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Become A Procurement Agent

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Working As A Procurement Agent

  • Getting Information
  • Communicating with Supervisors, Peers, or Subordinates
  • Interacting With Computers
  • Communicating with Persons Outside Organization
  • Establishing and Maintaining Interpersonal Relationships
  • Mostly Sitting

  • Make Decisions

  • Stressful

  • $75,225

    Average Salary

What Does A Procurement Agent Do At General Electric

* IN addition you will :
* Optimize the part & material definitions at R&D stage to make it easier to source
* Develops new solutions under guidance and / or in a team setting or based upon precedents in the organizations
* Balance both tactical execution with strategic initiatives necessary to drive cost reduction projects
* Works together with high level people from the business at SPB and EB level
* Specifies needs, communicates about project approach and presents outcomes of research done
* Provides technical / commercial assistance to Commodity Buyers to develop awareness of manufacturing processes and improve product knowledge
* Actively participate in supplier performance reviews
* Advises Functional managers regarding projects, processes and procedures within own field
* Contributes to project as a team member or leads small projects

What Does A Procurement Agent Do At The Boeing Company

* Assist with formal negotiations (price, schedule, and supplier exceptions) to contractual requirements.
* Perform and comprehend price analyses, source selection/justification
* Review purchase requisitions for clarity, compliance, detail, completeness, and obtain additional information considered necessary.
* Actively manage the procurement process from order placement through receipt of products and subsequent payment of invoices.
* Actively manage supplier performance through consistent communication to ensure proper adherence to purchase order terms and conditions
* Participate in the invoice approval process to ensure that supplier invoices are in accordance with purchase order terms and conditions, and resolve issues as necessary.
* Review proposals, negotiates prices and terms, selects or recommends suppliers, analyzes trends, follows up on orders placed, verifies delivery, approves payment, and maintains necessary records.
* Assist with preparation of bid packages
* Provides procurement support for proposal efforts as required
* Maintain a working knowledge of Federal Acquisition Regulation and Defense Federal Acquisition Regulation Supplement (FAR/DFARS)
* Boeing is the world's largest aerospace company and leading manufacturer of commercial airplanes and defense, space and security systems.
* We are engineers and technicians.
* Skilled scientists and thinkers.
* Bold innovators and dreamers.
* Join us, and you can build something better for yourself, for our customers and for the world

What Does A Procurement Agent Do At Cigna

* oDirectly or indirectly (through business and matrix partners) manage key supplier relationships in assigned portfolio using Cigna's Supply Chain Management best practices
* oEstablish and maintain a partnering culture with Cigna team members to insure value is derived equitably to drive innovation and productivity with Suppliers
* oContribute to thought leadership and consultative guidance in the context of best practices to business and matrix partners regarding management of Supplier activity
* oAssist with the constructive handling or resolution of conflict both internally and externally with Suppliers, business and matrix partners
* oWork with Suppliers to ensure adherence to terms & conditions of agreements
* oMonitor overall performance of assigned Suppliers against agreed upon service level agreements and/or other measurement criteria
* oUnderstand, compile, manage, and communicate required information for Supplier performance reviews on a monthly, quarterly or annual basis including reports and scorecards necessary to gauge Supplier performance
* oConduct or oversee reconciliation of invoices to adhere with contract terms
* oCoordinate and participate in recurring governance sessions with business/matrix partners and/or Suppliers – weekly, monthly, and/or quarterly
* oWork with Strategic Sourcing counterparts and business/matrix partners to define and execute negotiation strategies with Suppliers
* oFunction as the subject matter expert related to contract terms, conditions, and financials for key suppliers in assigned portfolio

What Does A Procurement Agent Do At Fiserv

* Collaborate with colleagues across multiple global business units in technology, finance and business roles in their assigned category(ies).
* Conduct market research and maintain a working knowledge of current business trends including industry changes, cost drivers, global pricing, market conditions and economic indicators in order to identify new and/or alternate sources of supply, as needed.
* Conduct ongoing benchmark reviews and perform complex financial analysis, projections and evaluations of supplier proposals for existing and new contracts.
* Influence and drive collaboration between cross-functional stakeholders for the development and execution of enterprise sourcing strategies and facilitation of strong partnerships between Fiserv and its suppliers.
* Act as a liaison between internal stakeholders and suppliers to ensure compliance to sourcing and contracting policies and procedures.
* Collaborate with internal stakeholders and suppliers to identify cost savings opportunities.
* Own specific supplier relationships and ensure the ongoing management of performance, quality, cost, contractual commitments, etc.
* Initiate and/or participate in regular supplier business reviews that address supplier performance, technology roadmaps, business growth strategies and supply market changes.
* Prepare and give business reviews to senior management regarding sourcing and contracting progress and actions to close.
* Successfully manage projects from cradle to grave in meeting project milestones and objectives.
* Ensure the effective communication of ESS strategy, service delivery model and services/supplier offerings.
* Drive compliance to and adoption of ESS policies and procedures; resolve areas of resistance

