{"id":260507,"date":"2024-03-07T07:12:45","date_gmt":"2024-03-07T07:12:45","guid":{"rendered":"https:\/\/imarticus.org\/blog\/?p=260507"},"modified":"2024-03-07T09:10:50","modified_gmt":"2024-03-07T09:10:50","slug":"how-to-become-a-procurement-manager-roles-certifications-and-future","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/how-to-become-a-procurement-manager-roles-certifications-and-future\/","title":{"rendered":"How to Become a Procurement Manager: Roles, Certifications and Future"},"content":{"rendered":"

Procurement managers are a crucial part of any organisation. To put it broadly, the responsibility of a procurement manager is to build and maintain supplier relations and oversee transactions when it comes to company purchases.<\/span><\/p>\n

The role of a procurement manager or purchasing manager demands strong negotiation and analytical skills. It involves devising effective procurement strategies and policies, assessing supplier performance, negotiating contracts with these providers, and dealing with quality issues that arise as a result.<\/span><\/p>\n

The best way to build a career as a procurement manager is to take a <\/span>procurement management course <\/span>that pushes aspirants in the right direction with expert guidance and a charted-out syllabus with relevant coursework.<\/span><\/p>\n

Who is a Procurement Manager?<\/span><\/h2>\n

A procurement manager is a professional who oversees the \u201cprocurement\u201d or purchasing of equipment on the company\u2019s behalf. They are in charge of navigating and drawing contracts with the network of stakeholders, suppliers, manufacturers, and vendors.\u00a0<\/span><\/p>\n

Being a procurement manager in an organisation is a position of utmost responsibility. They have to purchase the best quality goods and services at the most competitive prices. Their duty is to enable a company to operate successfully.\u00a0<\/span><\/p>\n

Roles and Responsibilities of a Procurement Manager<\/span><\/h2>\n

The responsibilities of a procurement manager involve contacting the manufacturer or supplier, managing vendor relations and drawing contracts. Here are some crucial roles and responsibilities of a procurement manager:-<\/span><\/p>\n

Supplier and cost evaluation<\/span><\/h3>\n

A procurement manager should always conduct thorough supplier research and interviews before signing a contract. They are also responsible for amassing all the information about current market trends regarding the pricing of the products the company is about to purchase. Based on the conclusion of these reports, they finalise a deal with the most reliable supplier and cost-effective service.<\/span><\/p>\n

Field research<\/span><\/h3>\n

A procurement manager is also in charge of continued field research. They must stay in contact with the vendors and stakeholders and build long-term relationships to keep abreast of all market trends. They must also attend product promotions, meetings, trade shows, and conferences.<\/span><\/p>\n

Finalising contracts<\/span><\/h3>\n

Procurement managers also have to assist the legal and financial teams while drawing up the final contract. They must provide all necessary documentation and information to carry out the deal smoothly. They also have to submit a brief or a report of their findings and the whole decision-making process to the company to justify their choice of supplier or deal.<\/span><\/p>\n

Managing technical systems<\/span><\/h3>\n

A procurement manager is responsible for tracking and monitoring product shipments, deliveries, and inventory stocking. To do this, they must be technologically sound and master the use of the systems involved in the process. They must also be in constant communication with the team, from delivery executives to the inventory staff.<\/span><\/p>\n

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How Do I Become a Procurement Manager?<\/span><\/h2>\n

To become a procurement manager, one must fulfill the following criteria<\/span><\/p>\n