Purchase Manager job description
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What does a Purchase Manager do?
The Purchase Manager is vital for optimizing supply chain processes by overseeing procurement activities and maintaining supplier relationships. This role enhances the company's operational efficiency and cost-effectiveness by ensuring timely acquisition of high-quality materials and services.
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What are the Key Responsibilities of Purchase Manager
- Develop and implement purchasing strategies aligned with business objectives.
- Negotiating with suppliers to secure advantageous terms.
- Establishing and managing relationships with vendors.
- Forecasting supply needs and managing inventory levels.
- Ensuring the quality of procured goods and services.
- Coordinating with internal teams for product specifications and requirements.
- Conducting market research to identify new suppliers and cost-saving opportunities.
What are the Skills and Requirements for a Purchase Manager?
- Strong negotiation and communication skills.
- Proficiency in procurement software such as SAP or Oracle.
- Analytical and problem-solving abilities.
- Capability to lead and manage supplier relations.
- Effective time management and organizational skills.
What are the KPIs to track for Purchase Manager?
The success of the Purchase Manager is assessed based on cost savings from procurement activities, efficiency in supplier negotiations, and timely supply of required materials while maintaining quality standards.
Cost Savings
Achieving targeted percentage savings on procurement costs.
Supplier Management
Maintaining a high approval rating of supplier performance.
Inventory Optimization
Minimizing stockouts and excess inventory.
Reports to
Supply Chain Director
Collaborates with
Logistics and Warehouse Teams
Leads
Purchasing Assistants
Are any specific tools or software required for the Purchase Manager role?
- SAP
- Oracle
- Ariba
- Microsoft Excel
What is the qualification of Purchase Manager?
Bachelor's degree in Supply Chain Management, Business Administration, or related field with 5+ years of relevant procurement experience.
