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An Procurement Manager, also known as purchasing manager, is a senior role which involves ensuring a company and its staff adhere to a particular purchasing strategy. This approach will help to maintain consistency around the clock as well as keeping costs within a budget.
Procurement managers are the people in charge of determining what products get to store shelves, in catalogues, and online. They do the footwork, the research and create the deals to buy large quantities of products for their companies, and then sell them to customers, or use them to create new materials that they then sell to customers.
The Procurement Manager is responsible for ensuring that a company has a very clear strategy when purchasing goods and services. The Procurement Manager may set policies for purchasing that take into account budgets, stock requirements and skills required.
Discover profitable suppliers and initiate business and organization partnerships
Procurement Managers play a leading role in discovering the most profitable deals for the establishment they are working for. They also initiate partnerships with other businesses and organizations.
Negotiate with external vendors to secure advantageous terms
An important task of a Procurement Manager is to be able to successfully negotiate with suppliers and secure advantageous deals for the establishment. In the Hospitality sector, this includes negotiating hotel/kitchen supplies as well as raw materials.
Approve the ordering of necessary goods and services
The Procurement Manager is the person in charge of approving any order of goods and services made by the staff.
Control spend and build a culture of long-term saving on procurement costs
As one of the highest positions of the finance department, the Procurement Manager is responsive for building a culture of long-term saving within the company, and always keep an eye on the money the establishment spends on goods and services.
What can you expect to earn being a Procurement Manager? The position of Procurement Manager has a great deal of responsibilities and as a key part of the team you will spend most of your time working with the team and clients.
Procurement Manager salaries will vary depending on experience in management, but will typically be in the region of £26,000 to £61,000 per year depending on experience. As of August 2017, the average salary for a Procurement Manager in the UK is £37,790 (Source: PayScale). If you have lots of experience you will be in high demand and hit the higher end of the salary bracket. It also depends largely on the type of hotel you are working for and the available budget they have.