RASEDUL ISLAM’s Post

A procurement specialist plays a crucial role in managing the purchasing process for an organization. Their responsibilities typically include: 1. **Supplier Management**: Identifying, evaluating, and selecting suppliers. Building and maintaining relationships with suppliers to ensure reliable and cost-effective supply chains. 2. **Negotiation**: Negotiating terms, prices, and contracts with suppliers to achieve the best possible deals and ensure compliance with company policies. 3. **Purchasing**: Managing the procurement process, including creating purchase orders, tracking orders, and ensuring timely delivery of goods and services. 4. **Market Research**: Analyzing market trends and conditions to make informed purchasing decisions and stay updated on new products and technologies. 5. **Cost Management**: Monitoring and controlling procurement costs to stay within budget while meeting quality and quantity requirements. 6. **Compliance**: Ensuring that procurement activities comply with legal, regulatory, and organizational standards and policies. 7. **Inventory Management**: Collaborating with inventory and supply chain teams to maintain optimal stock levels and avoid shortages or overstock situations. 8. **Reporting and Analysis**: Preparing reports on procurement activities, analyzing purchasing data, and providing insights to support strategic decision-making. 9. **Problem-Solving**: Addressing and resolving issues related to suppliers, orders, and inventory to minimize disruptions in the supply chain. 10. **Process Improvement**: Continuously seeking ways to improve procurement processes and practices for greater efficiency and effectiveness.

For those who ask, "What roles do people in Procurement and Supply Management perform after completing their studies and other courses?" Here is the answer discussed with my young, The visionary (P4) Bro 1. Procurement Officer / Specialist / Manager: Responsible for sourcing goods, managing suppliers, negotiating contracts, and ensuring timely procurement. 2. Supply Chain Manager / Specialist: Oversees supply chain processes including inventory management, logistics coordination, and demand forecasting. 3. Purchasing Manager: Focuses on strategic procurement activities and vendor relationships to ensure cost-effective purchasing. 4. Logistics Manager / Coordinator: Manages transportation, distribution, and warehousing for efficient goods delivery. 5. Contract Manager / Specialist: Specializes in drafting, negotiating, and managing contracts with suppliers. 6. Materials Manager / Inventory Controller: Responsible for inventory management and optimizing stock levels. 7. Supplier Relationship Manager: Builds and maintains positive supplier relationships to improve collaboration and service levels. 8. Operations Manager: Oversees overall procurement, supply chain, and production processes for operational efficiency. 9. Consultant in Procurement and Supply Chain: Provides expertise to optimize procurement processes and supply chain operations. 10. Government Procurement Officer / Public Procurement Specialist: Manages procurement activities in compliance with regulations and budgetary requirements. 11. Strategic Sourcing Manager: Focuses on optimizing procurement processes and enhancing supplier relationships. 12. Category Manager: Manages specific categories of goods/services, conducts market analysis, and develops sourcing strategies. 13. Global Sourcing Manager: Manages international sourcing activities, navigates trade regulations, and ensures supply chain resilience. 14. Compliance Manager: Ensures procurement activities comply with legal and regulatory standards. 15. Procurement Analyst: Analyzes procurement data to support decision-making and process optimization. 16. Supplier Diversity Manager: Promotes diversity in procurement practices and manages supplier relationships. 17. E-Procurement Specialist: Manages electronic procurement systems to streamline purchasing processes. 18. Quality Assurance Manager: Ensures purchased products/services meet quality standards through inspections and audits. 19. Inventory Planner: Forecasts demand and optimizes inventory levels to minimize costs. 20. Risk Manager: Identifies and mitigates supply chain risks to ensure operational continuity. These roles encompass diverse responsibilities in procurement and supply management across various industries.

What's the difference between Procurement and Logistics.

There's a growing concern I have noticed over time that operation management has actually overtaken procurement roles. In the United nations setting, operation managers manage procurement,finance and administration and the requirements for such a position do not differ from having a managerial course in business administration. in private business setting, this is also taking the same route. where does this leave our efforts to uplift procurement/ supply chain Management to independent department it we are still over shadowed under operation management... Also why is it so easy for finance guys to compete on procurement jobs than us in the procurement profession. Alex Nduhura Kalinzi Charles you will need to guide here..

Purchasing Manager in Supply Chain Management:- * What Does a Purchasing Manager Do? * Purchasing Manager Job Responsibilities: * Basic Soft Skill Sets for a Purchasing Manager * How to Become a Purchasing Manager? Role & Job Responsibilities: Developing Strategies. Reviews and processes Pos Negotiates prices and contracts with suppliers. Builds and maintains relationships with vendors. Selects prospective vendors and negotiates contracts. Evaluates vendors based on quality, timeliness, and price. Schedules deliveries and ensures timely fulfillment of orders. Researches and evaluates vendors to compare pricing and services. Coordinates with fellow managers to monitor inventory and determine supply needs. Ensures quality of procured items and addresses problems when they arise. Keeps up with trends in procurement. Travels to vendor locations. Stays current with purchasing technology trends and oversees purchase and implementation, as necessary. Manages other members of the purchasing team. Maintains records of goods ordered and received. Skills Required:- Financial Management Strong communication skills. Great management skills. Excellent research skills. Interpersonal skills Industry Knowledge Common steps to Become a Purchasing Manager:- 1) Get the experience. Most managers possess a minimum of five years’ worth of experience as an agent or buyer. 2) Get the Degree.Be aware that you may need to return to school in order to be eligible for top-level positions. Employers are increasingly asking for candidates to possess a master’s level qualification. 3) Obtain certifications in supply chain management. There are several recognized qualifications, including (CIPS), (CPSM) (CSCP) (CSCM),CPSM, CPPM, CPP, CSCP, and SPSM. These are some common steps to join Purchasing Field but please a note that there’s no one path to securing this position. Following is a detail video presentation about the role and responsibilities of a Purchasing Manager. https://lnkd.in/dKX5rcpm

Purchasing Manager in Supply Chain Management:- * What Does a Purchasing Manager Do? * Purchasing Manager Job Responsibilities: * Basic Soft Skill Sets for a Purchasing Manager * How to Become a Purchasing Manager? Role & Job Responsibilities: Developing Strategies. Reviews and processes Pos Negotiates prices and contracts with suppliers. Builds and maintains relationships with vendors. Selects prospective vendors and negotiates contracts. Evaluates vendors based on quality, timeliness, and price. Schedules deliveries and ensures timely fulfillment of orders. Researches and evaluates vendors to compare pricing and services. Coordinates with fellow managers to monitor inventory and determine supply needs. Ensures quality of procured items and addresses problems when they arise. Keeps up with trends in procurement. Travels to vendor locations. Stays current with purchasing technology trends and oversees purchase and implementation, as necessary. Manages other members of the purchasing team. Maintains records of goods ordered and received. Skills Required:- Financial Management Strong communication skills. Great management skills. Excellent research skills. Interpersonal skills Industry Knowledge Common steps to Become a Purchasing Manager:- 1) Get the experience. Most managers possess a minimum of five years’ worth of experience as an agent or buyer. 2) Get the Degree.Be aware that you may need to return to school in order to be eligible for top-level positions. Employers are increasingly asking for candidates to possess a master’s level qualification. 3) Obtain certifications in supply chain management. There are several recognized qualifications, including (CIPS), (CPSM) (CSCP) (CSCM),CPSM, CPPM, CPP, CSCP, and SPSM. These are some common steps to join Purchasing Field but please a note that there’s no one path to securing this position. Following is a detail video presentation about the role and responsibilities of a Purchasing Manager. https://lnkd.in/dfeSuZHd

Understanding the 3 Main Types of Procurement In the world of supply chain and procurement, it's crucial to distinguish between different types of procurement to optimize operations and achieve strategic goals. Here’s a quick overview: 1. Direct Procurement: This involves purchasing goods and materials directly used in production processes. Think raw materials, machinery, and other essential components crucial for manufacturing. 2. Indirect Procurement: Also known as non-production procurement, this category covers goods and services that aren't directly used in production but are essential for supporting business operations, such as office supplies, IT services, and maintenance. 3. Service Procurement: This focuses on acquiring services that support the business but don't involve purchasing physical goods. Examples include consulting, legal, marketing, and IT services. Understanding these categories helps businesses manage their resources effectively, streamline operations, and drive better business outcomes. What procurement strategies have you found most effective in your organization? Share your experiences below! #Procurement #SupplyChain #BusinessStrategy #OperationalExcellence

Being a procurement executive, I always prefer just-in-time procurement. Let me tell you what is just-in-time procurement۔ Just-in-Time procurement (JIT) is a management strategy companies use to improve their supply chain management. It emphasises the delivery of goods, services, and products in the necessary quantities and at the right price when they are needed, reducing waste and costs in an optimal proportion۔ hashtag #procurement

Over the years I've seen many that come into procurement from other functions, here's a selection of those along with the competences that they bring into the function... 💰 Finance - Analytical skills, budget management and cost control ⚖ Legal - Contract law, negotiation and risk management 🖥 IT - Technical expertise, data management and digital solution provision 🛠 Operations - Inventory management, technical knowledge and planning 💹 Marketing and sales - Market analysis, relationships and negotiation 👯 HR - Team development, competency management and training 🚀 R&D - Innovation, Early Supplier Involvement and spec development ⬆ Quality - Supplier management, auditing and process development Each of these functions brings a unique set of skills that can significantly contribute to the effectiveness and efficiency of the procurement process. The best procurement departments are those that are diverse with teams from different backgrounds. So if this applies to you and fancy a change then procurement could just be the career for you 😃