Procurement Managers, also known as Purchasing Managers, manage a company’s sourcing capabilities and supply chain. They are responsible for strategizing and negotiating with suppliers and vendors in order to acquire the most cost-effective deals and to reduce procurement expenses.
Role and responsibilities
Developing procurement strategies that are inventive and cost-effective.
Sourcing and engaging reliable suppliers and vendors.
Negotiating with suppliers and vendors to secure advantageous terms.
Reviewing existing contracts with suppliers and vendors to ensure on-going feasibility.
Building and maintaining long-term relationships with vendors and suppliers.
Approving purchase orders and organizing and confirming delivery of goods and services.
Performing risk assessments on potential contracts and agreements.
Controlling the procurement budget and promoting a culture of long-term saving on procurement costs.
Overseeing and managing the IT systems that track shipments, inventory, and the supply of goods.
Preparing procurement reports
Qualifications and education requirements
Bachelor’s degree in supply chain management, logistics, or business administration.
Proven experience managing supply chain operations.
Experience using supply chain management software and tools, including Oracle, SAP Ariba, and/or Envision.
In-depth knowledge of preparing and reviewing contracts, invoicing, and negotiation terms.
Proficient in Microsoft Office Suite (Word, Excel, Outlook, and Access).
Management and leadership skills.
Multi-tasking and time-management skills, with the ability to prioritize tasks.
Highly organized and detail-oriented.
Excellent analytical and problem-solving skills.