Steps to follow to become a Procurement Manager

There is some simple yet important information to follow in order to be a Procurement Manager. The following section states a generalised step by step guide you may keep in mind to look in this career

Decision Making

• Before you start pursuing your career in purchasing, you must make sure that you know what are your interests, what subject combinations you need to take in your higher secondary level, and what courses you are eligible for in order to become a Procurement Manager. 
• Even after your UG, you need to choose between various PG courses that are being offered, based on your area of interest. 
• A career as a Procurement Manager is often demanding and stressful sometimes, you must have the zeal and motivation to work for the companies even in stressful conditions.

Subject Choices

• The first and the foremost step is to choose the correct subjects in class 10+2, such as Accounting, Economics, and Logistics predominantly. These are the best subject combinations to take up Procurement Manager as a career option.
• You need to be very sure that you have a strong interest and basic command over those subjects, only then you can do higher studies in purchasing or logistics
• These subjects are indegenious to commerce syllabus, but the candidates from other streams can also study them in their leisure time if they aspire to be a Procurement Manager.
• Candidates can go for a BCom or BBA course in their graduation level, but the companies usually prefer to hire BBA Logistics for the positions of Procurement Manager.
• Students can also pursue a Master's program in order to be eligible for this career.

Entrance Exam Preparation

• Preparing for the entrance test is one of the important steps that need to be successfully accomplished in the journey to be a Procurement Manager. 
• There are several entrance tests for the logistics course: DU JAT, CET, IPU CET etc which are conducted once in a year for this program. 
• They must not be intimidated by the syllabus, rather they should make a strategy to cover the whole one and revise it as much as they can.

Selecting Correct Colleges

• There are numerous online portals that prescribe the best institute as indicated by their location, ranking, fees, placement etc. 
• Students must take advantage of such sources and they independently should visit their official websites to get familiar with the course, rankings, placements, faculty, internships, training etc. 

After qualifying Exam

• According to admission processes at various universities, students should initially meet all requirements for the entrance test round. 
• They should qualify the cut-off marks prior to going further to the following round. This process comprises group discussions and a personal interview. 
• For an upper level degree, a research proposal is additionally needed to submit.

Work Experience

• Recruiters looking for Procurement Managers may require a candidate to have around 1-2 years of related work experience. 
• Likewise, an individual with additional certifications is more likely to get hired by recruiters than professionals with just a bachelor’s degree. 
• Generally, having more work experience is useful to an aspiring Procurement Manager's business possibilities.

Types of Procurement Manager

There are various related careers in Procurement Manager. The accompanying types would enable the students to narrow down their choices, and hence, allow them to pick a particular job role.

Purchasing Manager

• Purchasing managers are engaged with all parts of the organization's business, from advancement to discovering costs, investment funds to the corporate system to creation. 
• A successful purchasing manager should have the option to audit propositions for new activities in an opportune way, and they should keep up continuous communication with promoting groups to examine deals recommendations and advertising systems. They likewise should be skilled at finding cost savings.
• Purchasing managers handle contract negotiation, keep up the degree of compatibility with sellers and client base, and manage buying specialists. 
• They endeavor to search out the most ideal sellers with the most sensible cost for the worth looked for.

Procurement Officer

• The procurement officer ensures the things bought for the organization offer the most ideal benefit and results, regardless of whether they be merchandise for resale, gear, administrations, or materials. 
• They should be skilled at examining the necessities of the organization and potential decisions for buy to address these issues at the most ideal costs while considering quality. 
• The procurement officer should have the option to guarantee that the conveyance of buys addresses the issues of the organization without causing deficiencies or unreasonable excesses. 
• They should have the option to measure what levels should be kept of purchases to ensure consistent resource availability and performance. 

Purchase Assistant

• A purchasing assistant assists with buying items for their organization to utilize or sell. They should know about stock and inventory consistently, just as broad deals and income patterns, (for example, what is selling admirably or inadequately). 
• They might be responsible for picking which items to stock in stock, just as shaping associations with wholesalers and manufacturers.

Supply Chain Manager

• A supply chain manager administers and facilitates key parts of the franchise supply chain. 
• The fundamental occupation obligations of a supply chain manager incorporate advancing cooperation between the outreach group and client assistance group, creating and keeping up approaches on broad coordinations and systems, and keeping up in general stock dependent on request. 
• They direct correspondence with providers and ought to have the option to dissect the cost viability of current agreements.
• They should give initiative and direction to a group of store managers within the supply chain.

Commercial Manager

• A commercial manager fills a non-specialized, business-situated situation inside an organization. 
• Their fundamental duty is to manage income and costs used to make monetary returns. This for the most part is done through approach level work, making rules or practices to decide the means that the business takes when leading business. 

How to Become a Procurement Manager in India

A career in logistics or supply chain management is not easy. One must be ready to hustle from the starting phase. The students who need to fulfill their dream must start his/her preparation from the 12th standard itself. A brief description of how to prepare to become a Procurement Manager is mentioned below.

