Purchasing Manager
Procure goods, services and materials for retailers, wholesalers, resale, or company use.
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Typical monthly salary
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Job opportunities
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Jobs in Jobstreet right now
Salary
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Typical monthly salary
Job growth
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In the last year
Job satisfaction
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What's it like to be a Purchasing Manager?
Purchasing Managers are responsible for planning, directing, and enforcing purchasing strategies. They are also accountable for sourcing equipment, goods and services, and managing vendors. Purchasing Managers need analytical skills to predict price and market trends, as well as skills in negotiating and networking. They oversee the business activities of buyers and purchasing agents in the buying of equipment, supplies, or materials their organization needs.
Tasks and duties
- Developing and implementing purchasing strategies.
- Managing daily purchasing activities, supervising staff, and allocating tasks.
- Overseeing supplier relations and negotiating contracts, prices, and timelines.
- Maintaining the supplier database, purchase records, and related documentation.
- Coordinating with inventory control to determine and manage inventory needs.
- Supervising the maintenance of office/manufacturing equipment and machinery.
- Ensuring that all procured items meet the required quality standards and specifications.
- Preparing cost estimates and regulating budgets.
- Working to improve purchasing systems and processes.
- Training new employees in the purchasing process and how to use the purchasing system.
How to become a Purchasing Manager
Companies usually consider applicants who have completed at least a bachelor degree for the role of Purchasing Manager. It is expected that candidates for this job have knowledge of economics, mathematics, and logistics.
- 1.Obtain a bachelor degree in business, economics, engineering, or logistics. You can pursue a Bachelor of Arts in Economics, Bachelor of Science in Business Administration, or a Major in Logistics and Supply Chain Management, or another related field.
- 2.As part of your degree, complete On-the-Job Training or an internship that will expose you to actual work settings. You have to complete the number of hours required before you complete the program.
- 3.Earn a certification to further your career. The Philippines has two organizations providing certification in the fields of procurement, logistics, and supply chain management as a whole. They are the Procurement and Supply Institute of Asia (PASIA) and the Philippine Institute of Supply Management (PISM).
- 4.Obtain a masters degree. Although it is not compulsory, completing a masters degree will help you demonstrate advanced knowledge in the field. It may also help you gain a promotion.
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Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Purchasing Manager employers on Jobstreet are looking for job seekers with expertise in the following areas.
Source: Jobstreet job ads and Jobstreet Profile data
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Latest Purchasing Manager reviews
4.0Jun 2023
Experience
1 – 4 years
Organisation size
Large (200+ employees)
The good things
Negotiations with different suppliers locally and abroad. And was able to benchmark all our sku's and forecast volume of raw materials and cost analysis.
The challenges
Stressful if you don't plan ahead efficiently.
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Source: Jobstreet role reviews
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