Purchasing managers are involved in all aspects of the company’s business, from development to finding costs savings to corporate strategy to production. A successful purchasing manager must be able to review proposals for new projects in a timely manner, and they must maintain frequent interaction with marketing teams to discuss sales proposals and marketing strategies. They also must be skilled at finding cost savings.
Purchasing managers handle contract negotiation, maintain level of rapport with vendors and clientele, and supervise purchasing agents. They strive to seek out the best possible vendors with the most reasonable price for the value sought.
Individuals in these positions must be able to multitask while paying great attention to detail. They must have a solid understanding of math, as well as excellent analytical skills. A successful purchasing manager exudes confidence and is able to think quickly on his or her feet. He or she must be comfortable with enforcing the company’s policies and procedures, as well as have a good background in business and knowing how an organization functions internally.
Purchasing Manager Tasks
- Negotiate purchasing contracts and policies with respective suppliers.
- Analyze and implement purchasing processes and delivery systems.
- Manage and direct employees involved in the buying, selling or distributions aspects of a company.