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Any person to be a good Procurement professional must have the following basic traits:
In order to be successful in the profession, one needs to
However, the above list is neither complete nor exhaustive and may vary depending upon the environment.
It's not so much THE STEPS, as it is the right personality ;)
Totally agree on the rest with Nadeem!
Tnx for the invite!
a good procurement offficer/profession should be attentive to details ie specifications of product requirements,be conversant with price chage at given period of time be a person of high intergrity
Good purchasing officer provides materials with optimisation in quantities, unit landed cost and just in time to keep Work in Process inventory just to touch and go. He procures materials from preferred suppliers who could perform optimum quality, price in-time and on credit. Good Buyer does market testing on competitive price with reliable quality.
Procurement taking careof above aspects reduces costs to appreciable extent and satisfies the company, Market and stake holders yielding in better revenues to the company and enriches company's finance. He also contributes in product development together with R&D, Marketing and Sales.
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The procurement department often finds itself at the crossroads between multiple stakeholders: suppliers, customers, management, sales, etc. (If you need help identifying your company’s stakeholders, check out this article.) Excellent communication is essential. A procurement professional must be able to express him or herself clearly in writing and in conversation. Of course, a good communicator must also be able to listen in order to better understand the needs and perspectives of colleagues and suppliers.
2. Savvy negotiation skillsThis skill goes hand in hand with communication skills. The ability to negotiate doesn’t just refer to the ability to get something at the cheapest possible price; negotiations usually involve conversations about quality, delivery date, future relations, and more. A good negotiator knows how to get the best value from a supplier while still maintaining a positive business relationship. Also, knowing when to take negotiations out of the boardroom and onto the golf course or into a more relaxed, social environment can be a key attribute as well.
3. Ability to prioritizeA great procurement professional knows how to prioritize. In a busy office, there will often be many fires that need to be put out all at once, so to speak. While the ability to multitask may come in handy, it’s absolutely useless if you don’t understand what tasks are more important than others. This skill can be honed with experience, but it may be difficult to teach. Being able to prioritize successfully means being able to efficiently analyze potential worse case scenarios and quickly rank which tasks need to be dealt with immediately and which can be put off until later.
4. IntegrityIntegrity is important to many professions, but it is especially important in procurement. Integrity means doing what you say and saying what you mean. Integrity helps professionals become leaders within the company and well respected by those they deal with outside the company. Integrity also implies a sense of reliability; if they say they will get the job done, they’ll do it.
5. A positive attitudeA positive, can-do attitude may be the most important attribute of all since it can’t be taught. Look for someone who approaches problems as exciting challenges rather than tedious tasks and views procurement as an essential component of the company rather than a necessary evil. If they don’t see their job as important, how will they convince colleagues in other departments to follow through with the procurement process?
I believe the question has two parts;
First one related to analyzing good Procurement officer. Frankly, I did not understand the meaning analyze. But if you mean assessing or evaluating. Then we can simply say that if a Procurement Officer can fulfil the 3 major procurement objectives; Requested/Better Quality, Best Offer (not only Price) and earliest delivery Time, then he is a good procurement officer.
For the second part, I think Mr.Nadeem has answered your question very nicely and briefly.
If I had to add any thing, it would be an emphasis on continuously developing your skills as Procurement Officer.