Is Procurement A Good Career Path? Find Out How

Written By Aleena

Is procurement a good career path? As part of the business world, procurement is a process that’s vital to many organizations.

For many people, a career in procurement is like a supply chain management job. And like most things in business, it has its pros and cons.

Is Procurement A Good Career Path? 9 Job Prospects

On the plus side, those in procurement have the opportunity to be a part of something larger than themselves.

They’re often able to see the big picture. They work with other departments to ensure everyone is happy with the final product.

So yes, a career in procurement can be a good choice for those who want to make a difference.

Procurement - Is Procurement A Good Career Path

But it’s not all rainbows and butterflies. Procurement can be a very challenging field. It’s fast-paced and ever-changing.

Let’s find out some major types of procurement jobs:

1. Purchasing Agent:

The purchasing agent findsevaluates, and buys products and services for the company.

They work with suppliers to get the best deals and negotiate contracts.

Someone with this job must be able to find the right products and services at the right price. They must also be able to build relationships with suppliers.

And when there’s a problem with a purchase, they have the skills to resolve it.

They earn an average of up to $49398 per year. (Payscale)

The agents work in office environments. And they have to travel occasionally to meet with suppliers.

2. Procurement Specialist:

The procurement specialist is responsible for the company’s purchasing activities. 

They develop and oversee the procurement process. This includes finding suppliers, negotiating contracts, and managing relationships with vendors.

Someone in this position must have excellent analytical skills. They must be able to understand complex data and make sound decisions.

They should also be good at negotiating. And they need to have the ability to build relationships.

They also work with other departments. Together they ensure that the products and services meet the company’s needs.

They earn, on average, $60189 per year. (Payscale)

3. Supply Chain Manager:

The supply chain manager is responsible for the flow of goods and services.

They oversee the entire supply chain, from procurement to production to delivery. 

Someone in this position must be able to manage and motivate people. They should also be good at problem-solving.

The supply chain is a complex process. So the ability to think strategically is a must.

It involves a lot of coordination. So the manager must be able to work with other departments and suppliers.

They make, on average, $84389 per year. (Payscale)

4. Strategic Sourcing Manager:

When it comes to procurement, the strategic sourcing manager is the expert.

They develop and implement strategies to find the best suppliers. They also negotiate contracts and manage relationships with vendors.

Without a good strategic sourcing manager, a company would struggle to get the best deals.

This position requires excellent analytical skills. And the manager must be able to think strategically.

They should also be good at negotiating. And they need to have the ability to build relationships.

The average salary for this position is $94237 per year. (Payscale)

5. Commodity Manager:

A commodity manager is responsible for a specific type of product or service.

For instance, they may be responsible for all the company’s purchasing of computers.

Or they may be responsible for all the company’s purchasing of raw materials.

So their role is similar to the other procurement jobs. But their focus is on a specific commodity.

They earn, on average, $89474 per year. (Payscale)

6. Operations Manager:

The operations manager is responsible for the day-to-day running of the company.

Make a difference - Is Procurement A Good Career Path

They ensure that all the departments are working together efficiently.

Someone in this position must be able to manage and motivate people too. They should also be good at problem-solving.

The operations manager must be able to think strategically. And they need to have the ability to make decisions quickly.

This is a high-pressure job. So the manager must be able to handle stress. They earn, on average, $68439 per year. (Payscale)

7. Materials Manager:

The materials manager is responsible for the company’s raw materials. 

They procure and manage the inventory of raw materials. They also work with suppliers to ensure a steady supply of materials.

Someone in this position must have excellent analytical skills. They must be able to understand complex data and make sound decisions.

They should also be good at negotiating. And they need to have the ability to build relationships.

They make, on average, $77077 per year. (Payscale)

8. Distribution Manager:

There comes a time when the product is ready to be delivered. And that’s where the distribution manager comes in.

They are responsible for the distribution of the finished product.

Their job is to ensure that the product arrives at the customer on time and in good condition.

If there is any problem with the product, the distribution manager has to solve it.

They earn, on average, $69801 per year. (Payscale)

9. Logistics Manager:

The logistics manager is responsible for the transportation of goods. 

They ensure that the product gets delivered on time and in good condition. They also work with suppliers to ensure a smooth transportation process.

Logistics managers earn, on average, $69189 per year. (Payscale)

So these are the nine most common procurement jobs. As you can see, it is a very important function in a company.

And there are many different aspects to the job. So it is a good career path for someone looking for a challenge.

Reasons Procurement Is A Good Career Path (Pros)

Without procurement, a company would struggle to get the supplies it needs to run its operations.

There are many different aspects to the job. Here are some of the reasons why procurement is a good career path.

1. A Challenging Job:

Procurement is a very challenging job. There are many different aspects to it. And it is always changing.

Fast-paced and ever-changing - Is Procurement A Good Career Path

This means that there is always something new to learn. So keeping up with the latest trends is a big part of the job.

2. Good Salary:

Procurement jobs tend to pay well. The average salary for a procurement officer is $89474 per year. (Payscale)

And with more experience, you can earn even more. The key is getting a good education and building your knowledge.

3. Good Career Prospects:

Procurement is a growing field. And there is a lot of demand for qualified procurement officers.

This means good career prospects for the right skills and experience.

If you have the right skills and experience, you should have no problem finding a job in procurement.

4. The Ability To Make A Difference:

Procurement officers have the ability to make a difference. They can save companies money by negotiating better deals with suppliers.

They can also improve the quality of the products that companies procure. Again, this can have a big impact on the bottom line.

