Procurement Manager Look for profitable suppliers and develop long-term relationships with them. Research, evaluate and purchase products for the company to use for everyday operations or reselling purposes. Set and maintain the budget. Negotiate with the vendors on reasonable terms. Approve the order of required goods and services. Monitor and test existing contracts. Prepare and maintain periodic reports for management on purchase, controls, and processes. Recruit, hire, train and oversee personnel for procurement-related activities. Analyze the data and prepare procurement strategies for any unfavorable events that might occur. Collaborate with the staff to ensure that the operations run smoothly. Build a culture of long-term savings on procurement costs. Coordinate with the legal department to ensure contract terms are beneficial to the company. Update and present the report key to the chief procurement officer. Stay updated with the latest business trends and product availability to pay the best price for company goods and services.