School Level Preparation

• At the school level preparation, there are no specific subject combination or streams required to pursue this profession
• However, candidates from any stream can pursue this profession. One can, however, look into improving Communication skills and proficiency in English language.
• The students can start to prepare about the different subjects such as supply chain, accounting, economics, logistics etc.
• For BBA program the eligibility criteria is applicable for both Merit based or Entrance based tests
• The students must have cleared his/her previous academic examination which is Class 12th boards.
• In order to get admission in BBA Logistics the minimum aggregate is 45%-50% from a recognized board.

How to become a Procurement Manager After 12th?

After finishing high-school, candidates can now take a short term professional course in the related discipline. Full-time degree courses will be instructed over 6 months to 4 years. 

Undergraduate Preparation

• At the UG level, candidates aspiring to become a Procurement Manager should first focus on clearing the entrance exams and getting admitted in a bachelor’s degree course. 
• It can be any Diploma or Bachelor. The students can also enroll in the alternative courses such as a BBA or B.Com etc 
• Students along with their studies should start focusing on developing related technical skills and also soft skills.
• Score well in the undergraduation. If possible, they should take internships in any organizations related to the job profiles.
• After completion of bachelor degree they can even take up jobs in organizations and gain exposure about how an executive works.
• For the preparation of the entrance test the student must go through the every important topics of syllabus and start working on the each portions of the important topics
• After clearing the entrance test the student must choose the desired colleges and universities, and start preparing for it. 

Post Graduation Preparation

• Earning a Masters degree in logistics or supply chain also allows graduates to apply for limited tenure-based teaching positions at colleges and universities alongside Senior Position in an Organization he/she is already working.
• The eligibility criteria for MBA is at least 50% minimum aggregate in Bachelor from a recognized institute by UGC.
• They also have to qualify entrance tests for admission.
• Several universities tie up with various corporate organizations and conduct internships, assignments through which graduates can achieve real-time experience
• After completion of your PG degree and before opting for a job or higher education, it would be beneficial if you gain a professional certification in purchasing along with a work experience as this will secure for a better salary package in future.

Courses to become a Procurement Manager

There are various types of courses available which an individual can pursue in order to be a Procurement Manager. Given below are the list of Procurement Manager related courses for the same:

Diploma in Logistics Management

Diploma in Logistics Management is a 12 Months Diploma program that incorporates training as well as Internship program in business domain. 

Diploma in Logistics Management: Admission Process

• Most admissions to this diploma program are offered on the basis of merit based as per the guidelines of colleges/universities offering the course. 
• Scores in 10+2 of the students also play a major role.
• Applicants from any stream can apply directly as per the college where admission is desired.
• No entrance exams are conducted for admission in this program.
• One should have Passed in 10+2 or equivalent exams with English as one of the subjects with at least 50% aggregate marks.

BCom in Supply Chain Management

BCom in Supply Chain Management is a 3-year full-time undergraduate course separated into 6 semesters. This course covers all the aspects of supply chain management, from production all the way to manufacturing, and the final consumption point.

BCom in Supply Chain Management: Admission Process

• Most institutes offering the course concede Students dependent on performance in an applicable entrance test, frequently followed by a series of personal interviews, wherein their general aptitude for the course is tested. 
• Admission process generally varies across universities. 
• A few of the organizations likewise give direct admission dependent on the applicant's performance at the 10+2 level of education.
• Students who have successfully completed their 12th Standard/10+2 (or equivalent level of examination) in any stream preferably commerce from any reputed board are eligible to apply for this course.

BBA Logistics Management

BBA Logistics Management is a 3-year course of undergraduate level that deals with the activities that are identified with the arranging, execution and control of the smooth and reliable progression of merchandise. This program also deals with the storage of goods, services and other related information between destination and source. The average fees in India for the course ranges between INR 50,000 and 4 Lakh.

BBA Logistics Management: Admission Process

• Admission to this program is on the basis of student’s performance in relevant entrance tests such as CUCET, IPU CET, AIMA UGAT, SET, etc and other university specific tests and following it, a round of counselling followed by a PI for qualifying students.
• 10+2 from any stream and at least 50% marks in aggregate is the minimum eligibility criteria required to be fulfilled for an aspiring student to pursue the program.

BBA in International Business

• BBA in International Business is a 3-year full-time program separate into 6 semesters. The fundamental goal of this course is to provide eligible candidates the abilities required to create and manage global companies. 
• This program essentially covers a high level investigation of business and social ideas which are applicable to International Business, worldwide practices, business practice followed by the global contenders and some more. 
• The total course fees of this program is between INR 50,000 to 4 Lakh.

BBA in International Business: Admission Process

• Admission to BBA in International Business is based on the student’s performance in a relevant entrance test. 
• Students qualified in the exam with the set minimum eligible cut-off marks are invited for the next round of counseling, based on which, the final list is prepared. 
• Some institutes also provide admission on merit basis.
• To be eligible, a Senior Secondary qualification in a relevant discipline, completed from a recognized board and a minimum aggregate marks of 45%-50% at the 10+2 level is required.