What Does A Procurement Agent Do At Cybercoders

* Collaborate with internal and external stakeholders to leverage their experience to
* optimize the procurement of materials and services.
* Maintain Master Schedule Reporting
* Conduct Subcontractor RFP
* Manage RFP process
* Establish, maintain and meet bid schedule
* Obtain necessary documents from stakeholders to create RFx
* Obtain bids and maintain bidders list
* Bid evaluations by preparing bid analysis for Sr.
* Manager review
* Maintain Subcontractor Database
* Document Vendor/Sub Communications.
* Act as conduit between vendors and stakeholders
* When needed, support Project Managers with scope changes and change orders to
* ensure they are valid, justified and reasonable cost impact.
* Executing the Procurement Process, including:
* Entering and processing purchase orders
* Purchase Order Tracking and reporting lead times
* Ensuring delivery confirmation
* Ensuring new vendors are registered
* Confirm subcontractor compliance and meets project requirements
* Ensure that project costs are properly categorized and that a feedback loop mechanism
* is in place to compare and adjust estimating costs vs. actual project costs (i.e. production rates, cost of materials, etc).
* Maintain accurate and complete Purchasing records in accordance with record retention
* procedures
* Produce metrics that reflect operational Purchasing performance of the team
* Address exceptions to workflows and coordinate with team members to continuously
* improve processes
* Sourcing for new vendors and subcontractors
* Supplier / Subcontractor on-boarding
* Ability to perform and present findings on key components
* What You Need for this Position

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How To Become A Procurement Agent

Although a high school diploma may be sufficient for some positions, many employers require buyers and purchasing agents to have a bachelor’s degree. Most entry-level positions require some form of on-the-job training.

Education

Educational requirements usually vary with the size of the organization. Although a high school diploma may be enough at some organizations, many businesses require applicants to have a bachelor’s degree. For many positions, a degree in business, finance, or supply management is sufficient.

For those interested in a career as a buyer or purchasing agent of farm products, a degree in agriculture, agriculture production, or animal science is often beneficial.

Training

Buyers and purchasing agents typically get on-the-job training for more than 1 year. During this time, they learn how to perform their basic duties, including monitoring inventory levels and negotiating with suppliers.

Licenses, Certifications, and Registrations

There are several certifications available for buyers and purchasing agents. Although some employers require certification, many do not.

Most of these certifications involve oral or written exams and have education and work experience requirements.

The Institute for Supply Management offers the Certified Professional in Supply Management (CPSM) credential, which covers a wide scope of purchasing professional duties. To receive the CPSM credential, candidates must pass three exams and those with a bachelor’s degree must possess at least 3 years of relevant work experience while those without a bachelor’s degree must have at least 5 years of relevant work experience.

The American Purchasing Society offers the Certified Purchasing Professional (CPP) certification. The CPP certification is valid for 5 years. Candidates must earn a certain number of professional development “points” to renew their certification. Candidates initially become eligible and can renew their certification through a combination of purchasing-related experience, education, and professional contributions (such as published articles or delivered speeches).

APICS offers the Certified Supply Chain Professional (CSCP) credential. Applicants must have 3 years of relevant business experience or a bachelor’s degree in order to be eligible for the CSCP credential. The credential is valid for 5 years. Candidates must also earn a certain number of professional development points to renew their certification.

The Next Level Purchasing Association offers the Senior Professional in Supply Management (SPSM) Certification. Although there are no education or work experience requirements, applicants must complete six online courses and pass an SPSM exam. Certification is valid for 4 years. Candidates must complete 32 continuing education hours in procurement-related topics to recertify for an additional four-year period.

The Universal Public Procurement Certification Council (UPPCC) offers two certifications for workers in federal, state, and local government. The Certified Professional Public Buyer (CPPB) credential requires applicants to have earned at least an associate’s degree, possess at least 3 years of public procurement experience, and complete relevant training courses. The Certified Public Purchasing Officer (CPPO) requires applicants to have earned a bachelor’s degree, possess at least 5 years of public procurement experience, and complete additional training courses.

