Supply Chain Recruitment is a key factor in employing the right candidate for the job. The success of the process starts with the proper outline of the functions and duties of a purchasing manager. Identifying the role that this function performs is vital to recruitment. There are various hard skills required to do this job optimally. However, one often overlooked feature, is the soft skills needed to be able to manage people as well as operations effectively.
The steps involved in securing a position like this start with the right education. Procurement managers are required to hold a bachelor’s degree in the chosen field as well as several years of industry experience. Despite declining employment, this position is projected to grow with 45,800 new job openings each year.
Duties of a procurement manager
Procurement managers have several duties and roles to fulfill in this job:
Procurement managers are required to conduct research on services and products that meet the needs of the organization. The manager must compare these elements to source the best services and products at the best possible price with a focus on price as well as quality.
When it comes to signing contracts with prospective suppliers, the procurement manager is expected to have sound negotiating skills. This skill is acquired through years of industry experience. The procurement manager engages in negotiations with the suppliers to secure the best possible pricing structure and terms for products and services. Once the terms of the contract have been agreed upon, the procurement manager will settle the contract.
Inventory control is key to the optimal functioning of a business. A procurement manager will oversee the purchasing of the right supplies at the right time and make sure that supplies do not run out. As this may be very costly for the business. A company can easily lose clients if the inventory levels are not up to date. As this will slow down operations and damage the reputation of the company.
The procurement manager forecasts the pricing of goods and/or services and secures the best possible price. In addition, the procurement manager will determine the prices of goods and/or services, leaving the company to make sure that these align with the industry. The profitability of the company will depend on sound cost analysis.
Projecting future needs
The procurement manager will liaise with other departments on the current and future needs of the business, making sure that these needs are met and the process is seamless.