Purchasing Agent Career

A purchasing agent’s career revolves around buying a vast array of durable, perishable, non-perishable, and nondurable goods as well as services for various institutions and companies. The primary responsibility of a purchasing agent is to get the best possible deal on goods being bought for their company. They also have to ensure that the goods and services are of the highest quality and at the same time have to keep the cost to the company as low as possible. A purchasing agent will have to accomplish their task based on current sales records as well as the levels of inventory of a particular stock. They need to also identify domestic and foreign suppliers, what the suppliers are offering, the cost, the discounts on offer, and how much stock is required by the company. The various attributes considered by a purchasing agent while choosing their merchandise and suppliers include quality, price, reliability, availability, and technical support.

How to become a purchasing agent:

Those interested in pursuing a purchasing agent’s career can start by fulfilling the basic educational requirement. There are two alternatives available. One can complete an undergraduate program in any subject and start as a trainee in an organization preferably a distributor, manufacturer, or even large stores that keep large inventory. The second alternative is to complete a Bachelor of business administration and start as a purchasing agent for a multi-national firm or large corporate.

Purchasing agent career courses, training, programs:

A purchasing agent’s career is not dependent on the basic education only. In order to fuel growth, one needs to keep acquiring more knowledge. There are certain certification programs available for prospective purchasing agents like Certified Purchasing Manager (C.P.M.) from the Institute for Supply Management, Certified Professional Purchasing Manager (CPPM) and Certified Purchasing Professional (CPP) from American Purchasing Society, Certified Professional Public Buyer (CPPB), and much more.

Purchasing agent career schools/colleges, education:

There are several top colleges and universities in the USA that offer undergraduate and graduate program in business administration.

Top 4 colleges/universities:

University of Michigan-Ann Arbor (Ross)

Dartmouth College (Tuck)

University of California-Berkeley (Haas)

University of Virginia (Darden)

Purchasing agent job opportunities, salaries/pay:

According to the market analysis of top consultants, the salary of a purchasing agent varies from $50,000 – $80,000 per annum. The average salary for a purchasing agent in the US is $74,025 per annum with the highest average being $116,122 from the construction industry.

Category: Finance Careers

Leave a Reply

+ 2 = three