Purchasing Manager

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A key component of a purchasing manager’s job is finding and evaluating vendors and suppliers. Purchasing managers are responsible for buying the supplies, materials or finished goods a business needs to sell or manufacture products.

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Market Demand

Purchasing managers are globally in demand. Employment for this career is expected to grow as fast as average, about 7 percent.  They find employment in industries such as manufacturing (25%), wholesale trade (15%), government (12%), management of companies & enterprises (10%) and retail trade (8%) and others (30%).

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Education

A bachelor’s degree plus experience as a purchasing agent or buyer are common requirements for employment as a purchasing manager. Typically, the degree may be in business, economics or engineering. A master’s degree may be required for employment with larger organizations or for higher-level positions. Excellent negotiation skills, math skills and decision-making skills are essential in this role along with good financial management skills.

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