Rise Career Glossary | Purchasing Terms and Definitions
List of Roles within a Purchasing Department
Buyer: A buyer is responsible for procuring goods and services on behalf of the company at the best possible price and quality. They research potential suppliers, negotiate contracts, and maintain relationships with vendors.
Category Manager: The category manager is in charge of managing a specific category of products or services for the organization. They develop and implement strategies to optimize cost, quality, and supplier performance within their assigned category.
Inventory Analyst: An inventory analyst monitors and analyzes inventory levels, forecast demand, and makes recommendations to ensure adequate stock levels are maintained. They are responsible for optimizing inventory turnover and minimizing stockouts.
Procurement Analyst: A procurement analyst supports the procurement team by analyzing data, identifying cost-saving opportunities, and improving procurement processes. They analyze supplier performance, conduct market research, and assist in contract negotiations.
Purchasing Manager: The purchasing manager oversees the entire purchasing process. They develop and implement procurement strategies, manage the purchasing team, negotiate contracts, and ensure compliance with policies and regulations.
Sourcing Specialist: A sourcing specialist is responsible for finding and evaluating potential suppliers, conducting supplier audits, and managing the supplier selection process. They work closely with internal stakeholders to identify sourcing opportunities and negotiate contracts.
Supply Chain Analyst: A supply chain analyst analyzes supply chain data to identify areas for improvement and cost-saving opportunities. They monitor supply chain performance, collaborate with suppliers, and support the development of inventory management and logistics strategies.
Vendor Relationship Manager: A vendor relationship manager is responsible for building and maintaining relationships with suppliers. They ensure that suppliers meet performance expectations, resolve issues, and negotiate favorable terms and conditions.
