Procurement Career Paths
Functional Profiles
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Project Purchaser
A project purchaser’s purpose is to manage purchases assigned to an area or project basis. They provide input on developing and implementing sourcing strategies on their assigned project or area.
Procurement Role Family:
Service Provider
Salary range:
$41,000-$97,000/year with an average of $66,567/year
Work experience:
2 years
Key Responsibilities
- Identify suppliers who can meet company requirements, consider factors such as pricing, and maintain communication with internal clients
- Collaborate closely with Sourcing experts
- Analyze system data on actual purchases to identify value opportunities, develop tactical plans to seize these opportunities, align with partner strategies, and apply local/regional supply agreements
Skills & Competencies
- Negotiation skill
- Relationship management
- Communication
- Project management
- Risk management
- Analytical skills
- Financial acumen
- Finance
- Time management
- Vendor management
- Forecasting
- Leadership
- Data analysis
- Contract management
- Global Marketing
- Innovation
- Decision-making
- Supply chain management
- Change management
- Strategic
- Detail-oriented
- Technology
More details & resources
Job Description Template
Job Title: Project Purchaser
Location: [Insert location]
Reports to: [Insert name and title of supervisor]
A project purchaser is responsible for on-time purchase orders and materials delivery for a specific area or project. They work closely with the supply chain coordinator and the project team.
Key Responsibilities:
- Identifies suppliers that meet company requirements and maintains regular communication with internal clients.
- Collaborate with sourcing professionals for the development and implementation of the assigned project.
- Look for value opportunities and create plans to seize them.
- Negotiate for favorable contract terms and cost-effective decisions.
- Manage supplier relationships and maintain a positive relationship with said suppliers.
- Manage multiple purchasing projects with efficiency and timeliness.
- Identify and mitigate potential risks to procurement activities and processes.
- Interpret data to make informed purchasing decisions.
- Manage budget and analyze data to take cost-saving opportunities when possible.
- Have the communication skills to convey information effectively to internal stakeholders and external suppliers.
KPIs for this role
- Cost Savings: Measures cost savings achieved.
- Supplier Performance: Evaluate supplier performance based on delivery times, quality of goods/services, and compliance with contracts.
- Procurement Cycle Time: Measure the time taken to complete the procurement process from start to end.
- Contract Compliance: Monitor contract compliance by all involved parties.
- Spend Under Management: The percentage of total spend actively managed by the project.
- Supplier Diversity: The diversity of suppliers in a contract with the company.
- Procurement ROI: The return on investment for the project activities.
- Risk Management: Effectiveness of risk management strategies used.
Key Skills and Qualifications:
- Bachelor’s degree in Business Administration, Supply Chain Management, Finance, or a related field.
- Minimum of 2 years of experience in procurement or a related field.
- Advantageous to have professional certifications like Certified Professional in Supply Management (CPSM) or similar.
- Ability to negotiate favorable terms and contracts with suppliers.
- Strong interpersonal skills to manage relationships with other staff and suppliers.
- Excellent written and verbal communication skills,
- Proficiency in project management principles.
- Identification and mitigation of potential risks.
Detailed Responsibilities & Tasks
- Identifies suppliers that meet company requirements and maintains regular communication with internal clients.
- Collaborate with sourcing professionals for the development and implementation of the assigned project.
- Look for value opportunities and create plans to seize them.
- Negotiate for favorable contract terms and cost-effective decisions.
- Manage supplier relationships and maintain a positive relationship with said suppliers.
- Manage multiple purchasing projects with efficiency and timeliness.
- Identify and mitigate potential risks to procurement activities and processes.
- Interpret data to make informed purchasing decisions.
- Manage budget and analyze data to take cost-saving opportunities when possible.
- Have the communication skills to convey information effectively to internal stakeholders and external suppliers.
Detailed Skills Description
- Negotiation Skills: Ability to negotiate terms and conditions with suppliers to secure favorable agreements.
- Relationship Management: Skill in building and maintaining relationships with stakeholders and suppliers.
- Communication Skills: Strong verbal and written communication skills to involved parties.
- Project Management: Has excellent project management and is effective in all project management processes.
- Risk Management: Can identify risks and prevent or minimize them.
- Analytical Skills: Data analysis to make informed purchasing decisions.
- Financial Acumen: Effective in budget management and being able to take cost-saving opportunities.
- Time Management: Skill in task prioritization, time management, and meeting deadlines with efficiency.
- Vendor Management: Ability to manage relationships with vendors, including selecting, evaluating, and negotiating with suppliers to ensure quality, cost-effective goods and services.
- Forecasting: The forecasting of procurement needs based on available data.
KPIs for this role
- Cost Savings: Measures cost savings achieved.
- Supplier Performance: Evaluate supplier performance based on delivery times, quality of goods/services, and compliance with contracts.
- Procurement Cycle Time: Measure the time taken to complete the procurement process from start to end.
- Contract Compliance: Monitor contract compliance by all involved parties.
- Spend Under Management: The percentage of total spend actively managed by the project.
- Supplier Diversity: The diversity of suppliers in a contract with the company.
- Procurement ROI: The return on investment for the project activities.
- Risk Management: Effectiveness of risk management strategies used.
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