In the game of video games, you either buy or die.
A picture, 1000 words and all that:
As you can see in the screenshot, each warrior gets to wear headwear (helmet, amulet or pendant) and armour (cloth, light or heavy). They get two weapon sets they can switch between. Then they have an inventory for consumables based on their strength value. this inventory is shared with their carrying/looting capacity during missions though. So filling that up means less grabbing wyrdstone. Equipment comes in three qualities: white, blue, purple. Blues and Purples can be enhanced with runes once you find the (rare) formulas.
Mordheim was on my wishlist but thanks to melkathi it is now on the top of my to play list.