Discover the essential requirements, duties, responsibilities, and skills needed for a Procurement Manager job description.
What does a Procurement Manager do?
A procurement manager, also known as a purchasing manager, is responsible for managing a company's sourcing and supply chain. They work to find the best deals from suppliers and vendors, and help reduce procurement expenses.
Job Description
We are looking for an innovative procurement manager to lead our team. Your main role will be to oversee the purchasing process, from choosing suppliers to optimizing our stock. You will also provide guidance on sourcing and procurement processes.
We need a procurement manager who is an expert in supply chain and logistics. Your main focus will be on finding cost-effective ways to purchase all the goods and services our company needs. You will also ensure that our supply chain follows our company's policies and procedures, and maintains high quality standards.
Job Duties and Responsibilities
- Developing creative and cost-effective procurement strategies.
- Finding reliable suppliers and vendors.
- Negotiating with suppliers and vendors to get the best terms.
- Reviewing existing contracts to make sure they are still working for us.
- Building and maintaining strong relationships with our suppliers and vendors.
- Approving purchase orders and making sure goods and services are delivered on time.
- Evaluating potential contracts and agreements for any risks.
- Managing our procurement budget and finding ways to save money in the long-term.
- Overseeing our IT systems for tracking shipments, inventory, and supply.
- Creating procurement reports.
Requirements and Qualifications
- A bachelor's degree in supply chain management, logistics, or business administration.
- Previous experience managing supply chain operations.
- Experience using supply chain management software like Oracle, SAP Ariba, or Envision.
- Knowledge of contract preparation and negotiation.
- Proficiency in Microsoft Office (Word, Excel, Outlook, and Access).
- Strong leadership and management skills.
- Ability to handle multiple tasks and prioritize effectively.
- Organized and detail-oriented.
- Excellent analytical and problem-solving skills.
Alternate Job Titles
- Purchasing Manager
Procurement Manager Salary
The earning potential of a Procurement Manager can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Procurement Manager in the United States is approximately $129800.