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Merchandise buyer vs merchandise planner

The differences between merchandise buyers and merchandise planners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes More than 10 years to become a merchandise buyer, becoming a merchandise planner takes usually requires 2-4 years. Additionally, a merchandise planner has an average salary of $69,460, which is higher than the $49,264 average annual salary of a merchandise buyer.

The top three skills for a merchandise buyer include vendor relations, purchase orders and customer service. The most important skills for a merchandise planner are gross margin, strong analytical, and math.

Merchandise buyer vs merchandise planner overview

Merchandise BuyerMerchandise Planner
Yearly salary$49,264$69,460
Hourly rate$23.68$33.39
Growth rate19%19%
Number of jobs22,29132,301
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 82%
Average age4744
Years of experience-4

Merchandise buyer vs merchandise planner salary

Merchandise buyers and merchandise planners have different pay scales, as shown below.

Merchandise BuyerMerchandise Planner
Average salary$49,264$69,460
Salary rangeBetween $37,000 And $64,000Between $46,000 And $102,000
Highest paying CityFairview, NJSan Francisco, CA
Highest paying stateNew JerseyCalifornia
Best paying companyBob's Discount FurniturePandora
Best paying industryManufacturingRetail

Differences between merchandise buyer and merchandise planner education

There are a few differences between a merchandise buyer and a merchandise planner in terms of educational background:

Merchandise BuyerMerchandise Planner
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 82%
Most common majorBusinessBusiness
Most common collegeUniversity of Minnesota - Twin CitiesUniversity of Pennsylvania

Merchandise buyer vs merchandise planner demographics

Here are the differences between merchandise buyers' and merchandise planners' demographics:

Merchandise BuyerMerchandise Planner
Average age4744
Gender ratioMale, 37.2% Female, 62.8%Male, 37.1% Female, 62.9%
Race ratioBlack or African American, 3.9% Unknown, 3.1% Hispanic or Latino, 8.7% Asian, 6.7% White, 76.8% American Indian and Alaska Native, 0.8%Black or African American, 8.6% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.1% White, 64.5% American Indian and Alaska Native, 0.3%
LGBT Percentage15%9%

Differences between merchandise buyer and merchandise planner duties and responsibilities

Merchandise buyer example responsibilities.

  • Prepare the merchandise assortment plan for the company, manage the OTB and purchase the merchandise.
  • Manage open-to-buy to ensure continual flow of merchandise to stores and warehouses with careful attention to advertise events and promotions.
  • Perform allocations pulls in JDA program on inbound shipments and back-stock merchandise from distribution centers.
  • Assist in implementing the POS system and develop pricing policies.
  • Enter data into the appropriate POS systems and create new identifications for new product purchases.
  • Create open to buy, allocation buying, pricing, and direct the visual presentation of all apparel.
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Merchandise planner example responsibilities.

  • Monitor and analyze planned assortments by door in order to achieve plan turn goals and ROI.
  • Manage purchase order logs to ensure plan receipts and IMU requirements are maintained in the department.
  • Complete training on the JDA planning and forecasting system to effectively manage the financial aspects of each department.
  • Implement and manage the E3 auto-replenishment system to optimize inventory levels of width-size shoes, core shoes and shoe accessories.
  • Manage product flow in apparel category; determining order quantities and generating purchase orders for new and replenishment orders.
  • Manage and maintain the OTB for specific departments by preparing forecasts, evaluating performance, and maximizing profitability while minimizing liabilities.
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Merchandise buyer vs merchandise planner skills

Common merchandise buyer skills
  • Vendor Relations, 14%
  • Purchase Orders, 11%
  • Customer Service, 10%
  • Apparel, 6%
  • Trade Shows, 5%
  • Product Categories, 4%
Common merchandise planner skills
  • Gross Margin, 8%
  • Strong Analytical, 7%
  • Math, 7%
  • Historical Data, 7%
  • Open-To-Buy, 6%
  • Apparel, 6%

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