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Mention the responsibilities of a buyer.

Answer Posted / Upasana Jyoti Tripathi

A Buyer in Textile Engineering has several responsibilities, including:
1. Market Research - Identifying and understanding customer needs, trends, and preferences.
2. Sourcing - Finding reliable suppliers and negotiating prices for materials and goods.
3. Quality Control - Ensuring the purchased items meet quality standards and specifications.
4. Inventory Management - Maintaining accurate records of stock levels and ensuring efficient inventory turnover.
5. Budgeting - Planning and managing budgets to minimize costs while maximizing profits.
6. Merchandise Planning - Developing strategies for merchandise assortment, pricing, markdowns, and promotions.
7. Vendor Relationship Management - Building and maintaining strong relationships with suppliers.

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Explain with diagram any one attachment.

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