A purchasing director typically has a wide range of responsibilities, which can include:
- Reviewing purchase orders to ensure they are in accordance with company policies and procedures
- Approving purchase orders prior to purchase of materials or services to ensure they meet all legal requirements
- Coordinating with insurance agents to ensure that the company has adequate insurance coverage for its commercial operations
- Negotiating prices with vendors to ensure that the company receives the best price possible for items being purchased
- Establishing relationships with suppliers who can provide quality products at a reasonable cost
- Reviewing financial statements and tax records to ensure that the company is in compliance with applicable laws
- Establishing contract terms with new vendors to ensure that the terms are fair for both parties
- Managing inventory levels to ensure that the company has sufficient materials to meet demand while avoiding overstocking that would result in wasted resources
- Negotiating contracts with vendors to ensure that they meet the company’s needs while protecting its interests
