What is a Purchasing Manager doing? Job description and responsibilities

What does a Purchasing Manager do?

The Purchasing Manager is responsible for analyzing market trends, negotiating contracts and managing supplier relationships in order to ensure timely delivery of quality materials and services. This position will report to the Chief Operating Officer and is expected to manage the procurement process from start to finish. The Purchasing Manager will be responsible for driving cost savings while maintaining quality standards.

Responsibilities of Purchasing Manager

• Develop and maintain supplier relationships to ensure the company obtains the best pricing and quality of goods.
• Negotiate prices, terms of sales, and delivery dates with suppliers.
• Source new suppliers and products to meet the changing needs of the company.
• Monitor supplier performance to ensure compliance to quality, cost, and delivery requirements.
• Monitor inventory levels and place orders as needed.
• Manage the purchasing team to ensure deadlines are met.
• Establish and maintain a system for tracking and reporting all purchasing activities.
• Analyze market and delivery trends to assist in forecasting.
• Develop and implement purchasing policies and procedures.
• Research and resolve invoice discrepancies.