Procurement Manager identifies potential suppliers, screens them, and negotiates favorable payment terms with
selected suppliers. After formalizing the supply contract with the aid of legal professionals, the procurement manager
then monitors supplier performance to ensure contractual obligations are met and to help make the supply
procurement process as cost-effective and efficient as possible.
Aside from dealing with external suppliers, a procurement manager also works with managers, engineers, and
executives within the company to engage in capital projects. By being involved early in the process, a procurement
manager can ensure essential supplies are procured. Furthermore, a procurement manager monitors changes in the
industry and develops forecasts to determine appropriate budgets. These forecasts are used to develop
comprehensive strategies to further the company's operational goals.
Due to the technical and analytic nature of the position, a procurement manager often has at least a bachelor's degree
in a technical discipline. Also, a procurement manager will often have certification as a professional in supply
management (CPSM) or will be a certified purchasing manager (CPM). A procurement manager also must be an
excellent negotiator with in-depth knowledge of supply chain structures. Finally, a procurement manager must be able
to effectively communicate with all levels of a business, and reconcile differences in understanding and vision. An
effective procurement manager must be able to use diplomacy to keep various groups within a company on the same
page and working towards the same goals.
The duties of Procurement Manager includes to negotiate contracts, policies and deadlines with suppliers and vendors.
Monitor prices by product and vendor to predict and account for financial fluctuations. Manage flow of goods and
supplies for optimum production, analyzing and adapting internal policies. Prepare and process purchase orders and
purchase requisitions, and maintain documentation of the acquisition of goods and manage staff and vendors for
timely arrival of products and goods.
Procurement Managers job operates in a professional office environment. This role routinely uses standard office
equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Frequently travel is outside the
local area and overnight.
Entry Level Education
- Bachelor Degree in Business Management or administration, Economics, or any related fields.
- Master’s Degree in MBA.
- Post graduate Diploma and Certificate courses in Purchase Management.