AM-Procurement Job Description Template
The Assistant Manager (AM) in Procurement will oversee the procurement operations ensuring efficient sourcing, vendor management, and supply chain optimization. This role requires strong analytical skills, ability to negotiate effectively, and experience in managing supplier relationships to achieve cost savings and operational efficiency.
Responsibilities
- Manage and optimize the procurement process.
- Source and evaluate potential suppliers.
- Negotiate contracts and terms with suppliers.
- Develop and maintain relationships with vendors.
- Monitor and analyze purchasing budgets and cost-saving initiatives.
- Ensure compliance with procurement policies and procedures.
- Coordinate with internal departments to forecast demand and manage inventory.
- Prepare procurement reports and dashboards for senior management.
Qualifications
- Bachelor's degree in Supply Chain Management, Business Administration, or related field.
- 3-5 years of experience in procurement or supply chain management.
- Strong negotiation and contract management skills.
- Excellent analytical and problem-solving abilities.
- Experience with ERP systems and procurement software.
- Good understanding of procurement regulations and compliance.
- Strong communication and interpersonal skills.
- Ability to work under pressure and meet tight deadlines.
Skills
- Vendor Management
- Contract Negotiation
- Supply Chain Optimization
- ERP Systems
- Analytical Skills
- Project Management
- Budget Management
- Procurement Software
- Regulatory Compliance
- Communication Skills
Frequently Asked Questions
An Assistant Manager in Procurement oversees purchasing activities in a company. They manage supplier relationships, negotiate contracts, and ensure cost-effective purchasing solutions. Their responsibilities include evaluating suppliers, negotiating terms, and driving cost-saving initiatives. The role demands a strategic mindset to forecast procurement needs and streamline processes.
To become an Assistant Manager in Procurement, a candidate typically needs a bachelor's degree in supply chain management, business, or a related field. Gaining experience in procurement or purchasing, developing strong negotiation skills, and understanding supply chain processes are crucial. Professional certifications like CPIM or CPSM can enhance prospects. Building a career path often involves starting in entry-level procurement roles and progressively taking on greater responsibilities.
The average salary for an Assistant Manager in Procurement varies based on experience, location, and industry. Generally, the role offers competitive compensation that reflects the individual's expertise in procurement practices and the size of the organization they work for. Salary often includes base pay and performance bonuses, with opportunities for advancement as procurement strategies improve and cost efficiencies are realized.
An Assistant Manager in Procurement usually needs a bachelor's degree related to supply chain management. Qualifications include strong negotiation skills, analytical abilities, and a deep understanding of procurement processes. Experience in handling supplier contracts, excellent communication, and knowledge of procurement software can significantly enhance a candidate's profile. Advanced degrees or certifications can also provide a competitive edge.
Key skills for an Assistant Manager in Procurement include negotiation, analytical thinking, and decision-making abilities. Responsibilities encompass managing vendor relationships, negotiating contracts, ensuring compliance with procurement policies, and optimizing cost and quality. Proficiency in procurement technologies and a strategic approach to supply chain management are essential to meet organizational goals and drive efficiencies.