How to Become a Procurement Manager
If you have strong negotiation skills and analytical abilities and enjoy working in a strategic role, a career as a procurement manager may be a great choice for you. Procurement managers play a vital role in organizations by overseeing the procurement process, managing supplier relationships, and ensuring the timely and cost-effective acquisition of goods and services. If you are interested in this business career pathway, learn the steps it will take to get your foot in the door.
What Is a Procurement Manager?
A procurement manager is responsible for managing the procurement process within an organization. They work closely with suppliers and internal stakeholders to identify purchasing needs, negotiate contracts, monitor supplier performance, and ensure the delivery of high-quality goods and services. Common job duties of a procurement manager often include:
- Developing and implementing procurement strategies and policies
- Identifying purchasing needs and determining requirements
- Researching potential suppliers and evaluating their capabilities
- Conducting supplier selection and negotiation processes
- Managing supplier contracts and agreements
Step 1: Complete a BBA Degree
A Bachelor of Business Administration (BBA) degree is a great option for aspiring procurement managers. It provides a solid understanding of business principles, management concepts, finance, and supply chain management. A BBA in Supply Chain Systems is ideal, as this concentration can provide additional knowledge and skills relevant to the field.
BBA Curriculum: A BBA degree’s typical curriculum may include business ethics, financial management, marketing, operations management, supply chain management, and strategic procurement. Be sure that the program you select holds proper BBA accreditation to ensure that you are receiving a quality education.
Online BBA Programs: For those who need flexibility due to work or other commitments, online BBA programs are widely available. Hybrid programs, which mix online courses with some on-campus lectures, are also a possibility. You can always opt for a traditional, 4-year on-campus program.
Internships & Experience: In addition to formal education, gaining practical experience through internships or cooperative education programs can be valuable. During your studies, look for opportunities to work in procurement or supply chain management roles to gain hands-on experience and develop relevant skills.
Ready to find a program? Search BBA Schools near you.
Step 2: Determine If You Need Any Certifications to Become a Procurement Manager
While not always mandatory, certifications can be very advantageous in procurement management, often resulting in more career prospects. Some certifications that may be beneficial for procurement managers include:
- Chartered Institute of Procurement & Supply (CIPS) certifications (e.g., Chartered Institute of Procurement & Supply – Level 4, Level 5, Level 6)
It’s a good idea to research the certifications available in the procurement field and assess their requirements. Determine which certifications align with your career goals and consider pursuing them to enhance your professional profile.
Step 3: Learn About Procurement Manager Salaries
The biggest factors that determine procurement manager salaries incude experience, industry type, location, and how large the employer is. According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for purchasing managers, which includes procurement managers, was $127,150 in May 2021.
Things such as educational qualifications, certifications, the complexity of procurement responsibilities, and the strategic importance the organization places on procurement can also impact salary. Conduct salary research specific to your area and industry to get a more accurate idea of earning capabilities.
RELATED: Find out more about BBA Salaries.
Step 4: Find a Job as a Procurement Manager
Procurement managers can find employment in various sectors and industries. The most common include:
- Corporate organizations
- Government agencies
- Nonprofit organizations
- Healthcare institutions
- Manufacturing companies
- Retail organizations
- Construction firms
- Energy and utilities
- Transportation and logistics companies
Networking with professionals in the field, attending industry conferences or events, and joining procurement or supply chain management associations can provide valuable connections and job leads. Professional associations such as the Institute for Supply Management (ISM) and the Chartered Institute of Procurement & Supply (CIPS) offer networking opportunities, job boards, and resources for procurement professionals.
During the job search process, emphasize your negotiation skills, strategic thinking abilities, knowledge of procurement processes, and experience in supplier management. Be prepared to showcase how you have successfully managed procurement projects, achieved cost savings, and contributed to previous organizations’ overall efficiency and effectiveness.
EXPLORE MORE: Learn about other BBA Careers available to you.
