what is a purchasing/supply officer?
As a purchasing/supply officer, you procure products and services for your company. Your job is to ensure the organisation spends money wisely on purchasing raw materials and services to achieve its goals. You assess products for quality and negotiate the best prices with suppliers. You usually lead a team of procurement experts overseeing purchase functions and approving vendors. You also ensure the approved purchases meet the company's quality standards.
Your role differs depending on the company size. For instance, when you work in a large organisation, you manage several other procurement experts. Hence, you perform supervisory roles and approve your team's final purchase proposals. If the company has multiple product lines, you are responsible for specific commodity types required by the product category. Some companies also group purchasing/supply officers by geographical location or client groups. In smaller companies, you perform most of the procurement tasks, from sourcing suppliers to negotiating contract terms and prices.
Purchasing/supply officers have many opportunities in various industries since sourcing products and services are essential in many companies. For instance, an effective purchasing/supply officer can help reduce equipment costs in the mining industry by negotiating better deals. purchasing/supply officers also work in the construction and manufacturing industries, sourcing raw materials and equipment for the processes.find jobs
average salary of a purchasing/supply officer
The median remuneration package for purchasing/supply officers in New Zealand is $76,000 annually. Due to the diversity of the role across industries, you will encounter salary fluctuations that depend on experience and qualifications. Some entry-level purchasing/supply officers with minimal skills take home $42,000 annually. In comparison, experienced workers in the field receive over $196,000 per year.
how to increase the salary of a purchasing/supply officer
The salaries of purchasing/supply officers depend on the employer and work experience. Working for small companies is good for gaining knowledge, but the remuneration package is usually low. Large companies can afford to pay better salaries and provide specialised roles. The complexity of the procurement process in large organisations improves your salary prospects. Enhancing your qualifications and work experience is also helpful. For instance, a purchasing/supply officer without tertiary education earns less than someone with a qualification or a bachelor's degree.
The geographical location also influences your remuneration package. If you live and work in metro areas, you will likely earn more due to the high demand for purchasing/supply officers.
types of purchasing/supply officers
The types of purchasing/supply officers depend on the business sector and the goods they procure. Some include:
- construction purchasing/supply officer: as a purchasing/supply officer in the construction industry, you source suppliers and vendors of construction materials and equipment. Your job is to negotiate the prices and quality of the raw materials and ensure they are within the budget. You also negotiate lease agreements on heavy equipment.
- it purchasing/supply officer: if the company relies on software applications, your job is negotiating contracts for the software. You prepare the purchase agreements and ensure the company gets the best software.
- manufacturing purchasing/supply officer: your job is to find raw materials suppliers and ensure the products are delivered on time to prevent production delays. You renegotiate contracts based on changing supply demands and prices.
working as a purchasing/supply officer
Some of the tasks of purchasing/supply officers include:
education and skills
There are no specific requirements to become a purchasing/supply officer as you gain skills on the job. However, many employers prefer to hire purchasing/supply officers who have or are working towards a qualification. A tertiary qualification in procurement or purchasing and supply management can be useful.
University students who want to work in a government purchasing/supply role can apply for the New Zealand Government Procurement two-year graduate training programme.
skills and competencies
Some of the qualities of a purchasing/supply officer include:
- critical thinking skills: you require critical thinking skills to analyse a situation and make informed decisions based on the information provided. Critical thinking helps you find the best deals for products or services.
- organisational skills: purchasing/supply officers manage a great deal of information on contracts, budgets and other documents. You require organisational skills to keep track of all the information and improve work efficiency.
- detailed-oriented skills: you rely on attention to detail to complete the procurement process based on company policies. Being detail-oriented helps you follow the necessary steps and meet the specifications for products and services.
FAQs about working as a purchasing/supply officer
Here are the most asked questions about working as a purchasing/supply officer: