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In Purchase Management Introduction Eligibility Job Prospects Remuneration Institutes
Introduction
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A Purchasing Manager is an employee within a company, business or other organization who is responsible at some level for buying or approving the acquisition of goods and services needed by the company. The position responsibilities may be the same as that of a buyer or purchasing agent, or may include wider supervisory or managerial responsibilities. A Purchasing Manager may oversee the acquisition of materials needed for production, general supplies for offices and facilities, equipment, or construction contracts. A Purchasing Manager often supervises purchasing agents and buyers, but in small companies the Purchasing Manager may also be the purchasing agent or buyer.
Eligibility
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The minimum educational requirement varies depending on the size of the firm. However most preferred qualification is bachelor degree in Business Management or administration. For advanced positions masters degree (MBA) is required.
Job Prospects
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Purchase managers nature of work varies based on the organisation. A key component of a purchasing managers job is finding and evaluating vendors and suppliers. A Purchasing Manager often supervises purchasing agents and buyers, but in small companies the Purchasing Manager may also be the purchasing agent or buyer. They take responsibility for the buying or approving of acquisition of goods and services required by the company. This job can also be referred to as Procurement Management.
Remuneration
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A Purchasing Manager earns an average salary of Rs 834,511 per year.
Institutes
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• Indian Institute of Materials Management (IIMM), Chennai • Indian Institute of Material Management, Mumbai • T. John Institute of Management and Science, Bangalore.