At Learn How to Source, we’ve designed the Procurement Manager role around several key processes that build a strong foundation for success. These include:
- Translating company strategy into actionable procurement strategy
- Effective stakeholder management to align with organizational goals
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Category management for optimizing sourcing across different areas
- Roles and organization including fostering competence development within the procurement team
- Using scorecards and KPIs to track performance
- Leveraging essential process, methods and tools for efficient operations and access to relevant data
These are the core processes typically found in a well-established procurement department. As a Procurement Manager, it’s crucial to understand the purpose of each process and how to apply them effectively, depending on the specific needs and structure of your organization.