What it takes to be the best in my field of work.docx - What it takes to be the best in my field of work Being the best in purchasing is all about the

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What it takes to be the best in my field of work Being the best in purchasing is all about the numbers, inventory control, and uncovering new product ideas. It takes many factors to be the best in the field of purchasing. Establishing good relationships with Vendors, seeking out fresh new products, and strong work ethics are essential skills as a Purchaser. Continuous communication with Vendors forms bonds that inspire Vendors to relax their price point goals, and allow purchasing at below-market rates. Knowing how to negotiate pricing to your company's advantage can steadily put you on the fast track to success in purchasing. Understanding the market, and its highs and lows seasonal pricing, is so important. Negotiating with a Vendor for a lesser price can significantly reduce inventory costs, and helps your company to gain a sizable profit. Increasing the number of products purchased from a single Vendor can boost buying power, to achieve a greater profit margin.

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