Those with the CPPB or the CPPO designation must renew their certification every 5 years by completing continuing education courses or attending procurement-related conferences or events.

The National Institute of Government Purchasing (NIGP), Institute for Public Procurement offers preparation courses for the UPPCC certification exams.

Advancement

An experienced purchasing agent or buyer may become an assistant purchasing manager before advancing to purchasing manager, supply manager, or director of materials management. Buyers and purchasing agents with extensive work experience can also advance to become the Chief Procurement Officer (CPO) for an organization.

Important Qualities

Analytical skills. When evaluating suppliers, buyers and purchasing agents must analyze their options and choose a supplier with the best combination of price, quality, delivery, or service. 

Decisionmaking skills. Buyers and purchasing agents must have the ability to make informed and timely decisions, choosing products that they think will sell.

Math skills. Buyers and purchasing agents must possess basic math skills. They must be able to compare prices from different suppliers to ensure that their organization is getting the best deal. 

Negotiating skills. Buyers and purchasing agents often must negotiate the terms of a contract with a supplier. Interpersonal skills and self-confidence, in addition to knowledge of the product, can help lead to successful negotiations.

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Procurement Agent jobs

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Procurement Agent Career Paths

Procurement Agent
Contracts Manager Account Manager Purchasing Manager
Director Of Global Sourcing
12 Yearsyrs
Technical Recruiter Account Manager Purchasing Manager
Director Of Purchasing
10 Yearsyrs
Contracts Manager Contracts Administrator Purchasing Manager
Director Of Sourcing
13 Yearsyrs
Contracts Specialist Subcontract Administrator Purchasing Manager
Director Of Strategic Sourcing
13 Yearsyrs
Supply Chain Manager
Director Of Supply Chain Management
11 Yearsyrs
Senior Sourcing Specialist Purchasing Manager
Director, Procurement
13 Yearsyrs
All-Source Analyst Senior Analyst Purchasing Manager
Global Procurement Manager
10 Yearsyrs
Supply Chain Manager
Global Supply Chain Manager
11 Yearsyrs
Program Manager Technical Director Production Manager
Material Manager
9 Yearsyrs
Supply Manager Logistics Manager Material Manager
Material Project Manager
8 Yearsyrs
Purchasing Manager General Manager Account Manager
Operations Manager
7 Yearsyrs
Category Manager Sales Manager Purchasing Manager
Procurement Officer
6 Yearsyrs
Supply Chain Specialist Project Manager Purchasing Manager
Project Procurement Manager
12 Yearsyrs
Program Manager Marketing Manager Operations Manager
Purchasing Manager
9 Yearsyrs
Supply Chain Specialist Purchasing Manager
Senior Manager, Procurement
11 Yearsyrs
Technical Recruiter Project Manager Purchasing Manager
Senior Purchasing Manager
9 Yearsyrs
Senior Recruiter Senior Sourcing Specialist Purchasing Manager
Senior Sourcing Manager
12 Yearsyrs
Contracts Specialist Contracts Administrator
Subcontracts Manager
11 Yearsyrs
Purchasing Manager
Supply Chain Manager
10 Yearsyrs
Finance Analyst Product Manager Senior Buyer
Supply Manager
6 Yearsyrs
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Procurement Agent Demographics

Gender

  • Male

    48.9%
  • Female

    48.7%
  • Unknown

    2.4%

Ethnicity

  • White

    78.0%
  • Hispanic or Latino

    10.1%
  • Asian

    9.3%
  • Unknown

    1.9%
  • Black or African American

    0.7%
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Languages Spoken

  • Spanish

    43.2%
  • Chinese

    10.8%
  • French

    9.7%
  • Mandarin

    5.8%
  • German

    5.8%
  • Japanese

    4.2%
  • Portuguese

    3.5%
  • Russian

    2.7%
  • Italian

    2.3%
  • Arabic

    2.3%
  • Korean

    1.5%
  • Carrier

    1.5%
  • Hindi

    1.2%
  • Urdu

    1.2%
  • Bulgarian

    0.8%
  • Wolof

    0.8%
  • Dari

    0.8%
  • Thai

    0.8%
  • Czech

    0.8%
  • Swedish

    0.4%
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Procurement Agent

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Procurement Agent Education

Procurement Agent

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Real Procurement Agent Salaries

