Purchasing Manager duties and responsibilities
A successful Purchasing Manager must have a detailed understanding of the company’s purchasing procedures. Some duties and responsibilities a strong candidate must be able to perform include:
- Control the purchasing of raw materials, contracts, and other goods and services
- Set and enforce a budget for the purchasing department
- Evaluate purchasing policies
- Develop and implement purchasing policies
- Hire and train purchasing department staff
- Maintain records of inventory to determine when new goods need to be ordered
- Oversee the negotiations of all purchases made by the purchasing department
- Negotiate on behalf of the organization and maintain good relationships with vendors
Purchasing Manager skills and qualifications
Purchasing Managers need to be organized and detail-oriented. Some additional skills and qualifications needed include:
- Excellent time management skills
- Exceptional leadership skills
- Strong communication skills
- Excellent negotiation skills
- Adaptability
- In-depth understanding of the market
- Ability to maintain and control a department-wide budget
- Excellent analytical and reporting skills
Purchasing Manager experience requirements
Ideal Purchasing Manager candidates will have prior experience in the same role or a similar Finance Management-related role. Candidates with three to five years experience in a lower-level position, such as a Purchasing Agent, should also be considered for the position if they have demonstrable leadership experience.
Purchasing Manager education and training requirements
An ideal Purchasing Manager candidate will have a university or college degree in business administration, commerce, economics, or a related discipline. Purchasing Manager candidates who work in specialized industries may need a related degree to ensure their expertise and knowledge. Candidates with a Supply Chain Management Professional (SCMP) qualification may also be at an advantage due to their additional training.
Purchasing Manager salary expectations
According to Indeed Salaries, the average salary for a Purchasing Manager in Canada is $71,522 per year. Salaries vary based on external factors such as geographical location, size and type of industry, and level of experience.
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