Procurement / Sourcing Manager
Quick Facts
Median Salary$134,356
Most Common EducationBachelor's degree
Projected 10-Year Growth+10.38%
Assessment MatchTake the Assessment
What They Do
A Procurement or Sourcing Manager manages the procurement of supplies for a company or organization. Develops policies and schedules for regular procurements. Trains and supervises staff, develops relationships with suppliers, researches and inspects supplies, and negotiates supply and shipping prices.
Core Tasks:
- Develop and implement purchasing and contract management instructions, policies, and procedures.
- Locate vendors of materials, equipment or supplies, and interview them to determine product availability and terms of sales.
- Prepare bid awards requiring board approval.
- Review purchase order claims and contracts for conformance to company policy.
- Review, evaluate, and approve specifications for issuing and awarding bids.
- Direct and coordinate activities of personnel engaged in buying, selling, and distributing materials, equipment, machinery, and supplies.
- Interview and hire staff, and oversee staff training.
- Administer online purchasing systems.
- Develop cost reduction strategies and savings plans.
- Prepare and process requisitions and purchase orders for supplies and equipment.
- Control purchasing department budgets.
- Resolve vendor or contractor grievances and claims against suppliers.
- Analyze market and delivery systems to assess present and future material availability.
- Participate in the development of specifications for equipment, products, or substitute materials.
- Represent companies in negotiating contracts and formulating policies with suppliers.
- Maintain records of goods ordered and received.
- Prepare reports regarding market conditions and merchandise costs.
- Arrange for disposal of surplus materials.
What to expect as a Procurement / Sourcing Manager
1Earn a Bachelor's degree
82% of people achieve this level of education.
2Gain skills and experience
See Procurement / Sourcing Manager related courses on Tallo
3Land a job
5220 openings for Procurement / Sourcing Managers
Career Progression
in United States (Nation)
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