A buyer
is a person or a company who acquires a product or service for
something in return. If a buyer purchase finished goods for resale then
he will be called as merchandiser. A buyer who purchases raw materials
for production is called as purchasing agent. When a buyer purchases
goods from other countries, he will be called as importers. Buyers play a
vital role in supply chain in the business market.
A buyer’s most
important role is to buy quality products or services for affordable
cost. Negotiation is the essential skill that a buyer must have.
A buyer must have thorough knowledge of suppliers. He
must be aware of new suppliers and reputed suppliers in the market. They
can get entire supplier list from 250 countries in Bizbilla.com.
They must send requisitions and get quotations from various suppliers
in their industry. And then he should select quality suppliers with
affordable prices among all the quotations. The most important task is
to negotiate for low cost and send purchase order to the right
suppliers. Then he must do follow-up for the delivery of products in
time.
In a supply chain, buyer plays a vital role. When a
buyer actively participates in supply chain, the production cost will be
lesser. Buyers have an important role in inventory management. He
should be aware of in-stock status and make purchase order accordingly.
If a buyer does his part actively then supply chain will be strong.
Buyer has to
know the current trends in global and local market. Buyers can gain
plenty of information from the global database provided in b2b global
marketplace Bizbilla.com. And Bizbilla has the complete list of buyers across the world.