Property Manager: Property, plant and equipment’s all are considered as an asset because of its long-term benefit whereas a manager is any person who is responsible for managing the property (assets/resources) of an individual or organization. As a property manager, he/she is responsible for many activities. All the responsibilities of a property manager are included in a property manager job description. So whatever the responsibilities are mentioned in the job description, you need to perform as a successful property manager. Although in apparel industry property manager are not commonly seen but this kind of manager can be appointed to ensure better management and better application of valuable property and resources.
Property Manager Job Description
If you are appointed as a property manager, then you will be responsible for the following activities. But remember that your responsibilities are not limited with these:
As a property manager, you are required to take care of every fixed asset/property within the job scope.
Purchase of necessary property/resources, ensuring the right quality and quantity for the best price.
Lending of property to individuals, an organization for a particular price and you have to ensure that it meets all the interest of the lender.
Properly negotiate with the clients for purchase of new property or selling of existing property.
Identify the necessity of doing repair and maintenance of the valuable property and also make a scheduled repair and maintenance plan.
Select the right method of valuation of the property at the time of selling or revaluation.
Keep records of every monetary transaction which is related to property, plants, and equipment.
Identify the requirement of new property and sourcing of that property, machine, equipment, land, building etc.
Prepare lease agreement, lease plan of the high-value property and lest the property to the right people/organization/company.
Give each and every update to your boss about every major issue related to the property so that regulating authority know every single aspect.
Calculate tax and other charges imposed by the government and pay off time to time to ensure the properties are using legally.
Make a complete list of property based on the value of the property.
Arrange protection facility so that property misuse can be reduced and also property can be protected from future theft.
Take a decision on whether you will buy the property or use it as a lease basis.
Cost-benefit analysis of all the property and ensure the best possible use of the resources.
Before discussing buyer job description lets have an idea of who is a buyer. A buyer is a person or a company who is responsible for buying required product or services for their own use or for reselling. In other words, a buyer is an entity which actually sources and buys a solution for a particular problem. Here in this article, I will discuss the roles and responsibilities of buyers and what qualities will be required to become a good buyer.
Responsibilities of a Buyer
In a buyer job description, you may find several responsibilities are mentioned. If you want to become a professional buyer for a company, then you must perform the following responsibilities:
Sourcing/ buying the right products as per the requirement of the company.
Continuously monitoring market demand and supply for your required products.
Negotiate with supplier/ manufacturer to get the product with the best price.
Make procurement contract with the supplier as per future demand, the contract can be long term or short term which is based on product type.
Communicate with sales/ Production manager about their requirements.
Submit a report to the top management of an organization where you are working as a buyer.
Work for developing a good supply chain so that you can buy your required product easily.
Analyzing each and every buying opportunities available for a particular situation.
Place purchase order to the seller of a particular product or services
Estimate future buying needs of your company.
Follow up buying process and update the buying status of your product.
Collecting sample product and analyze them in terms of price, quality, and availability for different suppliers and then make a buying decision.
Develop and maintain a buying database were you need to keep records of every buying product and update a status of every requisition placed by the different department.
Check and verify all the required specification of purchased products.
Job Description of Garments Buyer
As a garments buyer basically we mean, person or company buying bulk quantity of garments products from the manufacturers or suppliers. But this is not only applicable to buying garments products but also buying is required for the manufacturers of garments product. A manufacturer needs to source yarn, fabric, trims and accessories, a coloring agent, printing materials, packing materials etc. All these buying requirements are fulfilled by the procurement department of a garments factory.
Job Description of Buyer of Garments Seller
As a garments product seller, you may purchase products for your own retails store to sell it to the other selling agents. A commonly used garments buyer job description includes:
You will be responsible for sourcing garments from around the world or locally.
Sourcing should be done from a quality manufacturer or your company nominated suppliers.
Negotiate with the supplier for sells terms and conditions and buying price.
Conduct audit in garments factory as a garments buyer, which is commonly known as the buyer’s audit.
You are responsible for ensuring 100% quality requirement made by the company.
Collecting garments sample and evaluate accordingly
Place buying order for bulk quantity and follow up the production and receiving process.
Job Description of Buyer of Garments Manufacturer
If you are a garments manufacturer, then for your garments factory you must source your raw materials from local or international sources. As a buyer, you are responsible to purchase all the necessary item for your company and buyer job description may include:
You will be responsible to find out all prospective suppliers from local and international.
Identify which supplier will be good for our buying of raw materials. Here good in terms of quality, cost, availability and lead time.
Collect sample, evaluate and finally buy the product (yarn, fabric, dyes chemicals, trims, and accessories) from the suppliers.
Develop a good supply chain for buying textile and garments materials.
Qualities of a Good Buyer
As a good buyer, you need to have 6 different types of qualities and skills. Following qualities may include in buyer job description which is expected by the employer.
Adequate Product Knowledge
Proper Understanding of Market
Good Communication Skills
Ability to Buildup Link
Negotiation skills are the topmost priority given quality required for the buyer. Because the employer believes that a good negotiation will help to get the least price for the product. In general, a buyer negotiates with the seller with the price and quality. If you want to become a good negotiator, then you must acquire some key negotiation qualities. Garments buyers give more focus on negotiation as they purchase bulk amount and manufacturer/ supplier has less bargaining power.
Adequate Product Knowledge
As a buyer when you want to buy a product you should have proper knowledge of that particular product. So that you can buy the right product, the right quantity at a right price. Product knowledge is all about knowing, where this product is available, how many suppliers deal with this product, how much it can cost and finally how to evaluate its quality.
Proper Understanding of Market
Understanding market demand and supply will be helpful to make buying decision and negotiation. As a good buyer, you always choose the source or time where the product price is low. Always keep in mind local and international market so that you can compare the cost associated with the sourcing of that product and choose the right decision.
Good Communication Skills
As a price negotiator, you must have the quality of effective communication. Buyers communicate with suppliers or sellers through the mail, phone call, or direct visit (face to face communication). So where to use which language you should know and how an effective buying is to be done through right communication skills you need to be aware.
Ability to Build up Link
Here link building means, building your supply chain (procurement channel). If you successfully build up your own channel/link, then it will be easy for you to purchase a right product with giving minimum efforts with maximum benefit.
This skill is required to evaluate the suppliers whether they are giving right products or not, whether they are charging an accepted market price or not. A good analytical skill will help you to analyze the market and buying decision making.