What does a Purchasing Manager do?
A Purchasing Manager supervises a company’s procurements. Purchasing Managers help their organisation identify, qualify and develop relationships with vendors or suppliers. They create, lead and execute purchasing strategies to help a company get orders. Purchasing Managers collaborate with other departments to identify supply needs. They manage the day-to-day activities of a purchasing team.
Purchasing Managers create strategies that give their company an advantage during procurement negotiations. They monitor and reduce procurement costs while improving operating efficiency.
Purchasing Manager skills and qualifications
A successful Purchasing Manager candidate needs various prerequisites and qualifications to perform their duties effectively. These include:
- Procurement cost management and analysis skills
- Understanding of supply risk control
- Contract management skills
- Knowledge of source-to-settle processing for vetting vendors and improving inventory cycles
- Thorough understanding of audits for retesting the stages of a company’s procurement management system
- Bid assessment skills for qualifying new products based on financial statements or fiscal priorities
Purchasing Manager experience requirements
Purchasing Managers typically need experience in procurement, inventory management or supply chain management. Depending on the employer, Purchasing Managers need two to ten years of work experience.
Most employers require candidates to understand the manufacturing or production processes of their industry, having a background in their fields. Candidates can gain valuable experience during their academic studies and through professional training. Consider candidates who have worked in buying, selling or negotiating contracts. Experience in a management position is also essential for this role.
Purchasing Manager education and training requirements
Most employers will accept Purchasing Manager candidates with a bachelor’s degree or higher national diploma. Desirable fields of study include purchasing and supply, supply chain management, purchasing and logistics. Some organisations fill this post via a commercial procurement and supply higher apprenticeship.
Others choose the Purchasing Manager from their own purchasing departments. Many employers accept extensive experience in procurement instead of academic qualifications from their candidates. The Chartered Institute of Purchasing and Supply provides a wide range of training for Purchasing Manager candidates.
Purchasing Manager salary expectations
According to Indeed Salaries, the average salary for a Purchasing Manager in the UK is £40,029 per year. Actual pay may depend on the employer, location and responsibilities.
Job description samples for similar positions
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