Purchasing Manager
What's it like to be a Purchasing Manager?
The role of a Purchasing Manager is to manage an organisation's procurement process and ensure that the company acquires the required goods and services at the most favourable price. They oversee the purchase of materials, supplies, and equipment and negotiate contracts with vendors. Purchasing Managers evaluate the performance of suppliers, maintain inventory, and lead the purchasing team. Additionally, they collaborate with other departments, including finance and operations, to guarantee that purchases align with the company's objectives and goals.
Tasks and duties
- Developing and implementing purchasing strategies and policies.
- Researching and selecting suppliers/vendors.
- Negotiating contracts and pricing with suppliers/vendors.
- Monitoring stock levels and ordering new supplies when necessary.
- Managing and tracking purchase orders and invoices.
- Ensuring timely delivery of goods and services.
- Resolving any issues or disputes with suppliers/vendors.
- Analysing data and making recommendations for cost savings and process improvements.
- Collaborating with other departments to ensure procurement needs are met.
- Staying informed about the latest trends and best practices in the industry.
- Managing and developing purchasing team members.
How to become a Purchasing Manager
To work as a Purchasing Manager you’ll need a bachelor degree in a relevant field such as business administration or logistics and supply chain management.
Complete a degree in business administration, logistics and supply chain management, or a related field.
Gain experience in an entry-level position, such as a Buyer, to understand procurement law and the best supply chain management practices.
Consider additional certifications such as Certified Supply Chain Analyst (CSCA) or Certified Supply Chain Manager (CSCM) from reputable, recognised providers in Malaysia.
Further your qualifications by pursuing relevant higher education, such as a master's degree in business administration.
Achieve career growth by advancing to higher positions such as Director of Strategic Sourcing or Global Supply Chain Manager.
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