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Purchasing Manager

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AVG. SALARY

$116,260

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EDUCATION

Bachelor's degree or higher +

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JOB OUTLOOK

Stable

Real-Life Activities

Real-Life Decision Making

A purchasing manager has a lot of on-the-job responsibilities. They look after huge volumes of materials coming into a firm and have to make decisions regarding purchasing, costs, cost control, budgeting and quality.

You are the purchasing manager for a large organization. You oversee the purchasing of a large number of products for a manufacturing plant. Your company manufactures doors, window frames and similar millwork products.

One day, the supervisor of the window frame department comes to see you. He is visibly upset and you soon find out why. In his hand he is holding a piece of wood. Even to your untrained eye you can see that it is of inferior quality.

Waving the chunk of wood at you, he demands to know what is going on. "How can I produce a quality product with junk like this?" he questions angrily.

Upon inspecting the wood, you feel your own anger rising. You have been dealing with the lumber manufacturer who supplied the wood for many years. You have been a good, reliable customer, providing them with a lot of business. You are surprised they would try to get away with this.

You'd like an explanation, but you're also thinking you should just take your business elsewhere. Another lumber manufacturer has been trying to interest you in their product. You could place an order with them and teach your old supplier a lesson at the same time. You might even get a cut rate since it would be your first order.

What are you going to do?

Contact

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  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.