppliers to ensure a reliable supply chain.

80%

Monitor inventory levels and implement strategies to minimize stockouts and overstock situations.

78%

Conduct regular market research to stay updated on new products, trends, and competitive landscape.

75%

Ensure compliance with company policies and industry regulations in all purchasing activities.

72%

Prepare and present reports on purchasing activities, market trends, and supplier performance to management.

70%

Identify and evaluate new suppliers to diversify the supply base and mitigate risks.

68%

Resolve any issues or discrepancies related to orders, deliveries, or invoices promptly and efficiently.

Work Activities

95%

Analyzing market trends to identify popular products and consumer preferences.

92%

Negotiating with suppliers to secure the best prices and terms for products.

90%

Selecting products to be included in the category based on market demand.

88%

Managing inventory levels to ensure product availability and minimize waste.

85%

Developing pricing strategies to maximize profitability and competitiveness.

82%

Planning and executing promotional activities to drive sales and increase product visibility.

80%

Monitoring category performance and making adjustments to improve results.

78%

Building and maintaining strong relationships with suppliers and internal stakeholders.

75%

Ensuring product quality and compliance with safety standards.

72%

Analyzing competitors' products, pricing, and marketing strategies.

70%

Analyzing sales data and market trends to identify opportunities for growth.

68%

Preparing reports on category performance and presenting findings to management.

Detailed Work Profile

Interests