Procurement Manager Duties & Responsibilities

The role and function of a Procurement Manager includes the following duties and responsibilities:

Developing procurement strategies that are inventive and cost-effective.
Sourcing and engaging reliable suppliers and vendors.
Negotiating with suppliers and vendors to secure advantageous terms.
Reviewing existing contracts with suppliers and vendors to ensure on-going feasibility.
Building and maintaining long-term relationships with vendors and suppliers.
Approving purchase orders and organizing and confirming delivery of goods and services.
Performing risk assessments on potential contracts and agreements.
Controlling the procurement budget and promoting a culture of long-term saving on procurement costs.
Overseeing and managing the IT systems that track shipments, inventory, and the supply of goods.
Preparing procurement reports.

Note that this is not an exhaustive list of Procurement Manager duties and responsibilities. Job functions for specific Procurement Manager roles may vary, depending on the industry and type of employer.

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