Tag Archive | negotiation

Negotiations

Buyers negotiating

Buyers negotiating

Negotiating is a skill that all buyers should be exceptional at.  Negotiating prices with suppliers is what buyers go through all year. The buyers and the suppliers need to agree to benefit both sides.  The buyers want to achieve the most for the company while the suppliers want to make their fair share in creating and distributing the product.  Typically, the executives at the manufacturers will be the first to give a ‘cost price’ for a garment, then the buyers will negotiate until both feel satisfied.  However, garments may be dropped from the original plan if either side doesn’t come to an agreement.

“Buyers should be able to estimate from past experience how much the consumer will expect to pay for a particular garment, and therefore can calculate the optimum cost price which they would be prepared to pay.”

Negotiating – Fashion Buying

Getting Prepared

Resume checklist

Resume checklist

There are numerous skills needed to be a fashion buyer; however, here are a few main points that interviewers are looking for in their new hirees.

Essential Skills:

  • Good analytical skills
  • Creativity
  • The ability to recognize future trends
  • Excellent commercial awareness
  • Communication skills
  • Confidence and presentation skills
  • Ability to make decisions under pressure
  • Negotiation skills

Below are very educational websites that will keep you informed on the latest trends, analysis and research.

WGSN

StyleSight

Knowing and immersing yourself in fashion skills will benefit your interviewing process.  I did not know about these sites so I am definitely going to use these as helpful tools.  Also, having a broader vision of international fashion trends will make you one step ahead of everyone else who hasn’t done their research.

Retail Choice