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B UYING T RIPS Ensuring Successful Outcomes Judy Lew, Purchasing Manager.

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Presentation on theme: "B UYING T RIPS Ensuring Successful Outcomes Judy Lew, Purchasing Manager."— Presentation transcript:

1 B UYING T RIPS Ensuring Successful Outcomes Judy Lew, Purchasing Manager

2 O VERVIEW Preparing for a buying trip Traveling internationally Meeting the client Choosing the merchandise Closing the deal Following up

3 P REPARING FOR A B UYING T RIP Know your needs Know your customers Know the current trends Set up your meetings Plan the itinerary Read the Buyer manual Pack what you need

4 T RAVELING I NTERNATIONALLY Know the culture Read the latest advisories Check your passport Update your immunizations

5 M EETING THE C LIENT Make proper introductions Dress appropriately Build good relationships

6 C HOOSING THE M ERCHANDISE Is it available? Is it good quality? What’s the production time? What’s our profit margin? The Buyer manual has important information about the minimum requirements

7 C LOSING THE D EAL Negotiate terms Mutually commit to a schedule Sign the appropriate contracts

8 F OLLOWING U P Submit the paperwork Keep in touch with the clients Track the order Did it arrive on time? Did it arrive undamaged? Was the right quantity received?

9 S UMMARY Buying trips are good investments only if they produce long-term relationships that sustain both the buyer and the seller. Our relationships with our sellers are critical to our reputation for unique affordable products.


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