Procurement Career Paths

Job Title: Category Acquisition Manager

Location: [Insert location]

Reports to: [Insert name and title of supervisor]

A category acquisition manager is responsible for certain company purchases. They oversee and facilitate the acquisition of goods, services, and more, especially within a specific category.

Key Responsibilities: 

• Ensure proper and thorough analysis of potential acquisitions.
• Evaluate if the acquisition fits a company’s standards and objectives.
• Asses potential acquisition risks and find ways to avoid or minimize them.
• Ensure that acquisitions align with the organization’s long-term goals and strategies.
• Ensure that all acquisitions align with the company’s long-term growth strategy.
• Forecast acquisition impacts the organization’s finances.
• Analyze financial statements, market trends, and other relevant data to assess return on investment.
• Create, develop, and implement financial models that assess the cost and benefit of each acquisition.
• Provide strategy recommendations to senior management based on data collected and analyzed.
• Create and implement acquisition strategies that align with company standards and objectives.

KPIs for this role

• Acquisition Cost: The total cost of acquisitions.
• Time to Hire: Time taken to hire candidates.
• Candidate Quality: Evaluate candidate quality and ability to better the company through job efficiency.
• Employee Retention: The retention rate of hired employees.
• Cost Savings: Cost savings that are achieved through acquisitions.
• Acquisition Efficiency: Efficiency and effectivity of the acquisition process.
• Stakeholder Satisfaction: The stakeholder satisfaction with the acquisitions.
• Recruitment ROI: Calculate the return on investment for acquisition processes and procedures.
• Compliance: Ensure compliance with legal and company requirements.

Key Skills and Qualifications: 

• Minimum of 5-8 years in a related field.
• Bachelor’s Degree in a related field.
• Professional certifications such as Certified Inventory Optimisation Professional (CIOP), Advanced Diploma in Procurement and Supply (Level-5), Certified Supply Chain Professional (CSCP) is advantageous.
• Working knowledge and understanding of procurement systems and processes.
• Proven expertise in talent acquisition and sourcing.
• Excellent analytical and financial skills.
• Exceptional verbal and written communication and negotiation skills.
• Strong leadership abilities and the ability to efficiently and effectively manage a team.

• Ensure proper and thorough analysis of potential acquisitions.
• Evaluate if the acquisition fits a company’s standards and objectives.
• Asses potential acquisition risks and find ways to avoid or minimize them.
• Ensure that acquisitions align with the organization’s long-term goals and strategies.
• Ensure that all acquisitions align with the company’s long-term growth strategy.
• Forecast acquisition impacts the organization’s finances.
• Analyze financial statements, market trends, and other relevant data to assess return on investment.
• Create, develop, and implement financial models that assess the cost and benefit of each acquisition.
• Provide strategy recommendations to senior management based on data collected and analyzed.
• Create and implement acquisition strategies that align with company standards and objectives.

• Team Management: Can effectively and efficiently manage a team, provide training, and evaluate team performance.
• Tracking and Analysis: Ability to track and analyze acquisition metrics and monitor acquisition performance.
• Employer Branding: Devising and implementing online and offline company branding to enhance the company’s reputation as an employer of choice.
• Budget Management: Ability to handle budgets efficiently and ensure cost-effective strategies in budget usage.
• Compliance: Knowledge of legal and company requirements to ensure each acquisition complies with said requirements.
• Customer and Partner Satisfaction: Satisfaction of both partners and customers in acquisition strategies and implementations.
• Process Improvement: Improvement of acquisition processes.

• Acquisition Cost: The total cost of acquisitions.
• Time to Hire: Time taken to hire candidates.
• Candidate Quality: Evaluate candidate quality and ability to better the company through job efficiency.
• Employee Retention: The retention rate of hired employees.
• Cost Savings: Cost savings that are achieved through acquisitions.
• Acquisition Efficiency: Efficiency and effectivity of the acquisition process.
• Stakeholder Satisfaction: The stakeholder satisfaction with the acquisitions.
• Recruitment ROI: Calculate the return on investment for acquisition processes and procedures.
• Compliance: Ensure compliance with legal and company requirements.