Key Responsibilities and Required Skills for E-commerce Buyer
💰 $55,000 - $100,000
🎯 Role Definition
An E-commerce Buyer is responsible for selecting, sourcing, and managing products sold through online channels. This role combines market research, data analysis, supplier negotiation, and inventory management to maximize sales, profitability, and customer satisfaction while aligning with the company’s e-commerce strategy.
📈 Career Progression
Typical Career Path
Entry Point From:
- Junior Buyer or Purchasing Assistant
- E-commerce Merchandising Coordinator
- Retail or Product Assistant
Advancement To:
- Senior E-commerce Buyer
- Category Manager or Merchandising Manager
- Head of E-commerce or Procurement Director
Lateral Moves:
- E-commerce Product Manager
- Inventory Planner or Supply Chain Analyst
Core Responsibilities
Primary Functions
- Conduct market research to identify trends, new products, and emerging consumer demands for online sales channels.
- Source and evaluate suppliers, negotiating prices, payment terms, and delivery schedules to optimize cost and quality.
- Develop and maintain relationships with key suppliers and vendors to ensure consistent product availability.
- Analyze sales data, inventory levels, and customer insights to make informed buying decisions.
- Plan and execute product assortment strategies, ensuring a balanced mix of best-sellers, new launches, and niche items.
- Monitor online sales performance and adjust purchasing decisions based on metrics such as conversion rates, returns, and customer feedback.
- Manage purchase orders, track shipments, and ensure timely delivery to fulfillment centers or warehouses.
- Collaborate with marketing and merchandising teams to plan promotions, seasonal campaigns, and product launches.
- Forecast demand for products based on historical sales, market trends, and seasonal variations.
- Evaluate supplier performance and conduct periodic reviews to ensure quality, delivery, and compliance standards.
- Implement pricing strategies, considering cost, margin targets, and competitive positioning.
- Conduct competitor analysis to identify opportunities and threats in product offerings and pricing.
- Maintain accurate records of purchase orders, supplier contracts, and product specifications.
- Work with inventory and warehouse teams to optimize stock levels and minimize overstock or stockouts.
- Support the integration of new products into e-commerce platforms, including product descriptions, images, and categorization.
- Negotiate contracts for exclusive products, private labels, or vendor partnerships.
- Analyze profitability and return on investment (ROI) for product categories and individual items.
- Ensure compliance with company policies, legal requirements, and supplier agreements.
- Participate in cross-functional meetings to align purchasing decisions with business strategy.
- Identify opportunities to improve sourcing processes, reduce costs, and enhance product assortment efficiency.
Secondary Functions
- Support ad-hoc reporting and data analysis related to product performance and supplier metrics.
- Contribute to the organization’s e-commerce strategy and roadmap.
- Collaborate with IT and merchandising teams to optimize online product listings and digital content.
- Assist in pilot programs or testing of new products and suppliers for e-commerce channels.
Required Skills & Competencies
Hard Skills (Technical)
- Supplier sourcing and negotiation
- E-commerce merchandising and product management
- Inventory management and forecasting
- Data analysis and reporting (Excel, BI tools)
- Purchase order and supply chain coordination
- Pricing strategy development
- Market research and trend analysis
- Knowledge of e-commerce platforms (Shopify, Magento, etc.)
- Contract management and compliance
- Profitability and ROI analysis
Soft Skills
- Strong analytical and problem-solving abilities
- Excellent communication and negotiation skills
- Attention to detail and organizational skills
- Time management and prioritization
- Relationship building and stakeholder management
- Decision-making under pressure
- Adaptability to fast-paced e-commerce environments
- Collaboration and teamwork
- Creativity in product selection and promotion strategies
- Customer-focused mindset
Education & Experience
Educational Background
Minimum Education:
Bachelor’s degree
Preferred Education:
Bachelor’s or Master’s degree in Business, Supply Chain, Marketing, or a related field
Relevant Fields of Study:
- Business Administration or Supply Chain Management
- Marketing, Retail Management, or E-commerce
Experience Requirements
Typical Experience Range:
3–5 years of experience in purchasing, merchandising, or e-commerce product management
Preferred:
Experience with online retail, vendor negotiations, and managing multi-category e-commerce assortments