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Procurement Buyer skills for your resume and career
15 procurement buyer skills for your resume and career
1. Purchase Orders
- Prepared Request for Proposals and other necessary paperwork for developing, awarding and administering purchase orders in accordance with project requirements.
- Managed purchase price variance, investigated and provided resolution on all purchase orders invoice discrepancies resulting in increased margin and profits.
2. Supplier Performance
Supplier performance refers to practices aimed at optimizing a supplier's performance and capabilities.
- Monitored supplier performance, ensured delivery schedules were met, resolved discrepancies and conducted contract closeout.
- Monitored supplier performance and developed new competitive sources of supply in accordance with sound business practices.
3. Logistics
Logistics is a complete organization and implementation of a problem. Logistics are often considered in a complex business operation, as some works need detailed plannings. Logistics are also used in military action.
- Coordinated with warehouses and logistics to optimize domestic and international shipping process; submitted recommendations which lowered costs.
- Managed activities of purchasing, production planning and scheduling, inventory management, warehousing and logistics.
4. POS
POS is an abbreviation of "Point of Sale" which is the time and place where a customer completes a transaction. It can either be a physical shop that consists of POS terminals or a virtual shop. A POS system helps simplify the retail functions and track important sales data.
- Directed and assisted agencies and film separators in development of temporary POS specifications.
- Developed new process that reduced development of POS prototypes by 40% through collaboration with suppliers and agencies while maintaining costs.
5. Procurement Process
Procurement Process refers to a method for determining what materials and products are best for a company. Many factors go into making these decisions, such as listing potential vendors and the prices of various goods or services. This process is used in several companies to assist with any activities that must be outsourced without costing the company much in cashflow.
- Maintain full responsibility for using focus, attention-to-detail, and excellent communication skills to support key activities/functions of the procurement process.
- Collected performance metrics and proactively identified opportunities to improve the procurement process and work flows.
6. Cost Reduction
- Negotiate supplier price reductions as they become necessary and in accordance with customer cost reduction initiatives.
- Guided and formulated strong supplier contracts and relationships while balancing cost reduction with inventory control.
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Enterprise Resource Planning (ERP) is computer software used by major corporations and organizations for conducting their management and accounting tasks efficiently. ERP systems bind different business processes with each other allowing smoother flow of data between them resulting in swift project assessment and completion.
- Participated in all ERP related meetings to provide and receive troubleshooting information
- Place orders received via phone, email and ERP system with approved vendors ensuring accurate price and meeting delivery criteria.
8. Strategic Sourcing
- Lead the Procurement and implementation of strategic sourcing activities for Houston New Product Development to support corporate objectives.
- Managed assigned commodities through global strategic sourcing.
9. Cost Savings
- Engaged Global and North American Procurement teams to identify and capture cost savings opportunities by leveraging procurement synergies.
- Develop cost savings strategies utilizing Master Requirements Planning and Cost analysis.
10. Inventory Management
- Participated in process improvement discussions between category management, inventory management, project services and finance.
- Performed forecasting, planning, sourcing and inventory management on a daily basis.
11. MRP
MRP is an abbreviation of Material Requirements Planning and refers to the control system which is implemented in the planning and management of the activities related to manufacturing. Through MRP, manufacturers can easily schedule the production and it can also be used for inventory. MRP systems are mostly software-based but the process can also be carried out manually.
- Maintain adequate and satisfactory inventory levels using daily and weekly MRP data from SAP system.
- Minimized production shortages through buying to MRP needs and tactical review of demand.
12. Commodities
- Developed and implemented a new corporate wide standardized e-RFQ process for the newly merged Divisional Metallic Commodities.
- Worked closely with Commodities Manager to improve material availability and product lunch and achieve goals.
13. Strong Negotiation
- Experienced commodity buyer with strong negotiation, invoice resolution and price discrepancies identification skills.
- Possessed strong negotiation, communication and presentation skills.
14. On-Time Delivery
On-Time Delivery, or OTD, is a metric that measures the rate at which finished goods and deliveries are completed on time. This rate is measured by the overall number of units shipped within a specified time frame agreed upon by the consumer and supplier. On-Time Delivery allows suppliers' compliance with delivery deadlines, and hence their consistency, to be assessed using a continuous and collaborative development approach.
- Managed inventory to ensure continuous on-time delivery.
- Handled RMA's (Return Material Authority), receiving issues, managing on-time delivery and supplier quality.
15. Price Analysis
- Conducted research for price reasonableness and price fairness, and eliminated unbalanced pricing by conducting extensive price analysis.
- Used skills such as: price analysis, Negotiation, Strong Communication, knowledge of MRP/ERP
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List of procurement buyer skills to add to your resume
The most important skills for a procurement buyer resume and required skills for a procurement buyer to have include:
- Purchase Orders
- Supplier Performance
- Logistics
- POS
- Procurement Process
- Cost Reduction
- ERP
- Strategic Sourcing
- Cost Savings
- Inventory Management
- MRP
- Commodities
- Strong Negotiation
- On-Time Delivery
- Price Analysis
- Supplier Relationships
- Product Quality
- RFQ
- Procurement Sourcing
- Payment Terms
- Lean Six Sigma
- Lean Manufacturing
- Invoice Issues
- RFP
- Vendor Performance
- Supplier Selection
- Product Line
- Spend Analysis
- P2P
- KPI
- Inventory Control
- R
- Delivery Dates
- Competitive Pricing
- Contract Negotiations
- Cost Analysis
- Bid Proposals
- QA
- MRO
- Capital Equipment
- RFI
- ISO
- Global Sourcing
- Contract Terms
- SharePoint
- Delivery Schedules
- Vendor Relations
- Internal Clients
Updated January 8, 2025