Procurement Career Paths

Job Title: Junior Buyer

Location: [Insert location]

Reports to: [Insert name and title of supervisor]

A junior buyer mainly works on a company’s purchasing decisions and processes. They are in charge of product acquisition by assessing market trends, negotiating prices, and keeping track of inventory levels.

Key Responsibilities: 

• Helps senior buyers in sourcing products and services.
• Researching for suppliers and helping to identify the best options.
• Helping to negotiate terms and prices with suppliers.
• Creating and processing purchase orders.
• Monitoring inventory and tracking orders to ensure on-time delivery.
• Working together with other departments like sales, marketing, and finance.
• Helping to develop procurement strategies.
• Maintains accurate and up-to-date records of purchases and pricing.
• Supports the procurement team in day-to-day activities and other projects.

KPIs for this role

• Purchase Order Cycle Time: The average time for the purchase order process.
• Supplier Relationship Management: The maintenance and management of good supplier relations from deals struck and supplier interactions.
• Cost of Purchase Order: Tracking purchase order costs and identifying possible cost reductions and possible process improvements.
• Purchases in Time and Budget: Purchases made within budget and on time as per the compliance of procurement goals.
• Purchase Order Accuracy: Measuring purchase orders with errors to gauge accuracy.
• Emergency Purchase Ratio: Monitor emergency purchases and how often they happen.
• Cost Avoidance: Initiatives like looking for better suppliers, and equipment, or improving certain processes to cut costs without degrading in quality.
• Cost Reduction: Savings achieved by price negotiations, discounts, and other cost-saving measures.
• Procurement ROI: Overall profitability and performance of procurement investments.

Key Skills and Qualifications: 

• Bachelor’s Degree in Supply Chain Management or a related field.
• Has at least 2 years of experience in the field.
• Has strong negotiation skills.
• Has good written and verbal communication skills.
• Can build and manage relationships effectively.
• Advantageous to have in-depth knowledge of the industry.
• Competent in Microsoft Office software, particularly Excel.
• Have a good knowledge of Math and English.

• Helps senior buyers in sourcing products and services.
• Researching for suppliers and helping to identify the best options.
• Helping to negotiate terms and prices with suppliers.
• Creating and processing purchase orders.
• Monitoring inventory and tracking orders to ensure on-time delivery.
• Working together with other departments like sales, marketing, and finance.
• Helping to develop procurement strategies.
• Maintains accurate and up-to-date records of purchases and pricing.
• Supports the procurement team in day-to-day activities and other projects.

• Purchase Orders: Managing and tracking orders.
• Supplier Performance: Evaluation of suppliers based on quality, delivery, and improvement relationship cost to manage supplier performance.
• Logistics: Keeping track of goods and making sure they arrive on time and that they get there as efficiently as possible.
• Procurement Process: Following the methods most efficient to acquire goods and services efficiently.
• Cost Reduction: Reducing cost without sacrificing quality by using effective strategies.
• Inventory Management: Makes sure that inventory is adequate at all times and is replenished whenever needed.
• Strong Negotiation: Effectively reaching agreements with suppliers to secure the best prices and terms.
• On-Time Delivery: Uses processes to ensure that deliveries arrive when they need to.
• Price Analysis: Evaluation of product and service prices to determine fairness.

• Purchase Order Cycle Time: The average time for the purchase order process.
• Supplier Relationship Management: The maintenance and management of good supplier relations from deals struck and supplier interactions.
• Cost of Purchase Order: Tracking purchase order costs and identifying possible cost reductions and possible process improvements.
• Purchases in Time and Budget: Purchases made within budget and on time as per the compliance of procurement goals.
• Purchase Order Accuracy: Measuring purchase orders with errors to gauge accuracy.
• Emergency Purchase Ratio: Monitor emergency purchases and how often they happen.
• Cost Avoidance: Initiatives like looking for better suppliers, and equipment, or improving certain processes to cut costs without degrading in quality.
• Cost Reduction: Savings achieved by price negotiations, discounts, and other cost-saving measures.
• Procurement ROI: Overall profitability and performance of procurement investments.