Purchasing involves a chain of functions, each very crucial to the goal of effecting the final product. Surveying the market of suppliers thoroughly, assessing and comparing the prices and finally outsourcing of the qualitative raw materials (industrial or FMCG) at the most economic rates possible from the market.

The Purchase and Supply Industry is growing at a rapid pace. There are a huge number of opportunities in this industry and these are dependent on individual performances and merits. Globalisation and Technological advancements have increased the demand of goods and services in all industries and there is an ever-increasing demand of requisite skills.

Purchases for home industries or for the exports of finished goods requires a shrewd mind to study the changing economy, the demand and supply curves and other related factors.. The core activity of this industry is to identify the needs of the clientele and be able to procure the same through the supply chain at the most competitive rates. However quality is something which does not have to be compromised especially when it comes to superior quality goods or export products.

Value for money, speedy deliveries and minimal risk factors are the key features of this industry and one needs to be an immensely good negotiator to get the best bargain in the purchase process.

career include that of Principal Buyers, Purchasing Managers, Territory Managers, Import & Export Executives & Managers.

There are specialised degree courses in Purchase and Sales Management diploma courses in Import & Export Management. One can also start on an apprenticeship and hone their skills in specialised divisions of this industry.

An analytic and observant mind which can guage the economic trends and changes add to a person’s qualifying and existing attributes.