What does a Procurement Manager do?
A Procurement Manager manages and directs the purchasing of all the goods and services a company needs. They are responsible for identifying potential supplier sources, conducting interviews with potential vendors, negotiating favourable supplier agreements and managing supplier and vendor contracts.
Procurement Managers constantly monitor what a company purchases, delivers and spends to ensure that the approved purchases fall within budget guidelines, are cost-efficient and of high-quality. They also spend a good part of their time assisting Purchasing Agents and providing product-specific training to junior staff to ensure they adhere to the company’s procurement policies and procedures.
Procurement Manager skills and qualifications
A Procurement Manager is responsible for identifying and procuring the goods and services an organisation needs for its day-to-day operations. A successful Procurement Manager candidate will have various prerequisite skills and qualifications, that include:
- Financial and numerical skills
- High-level of attention to detail
- Excellent analytical and problem-solving skills
- Exceptional talent in negotiating and networking
- Solid knowledge of supplier or third-party management software
- Exceptional communication skills with the ability to foster strong supplier relationships
Procurement Manager experience requirements
Most employers require a Procurement Manager to have a minimum of two years of experience working as a Procurement Clerk, Junior Buyer or any other related position. Negotiation experience of any kind is invaluable and shows that the candidate knows how to prepare a pitch, assess leverage and use persuasion skills. An ideal Procurement Manager also has a firm grasp or background knowledge of specific industries and markets.
Procurement Manager education and training requirements
Most employers require candidates to hold a Bachelor’s Degree in a business-related field like Business Management, Contract Management or Procurement. Some employers prefer candidates with a Master’s Degree and an industry recognised certification, such as the Chartered Institute of Procurement & Supply (CIP) certification, NVQ certifications in Supply Chain Management and Higher National Diploma/Certificate in Procurement.
Procurement Manager salary expectations
According to Indeed Salaries, Procurement Managers earn an annual salary of around £48,267 per year. This salary can vary depending on actors, including the applicant’s qualification, experience and previous accomplishments.
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