Careers in purchase management

1. Careers
In
Purchase Management
Introduction
Eligibility
Job Prospects
Remuneration
Institutes
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2. Introduction
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.
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3. Eligibility
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.
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4. Job Prospects
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.
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5. A Purchasing Manager earns an average salary of Rs
834,511 per year.
Remuneration www.entranzz.com

6. Institutes
•Indian Institute of Materials Management (IIMM),
Chennai
•Indian Institute of Material Management, Mumbai
•T. John Institute of Management and Science,
Bangalore.
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