Question

You are a CPA with no purchasing experience. How would you upgrade your skill set?

Answer 1

If you are a CPA with no procurement skill then by the difference measures you can update your skill. Purchasing skill or procurement skill is mixture of personal, operational and physiological skill. If you try to practice the following then you can upgrade your purchasing skills.

1. Practicing great relationship management : It means practicing good relationship inside the organization and outside the organization with team members and suppliers . Which makes the environment transparent and delivers almost everything what you expected.

2. Negotiating strong : It deliver real value to the business. It just not mean only searching your goals. It is the process of exploring the needs and aims the other party in meeting .At the time of negotiation also hear the part of others with flexibility .

3. Managing time : Time loss is avoidable. To get skill as a purchase expert, on time tender completion, supply in just in time is necessary .On time supply make the production running and on time supply of raw materials reduce the blockage of working capital in inventory . Today different e procurement tools like, Procurehere offer some help to reduce turnarounds and time loss.

4. Practicing strategic projection : It is all about thinking in advance which can adjust with future shocks and demand. It is basically your judgement to identify the probable impact of external factors on raw material supply. It may include sociocultural impact, economic impact and so on.

5. Positive thinking about change : Always be positive .Effective purchase or procurement means tapping the best possible opportunity. It allows you to lead the market . New opportunity may welcome you and can give you a way for getting first mover advantage. To take challenges ,thinking positively is required .