A procurement officer ensures that the company makes a profit through purchases and sales. Recently, its demand is increasing in the market. They are responsible for crafting effective procurement strategies, finding cost-effective deals and suppliers, and supply chain management from initial requisition to invoice payment.
To apply, they require a bachelor's degree in accounting, business management, or a similar field preferred. Also, applicants may need two years of experience as a procurement officer or in a similar position. They need to be proficient in Microsoft Office and purchasing software for doing work in a better way.
The procurement officer makes $56,070 per year or $26.96 per hour.
There is more than meets the eye when it comes to being a procurement officer. For example, did you know that they make an average of $30.13 an hour? That's $62,674 a year!
Between 2018 and 2028, the career is expected to grow -6% and produce -29,200 job opportunities across the U.S.
There are certain skills that many procurement officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed math skills, negotiating skills and analytical skills.
When it comes to the most important skills required to be a procurement officer, we found that a lot of resumes listed 10.6% of procurement officers included purchase orders, while 10.1% of resumes included procurement policies, and 9.8% of resumes included purchase requisition. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the procurement officer job title. But what industry to start with? Most procurement officers actually find jobs in the government and finance industries.
If you're interested in becoming a procurement officer, one of the first things to consider is how much education you need. We've determined that 59.4% of procurement officers have a bachelor's degree. In terms of higher education levels, we found that 12.1% of procurement officers have master's degrees. Even though most procurement officers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a procurement officer. When we researched the most common majors for a procurement officer, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on procurement officer resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a procurement officer. In fact, many procurement officer jobs require experience in a role such as buyer. Meanwhile, many procurement officers also have previous career experience in roles such as purchasing manager or administrative assistant.