Purchasing coordinators are responsible for all aspects of an organization's purchasing. They must identify what products are to be purchased, working closely with other departments in the organization and customers to determine current and future purchasing needs. Then, purchasing coordinators must identify the best supplier for their needs; they compare prices, investigate quality issues, and research delivery times for each supplier and weigh these aspects with the organization’s needs to determine the best supplier for each item. Finally, upon delivery, they confirm all purchases and resolve any delivery failures.Purchasing coordinators typically work in a warehouse environment or, occasionally, in an office environment. They must work closely with project managers and warehouse managers to ensure the proper flow of inventory and items to keep the organization functioning without overstocking. Their typical day involves placing orders and contacting suppliers, meeting with customers or organizational members to determine needs, and inspecting orders that arrive at the warehouse. This is a dynamic position, and purchasing coordinators must be able to respond to changes quickly and effectively to inventory is properly maintained and workflow continues uninterrupted.Purchasing coordinators are required to hold at least a high school diploma or equivalent. In some cases, a college degree is preferred, although equivalent experience in the field is usually accepted. To reach the coordinator level in certain industries, they must have experience in purchasing in a closely related field. Strong negotiation and communication skills are required to work with suppliers and secure the best deals for the organization.

The Purchasing/Inventory Coordinator role in Canada is expected to experience steady growth in the market. Over the past 10 years, this job has seen consistent demand due to the increasing importance of efficient inventory management and cost control. According to Google's data, the projected growth for this position is expected to continue over the next decade. As businesses expand and logistics become more complex, the need for skilled professionals in purchasing and inventory coordination will rise. Therefore, a significant number of employment opportunities are likely to be available in the future for individuals pursuing a career in this field.

How to Learn

As a Purchasing/Inventory Coordinator with 6-9 years of experience in Canada, your main responsibilities include:<ul><li> Manage procurement activities, such as sourcing suppliers, negotiating contracts, and ensuring timely delivery of goods and services. You will be responsible for overseeing the purchasing process, from identifying reliable suppliers to negotiating favorable terms and ensuring on-time delivery.</li><li> Develop and implement inventory management strategies to optimize stock levels and minimize costs. Your role involves analyzing demand patterns, conducting inventory audits, and implementing efficient strategies to reduce stockouts and excess inventory.</li><li> Coordinate with internal teams to forecast demand, plan production schedules, and maintain accurate inventory records. Collaborating with various departments, you will gather input on future demands, coordinate production plans, and maintain accurate inventory data to facilitate smooth operations.</li><li> Conduct regular analysis of purchasing and inventory data to identify cost-saving opportunities and improve overall supply chain efficiency.</li></ul>

Roles & Responsibilities

Average take home Salary for a Purchasing / Inventory Coordinator in Canada is around C$56055 per year

Salary Breakup

The purchasing coordinator is responsible for the entire process of purchasing for an organization. They need to determine what items will be purchased and work closely with other departments within the company and with customers to assess the current and future needs for purchasing. Then, the purchasing coordinators have to determine the most suitable supplier for their requirements. They examine prices, research issues with quality, and study the delivery time of each supplier and weigh these factors against the needs of the company to decide the most suitable supplier for every product. After delivery, they verify the purchase and address any issues with delivery.

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Purchasing / Inventory Coordinator

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