With potential opportunities across a variety of industries, pursuing a career as a director of purchasing can be professionally rewarding for qualified individuals. Breaking into this field may take a combination of education, training and industry certifications. If you have good negotiation skills and a knack for analyzing data, you may enjoy preparing for a director of purchasing career.
The online Master of Science (MS) in Supply Chain Management program from Florida Institute of Technology (Florida Tech) equips graduates with valuable information about where the jobs are. Discover the details about the education and training required, common job duties and potential earnings.
What Is a Director of Purchasing?
A director of purchasing performs various duties to ensure a company obtains the goods and services it needs at the best possible price. In manufacturing, they are also typically responsible for developing procurement strategies to acquire raw materials.
In some firms, the supply chain may involve complex commodities and international suppliers. To accomplish a company’s goals, the director of purchasing helps develop and implement strategic purchasing plans and adjust strategies based on their strengths and weaknesses.
Why Directors of Purchasing Matter
The director of purchasing contributes to an organization’s bottom line by utilizing analytical, forecasting and negotiation skills to procure goods, materials and services on favorable terms. These professionals stay on top of lead times to assist with manufacturing and distribution planning. They report on parts and materials expenses so finished goods can be priced correctly, and they support a firm’s production and sales efforts by ensuring materials orders and inventories stay on track. In these ways, the director of purchasing positively impacts an organization’s operations, profits and ability to grow.
Typical job duties for a director of purchasing include sourcing new suppliers, establishing relationships with vendors, negotiating purchasing contracts, solving order grievances and discrepancies, and managing the purchasing process from the request for proposal (RFP) stage through delivery. They review and analyze processes to reduce waste and errors and may partner with departments such as production, customer service, sales and safety on supply chain matters. Directors of purchasing may also supervise a staff of buyers or purchasing agents.
Education Preparation for Director of Purchasing Jobs
A director of purchasing requires a broad base of business skills and knowledge. Education requirements vary depending on the employer and industry, but organizations often prefer candidates with a college degree. Consider the following degree types and outcomes in the field:
- Associate’s degree: Depending on the size and nature of the business, certain entry-level purchasing jobs may require a two-year associate’s degree, along with knowledge of the industry, wholesaling and retailing practices, and related work experience. Continuing education is typically required to advance in this field.
- Bachelor’s degree: Director of purchasing jobs often require at least a four-year bachelor’s degree, with a concentration in engineering, economics, supply chain or mathematics. Senior- and executive-level positions typically require an advanced degree and additional work experience.
- Master’s degree: Some employers will show preference to candidates with advanced degrees, such as a master’s in supply chain or a Master of Business Administration (MBA). These advanced degrees typically take an additional one to two years beyond the bachelor’s level.
Training, Other Qualifications and Advancement
Along with the required educational background, employers will also assess your business skills and personal qualities. Success as a director of purchasing will require excellent communication, organizational and critical-thinking skills. Other vital attributes include the following:
- Planning and decision-making abilities
- Negotiation and collaboration skills
- The ability to analyze technical data
- Exceptional mathematical and multitasking skills
- The ability to schedule and manage people and projects
Prospective employers may prefer applicants with industry certifications, such as the Certified Professional Purchasing Manager (CPPM), awarded by the American Purchasing Society. Career advancement for a director of purchasing may require additional work experience, an advanced degree or industry certifications.
Salary potential is determined by numerous factors, including industry type, size and location, and a candidate’s education and experience. As of 2023, the U.S. Bureau of Labor Statistics (BLS) reported that employees listed under the job classification of purchasing managers had an average annual wage of $71,950. The top 10% of earners had salaries exceeding $121,680 annually. Prospective students are encouraged to conduct independent research to determine actual earning potential.
Is Becoming a Director of Purchasing in Your Career Plan?
Businesses around the globe need skilled directors of purchasing to keep their organizations on track with reaching short- and long-term objectives, meeting customer demand and remaining profitable. Florida Tech’s online MS in Supply Chain Management program helps students in their journey to attain the educational qualifications and skill set described in this career guide. This knowledge can help prepare prospective students for a rewarding career in this complex field.
Learn more about Florida Tech’s online Master of Science in Supply Chain Management program.
