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Purchasing managers juggle a To-Do list of stressful, business-critical tasks—from striking the best deals to projecting demand to staying abreast of financial and political changes worldwide. Listen in as four purchasing managers chat about challenges and shoot the breeze on strategy.
Purchasing managers are responsible for directing, coordinating, planning and overseeing the activities and tasks completed by purchasing officers, buyers and other related workers.
The demand for the services of purchasing managers has increased. According to the Bureau of Labor Statistics, job opportunities for these professionals are projected to increase by 7 percent between 2010 and 2020.
If you plan to work in the capacity of a purchasing manager, whether it's for your own company or another business, you should get a complete idea of what the position entails. Purchasing managers are key employees at just about any company that need to use tangible tools and supplies in the course of business.
As key players in the supply chain, purchasing managers have to think about innovation, growth, and cost-savings in all aspects of the company's business.
In most organizations, the purchasing manager is the primary individual responsible for buying materials, parts, supplies, products and services necessary to manufacture a specific product or sell an item produced by the parent company or subsidiary.