Professional Documents
Culture Documents
Strategic Procurement
Strategic Procurement
Strategic Procurement
INTRODUCTION
The company that I have selected for the purpose of this assignment is Farm Credit Canada
(FCC). The company currently has an open position available on the indeed website seeking to
employ Procurement and Vendor Manager and so this paper incorporates research on FCC as an
organization as well as the functions of the Procurement and Vendor Manager as relates to the
FCC is a federal financial organization that serves the people in Canada and reports its activities
to the government of Canada (Farm Credit Canada, 2021). The company provides expertise,
clients all around Canada (Farm Credit Canada, 2021). The organization has a population of over
2,100 workers and has 101 offices in diverse locations in Canada of which ninety-nine offices
are typically situated in some villages in Canada, a headquarters located in Regina, SK, where
the services of a Procurement and Vendor Manager is needed now, and an office in charge of
The mission and vision of the company provide guidance in terms of offering best business
practices, promoting the most appropriate means of serving the customers of the organization,
and assisting the agriculture and agri-food sector in Canada (Farm Credit Canada, 2021).
making available unique and modified enterprises and monetary service industries and materials
that will aid in agricultural activities that include farms own by families and small to medium
sized enterprises whose activities affects farmers dwelling in the rural areas (Farm Credit
Canada, 2021).
The vision of the company is: to retain the trust that the entire agriculture and the food value
financial services, materials and expertise that is customized to operators in agribusinesses and
manufacturers; to continue to make their clients believe in the company without thinking of
parting away from the center of the company’s activities; to sustain its social and environmental
responsibilities; to make it affordable for clients and enterprises to undertake business ventures;
and to maintain its financial strength and persist in investing in agriculture and the food sector
Five roles that the Procurement and Vendor Manager will play when selected with regards to the
Firstly, the Procurement and Vendor Manager will be managing procurement activities like
Secondly, the procurement expert will be managing and assisting in procurement and sourcing
Moreover, the Procurement and Vendor Manager will render advice regarding policy, law and
procedure interpretations.
Furthermore, the successful procurement professional will establish and control procurement and
Finally, the Procurement Manager will be coming up with strategies in alignment with the goals
of the organization.
ROLES AND FUNCTIONS OF THE PROCUMENT MANAGER AS RELATE TO
STRATEGIC PROCUREMENT LEARNING OBJECTIVES
Three duties that relate to the learning objectives that have been covered in the Strategic
Procurement course with reference to the job advert include the following.
1. Managing procurement activities like executing RFI, RFP, and RFQ. As a procurement
information (RFI), request for proposal (RFP) or Request for quotation (RFQ) from
2. Coming up with strategies in alignment with the goals of the organization. The onus lies
on the procurement manager to strategically select suppliers who will provide an efficient
and effective service to the organization in terms of procured products. The procurement
are kind of functional strategies within the business and correspond to the strategies or
goals of the company. For instance, if the strategy of the company is to acquire money by
utilizing the strategy of differentiation, then the procurement manager must comply with
that decision to achieve the quality of the product needed without compromising it with
inferior products that are low priced. Conversely, if the organization needs low priced
products to achieve profit for the company, then the procurement manager will have to
3. Managing and assisting in procurement and sourcing functions for business units within
the organization. The procurement manager must be able to apply the strategic sourcing
process to the organization so that FCC will obtain the right products and services from
the best suppliers and maintain a long-term relationship with the suppliers. The
procurement expert should be able to build a procurement team from the cross functional
areas of the organization, execute market research on the right products and services
needed, develop a strategy for the requirements, negotiate a win-win contract with the
selected supplier, and finally ensure supplier relationship management. This will help the
company to run smoothly and ultimately achieve profit since it is the aim of every
The qualifications and designations that FCC highlighted in the job advert that the potential
1. The individual should be able to build relationships in the organization and comprehend
the obligations that exist within the partner groups in the company.
3. The person must be self-initiator who can adapt to changes and inventions.
5. The kind of designations that the company is looking for are individuals who have a
that individual to be selected for the post of the Procurement and Vendor Manager at FCC is
Supply Chain Management Post-Graduate certificate. To gain admission to pursue this program
an individual must have completed a bachelor’s degree and is proficient in the English language.
The duration of the program eight months and the required courses that are offered in the
Management, Marketing Management, Information Systems, and Logistics and Distribution. The
certificate achieved from successfully completing this program is extremely credible since the
program has been certified for further study in achieving the Supply Chain Management
CONCLUSION
is the need to complete a certificate or a degree in business related programs especially in supply
chain management. After completion, the individual needs to search for job opportunities from
career websites and when the person finds a job advert the he or she is interested, the person has
to research on the company that is seeking the procurement professional to have knowledge
about the company. This will help in ascertaining whether the person truly will be willing to
https://ca.indeed.com/jobs?q=procurement%20manager&l=Regina%2C%20SK&vjk=765cd4710
bc95ce8
of Business. https://saskpolytech.ca/programs-and-courses/programs/Supply-Chain-
Management.aspx