How to Become a Procurement Manager Abroad

Pursuing supply chain or logistics courses abroad to become a Procurement Manager is one of the most sought after professions, as the job prospects and salary package is higher abroad. 

How to Become a Procurement Manager in USA

In the USA, international students can earn a full-time undergraduate and masters degree in logistics or related fields.

• They must be good in English language should submit a proficiency test score
• The duration of an undergraduate course is about 3 years while postgraduate courses are 2 years.
• The course fee varies between INR 6 Lakhs to INR 27 Lakhs.

Admission Process

• Have a 10+2 degree if applying for bachelor courses.
• Have a bachelor's degree during a relevant field of study from a recognized university with at least 80% and higher marks.
• Provide a valid GMAT or GRE score.
• Submit proof of English proficiency through IELTS, TOEFL or equivalent examination.

Top Colleges

How to Become a Procurement Manager in UK

The United Kingdom has a number of courses in supply chain or logistics programs at both undergraduate and postgraduate level.

• Top specialisations are logistics management, supply chain, economics, etc.
• The duration of several programs is between 6 months to 3 year.
• Applications are to be submitted on the university website
• The average course fee is between INR 6 to INR 27 lakhs

Admission Process

Applications for bachelor or masters in the UK are principally accepted for the intake in fall. 

Students are needed to own a relevant degree in a connected field to use in UK universities. 

Students applying for bachelor or masters program in UK ought to meet the subsequent requirements:

• Intermediate degree
• Bachelor's degree in supply chain or logistics or connected field
• Basic knowledge of related field
• Scores of entrance tests needed for education in Britain. 
• GRE or GMAT score
• Average GMAT: 680
• Average GRE: 325
• Proof of English proficiency

Top Colleges

How to Become a Procurement Manager in Canada

To pursue logistics or supply chain courses from Canada, students need to pursue 10+2 in any stream with a relevant subject. For pursuing master's degree courses, they must have done graduation in logistics or any other in any discipline.

Admission Process

The admission process to pursue logistics courses in Canada is based on the scores obtained in 10+2 and graduation and also in the entrance examination.

• Students need to have a prior bachelor's or master’s degree in relevant specialization with 75% to 80%.
• Minimum two letters of recommendations from academic professors.
• A valid score in english proficiency requirement tests like TOEFL and IELTS etc.
• Valid student visa and citizenship certificate, etc.

Top Colleges

How to Become a Procurement Manager in Australia

Australia offers full-time UG level to PG degree programmes in logistics or supply chain or related field.

• Candidates must submit any one English proficiency test score i.e. IELTS, TOEFL, CAE, OET eetc.
• A few of the programmes require students to have prior work experience in a related field. In such a case, documents should be submitted with the application form.
• The average course fee varies between INR 8 to INR 23 lakhs.

Admission Process

• Students must have any relevant subject combination at the higher school level
• Minimum two letters of recommendation from academic professors.
• A valid score in english proficiency tests like TOEFL and IELTS etc
• Valid student visa and relevant certificate, etc.

Top Colleges

Benefits of Career as a Procurement Manager

Being a Procurement Manager is one of the most high profile jobs. The Procurement Manager is responsible for collecting information about providers giving the desired materials in the market through secondary research, contacts, product catalogues or trade journals etc. The students having the drive for constant increase in purchasing and a flair for communication should pursue this degree.

Salary

• Career as a Procurement Manager is a fast-paced and demanding field. However, the pay is something decent. The growth opportunities are immense in this discipline. 
• The average pay for a Procurement Manager, irrespective of experience, is INR 4 LPA. A mid level manager can earn upto INR 6,00,000. 
• A Procurement Manager with 10 years of experience can earn upto INR 10,00,000 per annum.

Job Security

• Job security is a vital perk to a career in logistics management, because it is an Associate in companies in-demand occupation. 
• Positions within the domain are typically challenging and secure. As a result of the increasing goods demand in various sectors being prime to existence, there are several job choices offered. 
• This provides you a lot of opportunities not to change your firm, etc even if you’re feeling such as you need a new challenge or perhaps modification for the sake of modification.
• When students keep acquiring experience in any field, job security will not be any issue in this profession. 
• Purchasing executives with a noteworthy portfolio and years of work experience are in much demand. Students with over 10 years of experience upwards of INR 8-10 LPA and more.

Positive Impact

The executive with creative skills has a high chance of securing a job.The job security of a Procurement Manager is high if they are able to improve the quality of the services and increase the demands of the company. The increasing diversity in the roles, especially in these segments has improved the job scope of the Procurement Manager.

Higher Studies

• Logistics or supply chain or International business or material Management is offered at all levels of education. 
• For those who are working, there are various short term certificate programs offered by certain institutes. Full-time degrees include logistics courses in various specialisations. 
• Employers within this sector wish to see executives continue advancing their education. 
• Earning better skills additionally means that earning a better package, so effort to coach yourself extremely pays off.

Unique Experience

Students will have a good and positive experience while pursuing logistics courses as you make the company's products according to you. You learn several skills and new experiences.

How to become a Procurement Manager: Skills Required

To become a Procurement Manager you must hold some useful skills required in this career.