Tthe Role of the Fashion Buyer Essay Example | Topics and Well Written Essays - 1500 words

Tthe Role of the Fashion Buyer - Essay idealThe essay Tthe Role of the Fashion Buyer pushs the bearing vendee. In this perspective, the roles of a merchant and a buyer are complementary but deviate to distinct paths. In a traditional aspect, buyers focus on the visual aspects of garments while merchandising focuses on the analytical and numerical aspects of garments. A buyers chief objective pertains to identifying market appropriate garments that can as well satisfy the companys derive requirements. This overall responsibility split into several roles. To begin with, it is crucial to charter types of buying roles in basis of high street and high end perspective. This splits in foothold of retailers, wholesalers and manufacturers. In high street fashion, a buyer may be involved with stocking a shop that deals with designer brands. However, high street fashion deals with other garments apart from designer brands. In a multiple retail hive away, a buyer would concern with a w hole process of product development and arranging delivery of finished products. In free lance clothes retailing, a buyer purchases garments from wholesalers and sell at ones suitable price. In terms of a multiple retail store, a buyer possesses several specific tasks. To begin with, a buyer should select a range of garments that satisfy an optimum profit plan. Target margin refers to the profit that occurs afterward deductions of discounts and unsold stock. In this sense, a buyers task pertains to maximizing gross sales, of purchased stock, and minimizing unsold stock. Besides, a buyer should consider specific profit margin for single products. This necessitates that a buyer works with a merchandiser for a proper mix of stock. In addition, they observe trends of other businesses for interpretation to target customers. In addition, a buyer has a task of identifying a reliable supply base. Buyers must be knowledgeable of futile suppliers effect on sales and eventual profits (Jack son & Shaw 2000, p. 67). More importantly, it is vital for a supplier to consider quality in terms of the cost that the supplier imposes. Furthermore, a buyer should consider the reputation of a manufacturer and supplier in terms of unethical practices. The media are so sensitive that it can haul down a major fashion store because of such an affiliation. After choosing a dependable supplier, a buyer considers the input from entities such as design garment technology and merchandising. This necessitates a process whereby the buyer negotiates of cost prices to supplies. This requires a buyer to possess skills of negotiation in terms of levers. Besides, buyers should evaluate and research on relevant and research market (Entwistle 2009, p. 57). This information is so diverse that it should include future fashion trends, past(a) and current sales. In addition, the buyer should evaluate a consumers closest need. Buyers should also check rivalry stores for evaluation of garments and pr ices. Besides, buyers should establish communication channels with the management, suppliers and product teams. For instance, supplier communication is vital for true to life(predicate), accurate and realistic about the specific terms of a placed order. Product range entails significant presentation in which creative details are clearly evaluated. In addition, buyers have the mandate of considering supplies within the constraints of a stores budget. Other parameters include consideration such as historical orientation on sales and color trends. In addition, a