Purchasing Manager
Procure goods, services and materials for retailers, wholesalers, resale, or company use.
Job opportunities
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Jobs in Jobstreet right nowJob growth
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In the last yearSalary
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Typical monthly salaryJob satisfaction
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Job opportunities
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Jobs in Jobstreet right nowSalary
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Typical monthly salaryJob growth
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In the last yearJob satisfaction
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On this page
- What's it like to be a Purchasing Manager?
- How to become a Purchasing Manager
- Latest Purchasing Manager jobs
- Top skills and experience for Purchasing Managers
- Purchasing Manager role reviews
What's it like to be a Purchasing Manager?
Purchasing Managers are responsible for planning, directing, and enforcing purchasing strategies. They are also accountable for sourcing equipment, goods and services, and managing vendors. Purchasing Managers need analytical skills to predict price and market trends, as well as skills in negotiating and networking. They oversee the business activities of buyers and purchasing agents in the buying of equipment, supplies, or materials their organization needs.
Tasks and duties
- Developing and implementing purchasing strategies.
- Managing daily purchasing activities, supervising staff, and allocating tasks.
- Overseeing supplier relations and negotiating contracts, prices, and timelines.
- Maintaining the supplier database, purchase records, and related documentation.
- Coordinating with inventory control to determine and manage inventory needs.
- Supervising the maintenance of office/manufacturing equipment and machinery.
- Ensuring that all procured items meet the required quality standards and specifications.
- Preparing cost estimates and regulating budgets.
- Working to improve purchasing systems and processes.
- Training new employees in the purchasing process and how to use the purchasing system.
How to become a Purchasing Manager
Companies usually consider applicants who have completed at least a bachelor degree for the role of Purchasing Manager. It is expected that candidates for this job have knowledge of economics, mathematics, and logistics.
- Obtain a bachelor degree in business, economics, engineering, or logistics. You can pursue a Bachelor of Arts in Economics, Bachelor of Science in Business Administration, or a Major in Logistics and Supply Chain Management, or another related field.
- As part of your degree, complete On-the-Job Training or an internship that will expose you to actual work settings. You have to complete the number of hours required before you complete the program.
- Earn a certification to further your career. The Philippines has two organizations providing certification in the fields of procurement, logistics, and supply chain management as a whole. They are the Procurement and Supply Institute of Asia (PASIA) and the Philippine Institute of Supply Management (PISM).
- Obtain a masters degree. Although it is not compulsory, completing a masters degree will help you demonstrate advanced knowledge in the field. It may also help you gain a promotion.
Compare your salary
Find out how your salary compares with the average salary for Purchasing Managers.Latest Purchasing Manager jobs on Jobstreet
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Skills and experience employers are looking for
Having the right skills and experience can make you an in-demand applicant. Purchasing Manager employers on Jobstreet are looking for job seekers with expertise in the following areas. Supplier Relationships
Supply Chain Management
Negotiation
Purchase Orders
Requirement Documentation
Business Administration
Stock Control
Supply Chain
Forecasting
Budget Management
Supplier Performance
Benchmarking
Scenario Analysis
Vendor Management
Staff Supervision
Cost Estimation
Critical Thinking
Communication Skills
Supplier Management
Training Facilitation
Source: Jobstreet job ads and Jobstreet Profile data
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Latest Purchasing Manager reviews
Jun 2023
Challenging
Experience1 – 4 years
Organisation sizeLarge (200+ employees)
SpecialisationRetail & Consumer Products
The good thingsNegotiations with different suppliers locally and abroad. And was able to benchmark all our sku's and forecast volume of raw materials and cost analysis.
The challengesStressful if you don't plan ahead efficiently.
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Source: Jobstreet role reviews
Jobstreet has not verified the truth or accuracy of these comments and does not adopt or endorse any of the comments posted on this page.Jobstreet collects and posts the comments for what they are worth and for information purposes only to assist candidates to find employment through ph.jobstreet.com
