Procurement manager
Controller Job Description
A procurement manager is a person who sources products and services for a company. Procurement Manager responsibilities include strategizing to find cost-effective deals and suppliers. The Procurement Manager’s duty is to discover the best ways to cut procurement expenses, so that the company can invest in growth and people. In larger companies, a procurement manager may oversee a small team of buyers. In smaller companies, the procurement manager job description will likely include both strategy and purchasing.
As a procurement manager, developing strong interpersonal skills will not only make you more successful in both your professional and personal live, it will also enable you communicate effectively to your team and other stakeholders in the procurement process. As a buyer, you need to interact with suppliers for various deals. The success or failure of the deal depends on how effectively you are able to negotiate with your suppliers. Negotiation is a process in which you and your supplier with conflicting requirements reach an agreement of mutual interest. as a project procurement manager, being result focused will enable you to see the end in your mind. And seeing the end in mind will also enable you become much more focused on the actions that will yield the desired outcome – a successful procurement. Having financial acuity will help you understand and negotiate for the right cost that meets the forecasted budget. Developing cost management skills enables you to evaluate, optimize, and control all aspects of cost of the procurement project. Developing contract management skills will enable you to carry out effective project procurement contract that ensures better supplier and vendor relationship but also, effectively, enforces compliance and mitigates risk. Having strategic sourcing skill enables you analyze high-volume purchases and develop long-term partnerships with a selected group of suppliers that are capable of providing quality products and services at low costs. Developing category management skill will enable you ensure that the proper sourcing strategies are used to identify the suppliers that offer the highest value. Developing project management skill is mandatory. because it enables you to apply the knowledge, skills and techniques to execute projects effectively and efficiently. Technological skills as a project procurement manager enables you to manage, monitor and maintain project procurement tasks using technological devices and procurement software-as-a-service. Analytical skills help you to make the most well-informed and correct decisions by gathering information, articulating and solving complex problems that may hinder a successful procurement. Presentation skills will allow you to influence and allow you and your team to get buy-in and navigate inter-departmental collaboration that brings about a successful procurement projects.
Because procurement managers come from various backgrounds, they hold bachelor’s degrees in different disciplines. These could include procurement management, supply chain management, business, economics and logistics. Some candidates also earn a Master’s Degree in Procurement Management.
Typical duties of a Controller
- Researching suppliers and vendors that meet the goals of the company
- Finding suppliers that have certain certifications, accreditation, and insurance, along with a steady stream of materials that fit within budget restraints
- Managing inventory
- Reviewing requests for proposals (RFPs)
- Reviewing and negotiating contracts with vendors and suppliers
- Seeing that partners continue to meet company needs
- Collecting and analyzing data to ensure the company is making the best decisions
- Balancing department budgets with needs
- Delegating tasks to the procurement team (at a larger company)
- Training new employees and supporting team members as necessary (at a larger company)
Skills: - Strong research skills
- Analytical skills
- The ability to negotiate contracts
- Forecasting needs and supplies
- Proficiency in inventory and RFP management software
Qualifications: business studies/business management; business purchasing and supply; economics; engineering; marketing; operations management; purchasing and logistics; retail management; supply chain management.