6 Reasons to Choose a Career in Procurement
Six reasons why a career in procurement is a great professional choice and how it can provide you with a fulfilling and rewarding future.
By Hugo Britt | June 1, 2023
Are you a recent graduate seeking a career path that combines strategic decision-making, problem-solving, and impactful negotiations? Look no further than procurement! Often overlooked, procurement offers a world of opportunities for young professionals looking to make a difference in the business world.
Choosing a career in procurement
Many procurement practitioners will tell you they didn’t seek out a career in procurement; procurement found them. Some of those same practitioners will also tell you that after experiencing and understanding procurement’s crucial role in the success of an organization, they couldn’t imagine any other path.
In this article, we explore why procurement is a great professional choice and how it can provide you with a fulfilling and rewarding career.
Whether you seek out a job in procurement or fall into it by chance, here are 6 reasons why it's a great professional choice that can lead to a fulfilling and rewarding career.
Procurement allows you to find a sense of purpose
Research has shown that a sense of purpose is a crucial element of job satisfaction. For many, this purpose comes from knowing the work you are doing really matters and is making a genuine impact for the organization. Having a sense of purpose creates a sense of pride in your work, keeping you satisfied, engaged, energized, and committed.
Procurement professionals play a vital role in shaping the success of organizations. By strategically managing the acquisition of goods and services, they have the power to optimize costs, enhance operational efficiency, and boost overall profitability.
As a procurement specialist, you’ll be at the forefront of critical decision-making processes, collaborating with stakeholders, analyzing market trends, and designing procurement strategies that align with business objectives. This level of responsibility allows you to make a tangible impact and drive meaningful change within an organization.
No two days are the same in procurement
Here’s a great piece of career advice: avoid jobs that involve doing the same manual and repetitive tasks day after day. These types of jobs quickly become boring, draining your energy, engagement, and stifling innovation.
Luckily, procurement is a dynamic field that presents an ever-changing landscape of challenges and opportunities. From supplier relationship management and global sourcing to risk assessment and sustainability initiatives, each day brings new hurdles to overcome.
This constant evolution ensures that your work remains engaging and intellectually stimulating. As a procurement professional, you’ll need to think critically, adapt to market fluctuations, and navigate complex supply chains, honing your skills and expanding your knowledge base along the way.
Become a negotiation guru through procurement
One of the most exciting aspects of procurement is the art of negotiation. Whether it’s securing favorable contracts through the power of volume purchasing, driving down costs, or collaborating with suppliers, negotiation skills are the secret sauce that propels successful procurement professionals.
This aspect of the job offers endless opportunities for personal and professional growth, enabling you to sharpen your communication, persuasion, and problem-solving abilities. The thrill of reaching win-win agreements and fostering long-term partnerships can be incredibly rewarding.
Procurement provides a global outlook
Expand your horizons. Procurement transcends geographical boundaries, making it an ideal choice for individuals with a global mindset. In today’s interconnected world, organizations are expanding their operations internationally, requiring procurement professionals who can navigate the complexities of sourcing from diverse markets.
This opens doors for exciting travel opportunities, cross-cultural exchanges, and exposure to a wide range of business practices. As a procurement professional, you’ll gain a broader perspective and develop valuable intercultural skills that are highly valued in today’s global marketplace.
Make a real impact in ESG and sustainability
Procurement is not just about reducing costs; it’s also about driving innovation and embracing sustainable practices. As the profession evolves, procurement professionals are increasingly tasked with identifying and collaborating with suppliers who align with environmental, social, and governance (ESG) principles.
By integrating sustainability into procurement processes, you can contribute to the greater good and make a positive impact on society. This aspect adds purpose and fulfillment to your career, knowing that your work contributes to a better future.
From finding a sense of purpose and developing essential skills to making an impactful difference when it comes to sustainability efforts, procurement offers a wide range of opportunities for professionals seeking a career path.
Procurement is a great career move
Are you planning to become a CEO in the future? Procurement serves as an excellent foundation for aspiring executives, providing valuable skills and experiences that can propel you towards leadership roles. As a procurement professional, you’ll develop a holistic understanding of the business, collaborating with cross-functional teams, managing budgets, and influencing key stakeholders. This exposure to different aspects of the organization positions you as a strategic thinker with a broad business perspective.
Moreover, the ability to drive cost savings, mitigate risks, and deliver value demonstrates your aptitude for managing complex projects and making impactful decisions – qualities highly sought after in executive leadership positions. Many successful executives including Apple’s Tim Cook have begun their careers in procurement and supply, using their expertise to rise through the ranks and shape the strategic direction of organizations.
Choosing a career in procurement opens up a world of possibilities for graduates and those looking to make a career change. It combines strategic decision-making, negotiation prowess, global outlook, and the opportunity to make a tangible impact on organizations.
From embracing challenges to driving innovation and sustainability, procurement offers a dynamic and fulfilling career path. So, if you’re looking for a profession that combines business acumen, personal growth, and a dash of excitement, procurement might just be the perfect fit for you.
Are you trying to jumpstart procurement at a new organization? Download Una’s playbook for more advice and actionable takeaways to make a big impact within your first 90 days in a new role.