PROCUREMENT INCHARGE OR BUYER'S JOB BY PRATEEK KUMAR

1. PROCUREMENT INCHARGE
OR BUYER'S JOB
PRATEEK KUMAR

2. PROCUREMENT BUYER JOB DESCRIPTION
 A Procurement Buyer is responsible for identifying and procuring the goods and
services that an organization requires. They identify external material needs of
the organization, find services providers who can supply these goods, negotiate
for prices and arrange for the purchase and delivery of the goods.
 The job market for Procurement Buyers is fairly steady. The Bureau of Labor
Statistics predicts a 2 percent growth in jobs by 2024 for all Buyers and
Purchasing Agents, including Procurement Buyers.
PRATEEK KUMAR

3. Procurement Buyer Duties and Responsibilities
 To accomplish their primary goal of arranging the purchase of goods that an
organization requires, Procurement Buyers perform many tasks. We analyzed
several job listings to identify these core Procurement Buyer duties and
responsibilities.
PRATEEK KUMAR

4. Identify Purchasing Needs
 Procurement Buyers determine the purchasing needs of the organization. They
work with other parts of the organization to forecast demand and evaluate
inventory levels, and take orders from within the organization.
PRATEEK KUMAR

5. Negotiate with Suppliers
 Procurement Buyers negotiate directly with vendors to get the best possible
pricing and payment options. They bid, award, and administer project supply,
services, and construction subcontracts and purchase orders to suppliers. They
also do cost management to identify areas of potential cost reduction and
analyze the impact of pricing changes for goods and services
PRATEEK KUMAR

6. Inventory Management
 Procurement Buyers are responsible for the management of the inventory. They
assist in the receipt of purchased materials and services, and keep detailed
records of purchases and stocks. They carefully monitor deliveries and any past
due shipments.
PRATEEK KUMAR

7. Supplier Management
 Procurement Buyers build relationships with suppliers and manage their
performance. They conduct routine supplier business reviews, evaluating
supplier performance and compliance.
PRATEEK KUMAR

8. Procurement Buyer Skills
 Self-directed and detail oriented, successful Procurement Buyers have an
inquisitive nature and the desire to solve problems with analytical thinking. They
have good organizational skills and experience with working as part of a team.
In addition to these general skills and personality traits, employers are seeking
Procurement Buyer candidates with the following skills.
PRATEEK KUMAR

9. Core skills:
Based on job listings we looked at, employers want Procurement Buyers with these
core skills. If you want to work as a Procurement Buyer, focus on the following.
 Deep understanding and professional experience with Purchasing Contracts
 Strong verbal and written communication skills
 Advanced skills with Microsoft Office, especially Excel
 Excellent negotiation, customer service and consulting skills
  Strong market knowledge and experience in working across
various functions, businesses and regions
  In-depth knowledge of Oracle R12 EBS platforms and services
PRATEEK KUMAR

10. Advanced skills:
While most employers did not require the following skills, multiple job listings
included them as preferred. Add these to your Procurement Buyer toolbox and
broaden your career options.
  VMS system experience
  Bee Line knowledge
  CPM or CPIM qualifications
PRATEEK KUMAR

11. THANK YOU....
PRATEEK KUMAR