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Automation Risk Analysis

Will “Gold Buyer” be Automated?

Historical Context: Oxford Study (2013)

Ranked #237 of 702. Estimated risk: 29.0%

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AI Exposure Risk

52%

“Gold Buyer” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 52% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

35%

“Gold Buyer” will probably not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 35% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Wholesale and Retail Buyers, Except Farm Products, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Buy merchandise or commodities, other than farm products, for resale to consumers at the wholesale or retail level, including both durable and nondurable goods. Analyze past buying trends, sales records, price, and quality of merchandise to determine value and yield. Select, order, and authorize payment for merchandise according to contractual agreements. May conduct meetings with sales personnel and introduce new products. May negotiate contracts. Includes assistant wholesale and retail buyers of nonfarm products.

Job Title & Hierarchy Code (SOC) Wholesale and Retail Buyers, Except Farm Products #13-1022
ℹ️

Data is based on the reference occupation: “Wholesale and Retail Buyers, Except Farm Products”

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Core Skills & Abilities

  • Determine which products should be featured in advertising, the advertising medium to be used, or when the ads should be run.

  • Negotiate prices, discount terms, or transportation arrangements with suppliers.

  • Examine, select, order, or purchase merchandise consistent with quality, quantity, specification requirements, or other factors, such as environmental soundness.

  • Analyze environmental aspects of competing merchandise when making buying decisions.

  • Monitor and analyze sales records, trends, or economic conditions to anticipate consumer buying patterns, company sales, and needed inventory.

  • Monitor consumer preferences or environmental trends to determine the best way to introduce new green products.

  • Recommend mark-up rates, mark-down rates, or merchandise selling prices.

  • Train or supervise sales or clerical staff.

  • Compare transportation options to determine the most energy-efficient options.

  • Develop strategies to advertise green products or merchandise to consumers.

  • Authorize payment of invoices or return of merchandise.

  • Provide clerks with information to print on price tags, such as price, mark-ups or mark-downs, manufacturer number, season code, or style number.

  • Obtain information about customer needs or preferences by conferring with sales or purchasing personnel.

  • Monitor competitors' sales activities by following their advertisements in newspapers or other media.

  • Conduct sales meetings to introduce new merchandise.

  • Buy merchandise or commodities for resale to wholesale or retail consumers.

  • Inspect merchandise or products to determine quality, value, or yield.

  • Identify opportunities to buy green commodities, such as alternative energy, water, or carbon-neutral products for resale to consumers.

  • Collaborate with vendors to obtain or develop desired products.

  • Consult with store or merchandise managers about budgets or goods to be purchased.

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