5. The Opportunity To Travel:

Procurement officers often have the opportunity to travel. This is because they need to meet with suppliers from all over the world.

If you like to travel, then this is a great perk. However, this constant travel can be a bit of a downside as well.

Cons Of A Career In Procurement

There are also some downsides to a career in procurement. Here are some of the things you should keep in mind.

1. The Job Can Be Stressful:

The job can be stressful. This is because there is a lot of pressure to get the best deals for the company.

And if there are any product problems, the procurement officer has to solve them.

The best deals.

Also, the job is always changing. This means that you need to be able to adapt to change.

2. It Can Be Difficult To Advance:

It can be difficult to advance in a career in procurement. This is because the field is very competitive.

And there are only so many senior positions. So it can be hard to move up the ladder.

And even if you do move up, the salary increases may not be as much as you would like.

3. It Can Be Monotonous:

The job can be monotonous. This is because it can involve a lot of paperwork and negotiation.

And it can be difficult to build relationships with suppliers.

Because when you’re always trying to get the best deal, it’s easy to become transactional.

4. Traveling Maybe A Con:

As mentioned, the job can involve a lot of travel. This can be great if you love to travel.

But it can also be a downside. Again, this is because it can be difficult to maintain a work-life balance.

So these are some of the pros and cons of a career in procurement. But, as you can see, it is a good career path.

But there are also some downsides to consider.

Alternatives To Procurement

If you’re interested in a career in procurement, you should also consider alternatives.

Here are some of the other options you have.

1. Project Management:

Project management involves overseeing the development of a project. 

And it also includes aspects of procurement. But it is more focused on the project itself.

And it can involve other aspects of business, such as marketing and sales.

And with project management, you have more control over the project. Your area of responsibility is also larger.

2. Sales:

Sales is another alternative to procurement. In sales, you focus on selling products or services to customers.

Alternative to procurement.

And like procurement, it is a competitive field. But with sales, you have more control over your income.

This is because your salary is usually directly related to your performance. So if you’re a good salesperson, you can earn much money.

3. Marketing:

Marketing is another alternative to procurement. In marketing, you focus on creating and executing marketing campaigns. 

And when it comes to campaigns, you need to be able to work with various people.

This includes procurement officers. But marketing is more focused on the creative side.

4. Human Resources:

Human resources is another alternative to procurement. In human resources, you focus on managing employee relations. 

And you also help to recruit and hire employees. Again, this can be a good option if you’re interested in working with people.

And even if you’re not interested in working with people, human resource is a good option.

This is because it is a very important function in any company.

So these are some of the alternatives to procurement. As you can see, there are other options available.

It all depends on what you’re interested in.

Skills You Need For Procurement

If you’re interested in a career in procurement, there are some skills you need to have. Here are some of the skills you need.

1. Negotiation Skills:

One of the most important skills you need for procurement is negotiation skills. This is because you need to be able to negotiate with suppliers. 

And you need to be able to get the best deals. So if you’re not a good negotiator, it will be difficult to succeed in procurement.

2. Analytical Skills:

Another important skill you need for procurement is analytical skills. Again, this is because you need to be able to analyze data. 

And you also need to be able to make decisions based on that data. So, for instance, you need to be able to analyze pricing data.

And you need to be able to make decisions about which suppliers to use.

3. Communication Skills:

Another important skill you need for procurement is communication skillsThis is because you need to be able to communicate with suppliers.

And you also need to be able to communicate with other members of the procurement team.

Communication should be clear and concise. And it should be able to persuade the other person.

4. Organizational Skills:

Another important skill you need for procurement is organizational skills. This is because you need to be able to keep track of all the different suppliers. 

And you also need to be able to keep track of all the different products. You need to be able to organize this information so that it is easy to find.

Frequently Asked Questions About Procurement

Here are some frequently asked questions about procurement.

1. Is A Career In Procurement Stressful?

With any career, there will always be some stress. But a career in procurement is not any more stressful than other careers.

The ability to handle stress will depend on the individual. For instance, some people thrive in a fast-paced environment.

But other people do not. So it depends on the person.

2. How To Get A Job In Procurement With No Experience?

There are many ways to get a job in procurement with no experience. One way is to start as an intern.

Many companies offer internships for people interested in procurement.

This is a great way to get your foot in the door. And it’s also a great way to learn about the industry.

Another way to get a job in procurement with no experience is to volunteer.

Many organizations need volunteers. And by volunteering, you can learn about the industry.

And you can also make connections. These connections can be helpful when you’re looking for a job.

3. Why Choose Procurement As A Career?

There are many reasons to choose procurement as a career. One reason is that it is a stable industry.

The demand for procurement professionals is always going to be there. Another reason to choose procurement as a career is that it is a good-paying job.

Procurement professionals can make a good salary. And they also have the potential to earn bonuses and commissions.

4. Is Procurement Still A Good Career In 2023?

The short answer is yes. Procurement is still a good career in 2023. The demand for procurement professionals is not going to go away.

And the pay is still good. So if you’re interested in a career in procurement, there’s no need to wait. You can start now.

5. Is Procurement A Good Career For Women?

There is no reason why procurement can’t be a good career for women. Many women are successful in this field.

The important thing is to have the right skills. And to be able to network.

If you have these things, then there’s no reason why you can’t be successful in procurement.

Final Word:

Is procurement a good career? The answer is yes. Procurement is a stable industry with good pay.

Procurement is an important job. And it is a good career. But it’s not for everyone.

It takes a certain type of person to be successful in this field. But if you have the right skills, then a career in procurement could be perfect for you.

Last Updated on 1 week by Shahzaib Arshad

Aleena

Leave a Comment