What does a Procurement Agent do?

Procurement agents make purchases for businesses and ensure that business benefits from the products and services needed to efficiently carry out their tasks. They stay up-to-date with the latest market trends and collaborate with suppliers to negotiate prices and contracts. Procurement agents make profitable strategies for companies and are effective negotiators with an analytical approach.

Procurement agents look to save a client money while ensuring quality goods are supplied that meet the client's needs. They oversee supplier-related activities, paying attention to their performance and ensuring they meet compliance. If issues arise, they coordinate with companies to resolve them, negotiate with suppliers to determine preferable contract terms, or secure a better price. They implement negotiation techniques to efficiently and professionally communicate with outside companies and prepare and submit detailed reports highlighting revenue or expenditures from records maintained and updated regularly throughout the process. Procurement agents manage and develop relationships with suppliers and clients and ensure the quality of the goods and delivery, and the terms of contracts are met and need a minimum bachelor's degree in business administration or related fields.

What responsibilities are common for Procurement Agent jobs?
  • Prepare records of materials shipped, including bills of lading.
  • Provide global expertise and support with data mining, analysis, and reportings.
  • Develop and implement cost savings projects and financial forecasting.
  • Lead cyclical sourcing events, as well as mid-contract negotiations, as needed.
  • Provide vendor and Subcontract sourcing and pricing for Requests for Quotes (RFQ's), as requested.
  • Functional oversight of utility bill processing, reconciliation, and payment.
  • Maintain positive customer and vendor relationships.
  • Support in developing and delivering against the long term procurement strategy.
  • Communicate with suppliers to address and improve performance concerns.
  • Analyze information to assess root cause, improvement opportunities, and associated risk.
  • Ensure timely and effective completion of projects and initiatives of the supply chain department.
  • Prepare or review bid forms and prepare bid deposits.
  • Initiate and lead continuous improvement efforts to improve cost of goods.
  • Contact vendors to solicit bids for purchases of supplies and equipment.
  • Consult with internal customers to resolve supplier performance issues.
  • Compare suppliers' bills with bids and purchase orders to verify accuracy.
  • Manage relationships with key large suppliers for multiple programs.
  • Process PO change orders or updates for shipping/fees as needed.
  • Develop policies and procedures for the operation of procurement activities.
What are the typical qualifications for Procurement Agent jobs?
  • Bachelor's Degree in business or computer science.
  • Proficient with Microsoft Office Suite, particularly Excel and Outlook.
  • Experienced with enterprise resource planning programs and tools.
  • Comfortable with manage RFI/RFP processes.
  • Budget planning experience.
  • Familiarity with common procurement systems.
  • Able to oversee negotiations.
EducationBachelor's Degree
Work/Life Balance
3.5 ★
Salary Range--
Career Opportunity
3.5 ★
Avg. Experience2-4 years

Procurement Agent Salaries

Average Base Pay

₹4,31,936 /yr
Same as national average
Not including cash compensation
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Not enough salaries reported to show distribution
₹3L
Median: ₹4L
₹6L
See More Insights
Glassdoor Estimated Salary

Procurement Agent Career Path

Learn how to become a Procurement Agent, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

L2
Procurement Agent
₹4,31,936/yr
L3
Senior Procurement Agent
No Salary Reports
L4
Procurement Agent IV
No Salary Reports
L2

Average Years of Experience

0 - 1
26%
2 - 4
48%
5 - 7
16%
8+
10%
Not including years spent in education and/or training
See Career Path

Procurement Agent Insights

Read what Procurement Agent professionals have to say about their job experiences and view top companies for this career.
Homes Connect
GM Procurement
28 Jul 2021

“Every thing is good in this company besides its far away my residence and main reason is to give late salary”

Ferrara Candy CompanyFerrara Candy Company
Procurement Manager
6 Jun 2022

“It felt very disjointed and I didn't see a clear strategy or objective the entire org was working towards.”

Wells FargoWells Fargo
Procurement/Buyer
10 Oct 2021

“It's really a good place as well as the right place to work with.”

BioProcureBioProcure
Procurement Specialist
13 Oct 2021

“This is a great opportunity for someone just getting out of school or undergoing a career change.”

Mah Sing GroupMah Sing Group
Procurement Specialist
2 Apr 2022

“No way to climb up the career leader unless your reporting manager quit their job.”

St Albans City & District CouncilSt Albans City & District Council
Procurement Officer
4 Jun 2021

“No route for progression or increase in salary once you reach the top of the pay scale.”

EcolabEcolab
Senior Procurement Specialist
11 May 2021

“Competitive benefits with multiple resource groups that will guide you through your career within Ecolab.”

Sinclair Broadcast GroupSinclair Broadcast Group
Procurement Specialist
16 Jun 2022

“It's less money than I was making at my last job but work life balance is much better.”

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Procurement Agent Interviews

Frequently asked questions about the role and responsibilities of procurement agents

Procurement agents are in charge of requisitioning a company's materials. A typical day often involves carefully picking the sources and negotiating with suppliers to get competitive wholesale prices. Procurement agents ensure that suppliers comply with their employers' quality standards. They solve shipment issues and pay the suppliers.

A procurement agent usually holds an administrative role that doesn't require physical labor. Occasionally you might go on business trips to meet with suppliers and check up on quality control. It's a good career for people interested in knowing where the merchandise comes from and who have the patience to follow up on every step of the procurement process.

Prospective candidates can look forward to an average salary for procurement agents of ₹4,31,936 per year. As you develop your presentation skills and risk analysis capabilities, your base salary will go up. Employers expect procurement agents to be convincing negotiators. Experience is the key to improving your financial prospects.

Working as a procurement agent gets difficult when you have to track multiple supply chains at once. It can be hard to find alternatives to rare products and meet tight deadlines when suppliers encounter circumstances beyond their control. Procurement agents have to continuously study market conditions to coordinate global supply chains.

Related Careers

Procurement Analyst
₹5,10,204
No skills overlap
Purchasing Agent
₹10,03,067
63% skills overlap
Operations Manager
₹9,00,000
No skills overlap
Supply Chain Manager
₹12,03,354
13% skills overlap

Procurement Agent jobs