What does a Purchasing Manager do?
|Citation||Retrieved in 2017 from BLS.org|
Purchasing managers oversee the work of buyers and purchasing agents. They plan, direct, and coordinate the buying obtainment of products, services, and materials for retailer organizations and wholesalers. They also handle complicated purchases and negotiations.
They are also responsible for the supervision of purchasing and buyer agents.as well to ensure the best procurements, products, and services are provided. This includes setting processes in on how often their department will get price quotes for items, how many bids to accept, and which vendors to consider.
How to Become a Purchasing Manager
Purchasing managers typically require a bachelor’s degree in business science, logistics, electrical or mechanical engineering, or business. Some employers desire candidates seeking advancement to top-level purchasing manager jobs to hold a master’s degree. Work experience of at least 5 years is usually expected as a purchasing agent or buyer before one can advance to purchasing manager.
In addition, some employers require certification, while others do not. The certification involves written or oral exams and have requirements for education and work experience. Certification vary and can be obtained through a variety of organizations. Some examples include the Institute for Supply Management, American Production and Inventory Control Society (APICS), American Purchasing Society, or the Institute for Public procurement just to mention a few. All of the organizations have different requirements therefore we encourage you to research which one may be most beneficial for you.
Job Description of a Purchasing Manager
Purchasing managers coordinate the activities of buyers and purchasing agents in buying equipment, supplies, or materials for the organization they work for. They evaluate potential suppliers on the basis of quality, price, and speed of delivery. He or she has the job of interviewing vendors and visiting supplier’s plants and distribution centers to see what services, products, and prices they offer. In doing so they determine the best avenue and products for the organization or business they are representing.
Purchasing managers attend meetings, conferences, and trade shows to remain current with industry trends and make contacts with suppliers. They analyze financial reports, price proposals, and other information in order to make the best price decisions. He or she may also negotiate contracts, delivery of products, and ensure suppliers and vendors are in compliance with the terms and conditions of the contract.
Purchasing Managers work full time and primarily in offices. On occasion travel and overtime is required especially for those working for global and national markets. According to the Bureau of Labor Statistics the majority of purchasing managers work for manufacturing companies followed by enterprises and whole sales organizations.