Strategic procurement manager at hewlett-packard: a comprehensive guide

If you are interested in a career as a strategic procurement manager at Hewlett-Packard (HP), you've come to the right place. In this article, we will explore the role of a strategic procurement manager at HP, the responsibilities involved, the salary expectations, and the qualifications and skills required to excel in this position. Whether you are a recent graduate or an experienced professional looking for a new challenge, this guide will provide you with all the information you need to pursue a successful career as a strategic procurement manager at HP.

What Does a Strategic Procurement Manager Do?

A strategic procurement manager is responsible for sourcing and purchasing the best quality equipment, goods, and services at competitive prices. At HP, as a strategic procurement manager, you will be directly involved in the sourcing and purchasing of various products and services, including components for product manufacturing, products for sale, goods and services for internal use, and marketing and advertising services. Your role will also involve supplier sourcing, contract drafting, negotiation, and managing suppliers throughout the procurement process. Additionally, you will be responsible for ensuring sustainability, risk management, and ethical considerations in the procurement process. By effectively managing procurement, you will contribute to cost savings, waste reduction, and increased profits for the company.

Responsibilities of a Strategic Procurement Manager at HP

As a strategic procurement manager at HP, your responsibilities will include:

• Forecasting levels of demand for services and products
• Conducting research to source the best products and suppliers in terms of value, delivery schedules, and quality
• Running tenders, evaluating bids, and making recommendations based on commercial and technical factors
• Negotiating and agreeing on contracts, and monitoring the quality of service provided
• Building and maintaining good relationships with suppliers
• Managing and motivating a team of procurement staff
• Liaising between suppliers, internal teams, and customers
• Developing strategies to achieve cost savings and supplier performance targets
• Undertaking value for money reviews of existing contracts and arrangements
• Ensuring the security and sustainability of essential product and service sources
• Forecasting price trends and their impact on future activities
• Presenting market analysis and growth opportunities
• Implementing a procurement strategy
• Producing reports and statistics on spending and savings
• Keeping up to date with industry trends, innovations, regulations, and new technologies
• Training junior members of staff

Salary Expectations for a Strategic Procurement Manager at HP

The salary for a strategic procurement manager at HP can vary based on several factors such as experience, location, sector, company size, and professional qualifications. According to the 2021 CIPS/Hays Procurement Salary Guide, the average salary for all procurement and supply professionals is £47,43At entry level, a graduate or trainee buyer can expect to earn around £25,000, while procurement managers earn an average of £47,523, with the potential to earn up to £160,000 in senior roles. It is important to note that these figures are intended as a guide and actual salaries may vary.

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Qualifications and Skills Required

To excel as a strategic procurement manager at HP, you will need the following qualifications and skills:

• A relevant degree in business, economics, engineering, marketing, or supply chain management
• Strong written, verbal, and presentation communication skills
• Excellent negotiation skills for obtaining the best price and value for money
• Commercial and financial awareness to manage budgets and costs effectively
• Analytical ability to identify business needs and make informed decisions
• Interpersonal and relationship management skills to collaborate with internal and external teams
• Numeracy skills for analyzing data and making informed decisions
• Leadership and motivation skills to manage a team
• Problem-solving and strategic thinking abilities
• Time management skills and the ability to work under pressure
• Resilience and adaptability

Career Development and Prospects

A career as a strategic procurement manager at HP offers excellent opportunities for career development. Graduates can join HP's graduate training scheme, which typically lasts 18 months to three years and provides practical on-the-job training and the opportunity to work towards professional membership of the Chartered Institute of Procurement & Supply (CIPS). Experienced professionals can progress to senior roles such as senior buyer, procurement manager, procurement director, head of procurement, or chief procurement officer. Specializing in a specific area such as IT, facilities management, or travel can also open up new opportunities. Additionally, there may be opportunities for international travel and working with multinational organizations as supply chains become increasingly global.

If you are interested in a challenging and rewarding career as a strategic procurement manager at Hewlett-Packard (HP), this guide has provided you with a comprehensive overview of the role, responsibilities, salary expectations, qualifications, and skills required. By effectively managing procurement, you will contribute to the success of HP by ensuring the best quality products and services are sourced at competitive prices. With opportunities for career development and the potential for international exposure, a career as a strategic procurement manager at HP can be a fulfilling and lucrative choice. Start your journey today and explore the exciting opportunities available at HP.

Q: What is the role of a strategic procurement manager at HP?

A: A strategic procurement manager at HP is responsible for sourcing and purchasing the best quality equipment, goods, and services at competitive prices. They are involved in supplier sourcing, contract negotiation, and managing suppliers throughout the procurement process.

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Q: What are the salary expectations for a strategic procurement manager at HP?

A: The salary for a strategic procurement manager at HP can vary based on factors such as experience, location, sector, company size, and professional qualifications. According to the 2021 CIPS/Hays Procurement Salary Guide, the average salary for all procurement and supply professionals is £47,43

Q: What qualifications and skills are required to become a strategic procurement manager at HP?

A: To excel as a strategic procurement manager at HP, you will need a relevant degree in business, economics, engineering, marketing, or supply chain management. Additionally, strong communication, negotiation, analytical, and leadership skills are essential.

Q: What are the career prospects for a strategic procurement manager at HP?

A: A career as a strategic procurement manager at HP offers excellent opportunities for career development. Graduates can join HP's graduate training scheme, and experienced professionals can progress to senior roles such as senior buyer, procurement manager, or procurement director.

Q: Why should I consider a career as a strategic procurement manager at HP?

A: A career as a strategic procurement manager at HP offers a challenging and rewarding opportunity to contribute to the success of a global company. With the potential for career development, competitive salaries, and international exposure, it can be a fulfilling and lucrative choice.

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