Buy essential commodities for the company to support business operations.
What does a Purchasing Agent do?
As a purchasing agent, you buy commodities after negotiation with vendors and ensure your firm or a third party delivered the purchased goods. Purchasing agents work for various industries, including for-profit and not-for-profit organizations. You must make sure that the company has all the materials that they need to carry out daily operations. Thorough research to identify the best vendors and products helps you to stay updated on cost and sales patterns. A purchasing manager is expected to manage accounting, bargain for prices, contact sources, and watch trade shows.
You need the ability to bargain costs and conditions, with an awareness of the best practices in the industry, while remaining aware of market trends. Working knowledge of word processing software is essential, and interpersonal and communication skills are an advantage. While a master’s degree is desirable, a bachelor’s degree in business administration or a relevant field is mandatory. Basic market research and an eye for details are necessary, as are analytical, decision-making, and negotiation skills.