Job Description

Procurement Manager Job Description

If you’re looking for a procurement manager job, view open positions and apply today.

What is a procurement manager?

A procurement manager is a person who sources products and services for a company. They create a buying strategy that takes into account the company budget and necessary supplies and then they find matching vendors.

In larger companies, a procurement manager may oversee a small team of buyers. In smaller companies, the procurement manager job description will likely include both strategy and purchasing.

How is this role monitored?

A day in the life of a procurement manager includes meetings with superiors, like the chief financial officer (CFO) or the chief operating officer (COO). Generally, supervisors task procurement managers with finding suppliers that meet demands at the right price.

Procurement manager salary

The average salary for a procurement manager is $69,600, or an hourly wage of about $33.50. You can expect to work full time in this position with most jobs set at the traditional 40 hours per week. However, there may be a need for overtime at both smaller and larger companies, particularly if there’s a supply shortage or if the company experiences a busy season.

What does a procurement manager do?

Procurement manager responsibilities include meeting with supervisors and department heads to understand the needs across the company. They’re then tasked with:

  • Researching suppliers and vendors that meet the goals of the company
  • Finding suppliers that have certain certifications, accreditation, and insurance, along with a steady stream of materials that fit within budget restraints
  • Managing inventory
  • Reviewing requests for proposals (RFPs)
  • Reviewing and negotiating contracts with vendors and suppliers
  • Seeing that partners continue to meet company needs
  • Collecting and analyzing data to ensure the company is making the best decisions
  • Balancing department budgets with needs
  • Delegating tasks to the procurement team (at a larger company)
  • Training new employees and supporting team members as necessary (at a larger company)

Required skills

A procurement manager needs the following skill set:

  • Strong research skills
  • Analytical skills
  • The ability to negotiate contracts
  • Forecasting needs and supplies
  • Proficiency in inventory and RFP management software

Job qualifications

Qualifications for a procurement manager include:

  • A bachelor’s degree in business administration or a similar field
  • A minimum of 1-2 years of experience as a buyer

Top procurement manager interview questions

Whether you’re the interviewer or the interviewee, here are some common questions asked of prospective procurement managers:

  1. How do you research supplies and conduct a market analysis?
  2. How do you know it’s time to change to a new supplier?
  3. What’s the most important thing to evaluate when it comes to choosing a supplier?
  4. If a vendor delivers materials late, how will you handle it?
  5. What KPIs do you think a procurement manager should be measured by?
  6. Give me an example of when you had to cancel a contract. How did it go and what did you learn from the process?
  7. If there’s a supply shortage of a particular material, how will you handle the situation?
  8. Do you have experience overseeing a team? If so, tell me about it.
  9. How will you assess the work of those on your procurement team?

How to become a procurement manager

The knowledge and skills for procurement managers often include a four-year degree and a set of business-related and financial skills. Most procurement managers take an entry level position as a buyer’s assistant or junior buyer and then move up the ranks to procurement manager.

While many procurement manager job descriptions will include a degree, some won’t. Smaller companies may only require candidates to have two years of experience as a buyer in a particular field.

Similar Positions

Similar positions in this field include:

  • Purchasing manager
  • Buying manager
  • Director of procurement

Career Advancement

Career advancement differs based on the company size, but positions that procurement managers can aspire to include:

  • Operations director
  • Operations manager
  • Warehouse manager

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