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Procurement Buyer

Overview, Education, Careers Types, Skills, Career Path, Resources

Procurement Buyers source goods/services, negotiate contracts, ensure quality, and manage supplier relationships. Key for cost-efficiency and supply chain.

Average Salary

₹4,50,000

Growth

medium

Satisfaction

medium

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Functional Skills

Functional Skills are essential skills that help individuals perform tasks effectively in everyday life, work, and education.

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    Supplier Negotiation
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    Contract Management
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    Cost Analysis
    -
    Market Research
    -
    Supplier Relationship Management
    -
    Procurement Software Proficiency
    -
    Inventory Management
    -
    Risk Management
    -
    Quality Control
    -
    Logistics and Supply Chain Management
    -
    Data Analysis and Reporting
    -
    Ethical Procurement Practices
Soft Skills

Communication, teamwork, and critical thinking to ensure seamless project execution.

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    Negotiation Skills
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    Analytical Skills
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    Communication Skills
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    Problem-Solving Skills
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    Ethical Conduct
    -
    Time Management
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    Adaptability
    -
    Attention to Detail
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    Teamwork and Collaboration
Technical Skills

Technical Skills are specialized abilities and knowledge needed to perform specific tasks or functions.

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    Supply Chain Management
    -
    Negotiation Skills
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    Contract Management
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    Market Research and Analysis
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    Cost Analysis
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    ERP Systems Knowledge
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    E-Procurement Platforms
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    Data Analysis and Reporting
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    Legal and Regulatory Compliance
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    Inventory Management
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    Supplier Relationship Management (SRM)
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    Risk Management
Duties and Responsiblities

Task

95%

Negotiate contracts with suppliers to secure the best prices and terms, ensuring cost savings for the organization.

90%

Evaluate supplier proposals and quotations to determine the best value, considering quality, price, and delivery timelines.

85%

Manage the procurement process from requisition to order fulfillment, ensuring timely delivery of goods and services.

80%

Develop and maintain relationships with key suppliers to ensure reliable supply and resolve any issues or discrepancies.

75%

Monitor market trends and identify potential new suppliers to maintain a competitive edge in procurement.

70%

Ensure compliance with procurement policies and procedures, including ethical sourcing and sustainability practices.

65%

Analyze procurement data to identify opportunities for process improvement and cost reduction.

60%

Collaborate with internal stakeholders to understand their procurement needs and provide support throughout the buying process.

Work Activities

95%

Negotiate contracts and pricing with suppliers to secure the best deals and favorable terms.

92%

Develop and implement procurement strategies aligned with organizational goals and budget.

90%

Manage the entire order process, from placement to delivery, ensuring timely and accurate fulfillment.

88%

Assess and select reliable vendors based on quality, cost, and delivery performance.

85%

Identify and implement cost-saving opportunities in the procurement process.

82%

Ensure all procurement activities comply with company policies and legal regulations.

80%

Research market trends and pricing to make informed purchasing decisions.

78%

Monitor and manage inventory levels to optimize stock and minimize waste.

75%

Identify and mitigate risks associated with the supply chain and procurement process.

72%

Collaborate with internal stakeholders to understand their needs and provide procurement support.

Detailed Work Profile

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