Procurement Graduate Jobs & Programmes
Procurement is the act of obtaining or buying goods and services. The process includes preparation and processing of a demand as well as the end receipt and approval of payment. This is seen as the heartbeat of any business, as the business/company thrives on the supplies they get and to generate those supplies into profit. This kind of job holds a great responsibility as it involves trying to buy stock at a cheaper rate than what the business will sell it for.
Much like the actual job duties, graduate programmes within this field provide you with excellent hands-on experience. This will comply of being involved in the many of the activities below. Most companies have policies in place and that will be considered when setting up the structure of the grad programme. You will be introduced to those policies beforehand and will be guided along the way. With this being said, you are likely to be assisting in tasks such as:
- Purchase planning
- Standards determination
- Specifications development
- Supplier research and selection
- Value analysis
- Price negotiation
- making the purchase
- Supply contract administration
- Inventory control and stores
- Disposals and other related functions
The assistance is not limited to the above and can expand according to the needs of the company/business.
Education needed to follow a career in Procurement
The education required to start a career in Procurement can vary based on the decision of the employer, although you usually need a Bachelor’s Degree in Business or Supply Chain Management, or in any field closely related. Some employers may prefer candidates with a master’s degree in one of these areas, while others may accept years of experience in roles of progressive responsibility in place of formal education. These qualifications can take you +- 4 years to complete at an accredited institution of your choice.
This is the professional body in South Africa which governs the Procurement and Supply Chain Industry. Members of this professional body benefit greatly from the membership. Not only do they get guidance on how to develop the company they work for through procurement but they also get to up-skill themselves through various courses. Take a look at the internships available here on our website. Make sure that you read and understand all the requirements before starting with your application.