Job Title Company Location Start Date Salary
Strategic Sourcing Specialist Apple Inc. Cupertino, CA May 16, 2016 $133,560 -
$168,200
Strategic Sourcing Specialist Apple Inc. Cupertino, CA May 25, 2016 $130,000 -
$168,200
Strategic Sourcing Specialist Apple Inc. Cupertino, CA Aug 24, 2016 $127,200 -
$151,300
Lead Sourcing Specialist Medline Industries Waukegan, IL Sep 09, 2015 $112,000
Strategic Sourcing Specialist, Epowertrain Nextev LLC San Jose, CA Nov 28, 2016 $110,000
PR. Strategic Sourcing Specialist/Engineer Medtronic, Inc. Fridley, MN Feb 22, 2016 $98,821 -
$108,000
Strategic Sourcing Specialist Warner Bros. Entertainment Inc. Burbank, CA Jan 10, 2016 $96,600
Strategic Sourcing Specialist Warner Bros. Entertainment Inc. Burbank, CA Apr 09, 2016 $96,600
Sourcing Specialist Parker Hannifin Corporation Richmond, CA Apr 20, 2015 $95,000 -
$105,000
Sourcing Specialist Schlumberger Technology Corporation Rosharon, TX Jan 08, 2016 $94,640
Sourcing Specialist Schlumberger Technology Corporation Sugar Land, TX Jan 15, 2015 $94,172
Strategic Sourcing Specialist Vmware, Inc. Palo Alto, CA Apr 25, 2016 $93,475 -
$117,187
PR. Stragegic Sourcing Specialist/Engineer Medtronic, Inc. Fridley, MN Feb 22, 2016 $89,835 -
$108,000
Strategic Sourcing Specialist III AES Us Services LLC Indianapolis, IN Aug 17, 2016 $84,926 -
$113,250
Supply Chain Management Specialist Daxwell, LLC Houston, TX Dec 21, 2015 $83,637
Supply Chain Management Specialist Daxwell, LLC Houston, TX Feb 05, 2016 $83,637
Sourcing Specialist Schlumberger Technology Corporation Sugar Land, TX Jul 01, 2016 $83,000
Sourcing Specialist Unicarriers Americas Corporation Marengo, IL Mar 21, 2016 $82,596 -
$85,000
Specialist Project Sourcing Honeywell International Inc. Houston, TX Aug 28, 2016 $82,400
Specialist Strategic Sourcing-Senior Exterran Energy Solutions, L.P. Houston, TX Oct 11, 2016 $81,952 -
$92,000
Procurement Agent Timco Aerosystems, LLC Wallburg, NC Dec 09, 2016 $70,000
Procurement Agent Timco Aerosystems, LLC Wallburg, NC Aug 08, 2016 $70,000
Sourcing Specialist Schlumberger Technology Corporation Rosharon, TX Mar 23, 2015 $69,500
Commodity Buyer ZF Steering Systems LLC Florence, KY Aug 04, 2015 $69,025
Sourcing Specialist Royal Stone, Inc. Miami, FL Jun 01, 2016 $66,518
Strategic Sourcing Specialist AES Us Services LLC Indianapolis, IN Sep 04, 2015 $66,000 -
$110,000
Sourcing Specialist Whirlpool Corporation Benton Harbor, MI Sep 01, 2015 $65,000

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Top Skills for A Procurement Agent

SupplyChainPurchaseOrdersNewVendorsPartsProceduresCostSavingsCommodityLogisticsCostReductionProposalsSupplierPerformanceRFQSupplyBaseRFPRawMaterialsCustomerServiceSupplierManagementProcessImprovementInternationalSuppliersBuyers

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Top Procurement Agent Skills

  1. Supply Chain
  2. Purchase Orders
  3. New Vendors
You can check out examples of real life uses of top skills on resumes here:
  • Managed Receiving Department (4 people) supply chain lean manufacturing, quality inventory; through improved software.
  • Issued purchase orders, expediting, typing and filing Scope of Work (SOW) and other supplier contracts.
  • Identified new vendors to support business development activity, negotiated blanket order contracts and payment terms.
  • Coordinated and facilitated communications between service parts and production personnel.
  • Review purchase requisitions for appropriateness with regard to budgets and their conformance with established policies and procedures.

Top Procurement Agent Employers

Procurement Agent Videos

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