What Is The Meaning of Buying And Merchandising?

Buying and Merchandising

Merchandising and Buying is often termed as a combination of art and statistics. It is a key function for any retailer as this department is responsible for the procurement of merchandise to be sold in the stores by it, sourcing it from vendors or manufacturers. Key tasks in this career area include the selection of vendors, costing of merchandise procured, allocation of merchandise to the stores, developing distribution plans and calculating gross margins. A key aspect to be remembered is that very often, it may require extensive traveling to locate vendors and exclusive merchandise for the retail stores.

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