A procurement manager is essentially a manager by nature. The term procure means 'to acquire'. Following the meaning, his job includes acquiring and managing the raw materials that are required to make the finished product. The task may seem a simple one from the meaning, however, it is definitely the one which requires skill and strategy to manage resource.
Requisites to Become a Procurement Manager?
His work also includes taking a stock of the available inventory, keeping its record, recording usage of acquired materials, checking their quality, availability, after sales services provided by the vendors and the feasibility of getting this material.
The job description of such managers differs according to the nature of their job. For instance, the nature of work will change depending on type of business. A wholesale business will look for a manager who can handle larger quantities, as opposed to one in the retail business.
Education and Training
A procurement manager must have a bachelor's degree in commerce or business administration. This helps the candidates perform better, as they get an academic insight into the nature of the job. Additionally, a master's in finance, administration, production or operations opens up opportunities of landing on a high paying job that gives you a lot of exposure.
However, although you will get a job that challenges your managerial skills, you must undergo a training period for honing them. Academics give you an early insight, but training gives you the real hands on experience.
Training period will teach you the intricacies of purchasing commodities, price hikes and lows, kind of suppliers, changing market conditions and skills required to maintain a smooth work flow. You will also learn basics like checking invoices, materials received and used, keeping a record of trade and cash discount and constantly maintaining trade stock.
The important skills required by such a manager is that of a leader and team player. As he has to work with the production team, he must be in tandem with their plans. He must consult the team, listen to their suggestions and be open to discussions with them to make his task more effective.