Acquisition managers oversee a company’s purchasing activities. Their role involves finding and researching prospective purchase deals, negotiating the purchase terms and contract, implementing, and finalizing the purchase. They are employed in diverse industries, typically work 40 or more hours a week in an office environment, and may be required to travel occasionally. Employers seek individuals with strong leadership, analytical, negotiation, computer, and finance skills. Candidates with experience in project management and areas such as consulting, mergers and acquisitions, and corporate development are preferred.
Acquisition Manager Duties and Responsibilities
Acquisition managers work in a wide range of industries and may be responsible for varying types of purchases accordingly. Generally, they have common core tasks that they are responsible for regardless of the employing industry. A list of these duties has been compiled and provided below.
Acquisition managers review potential or proposed acquisitions to ensure that they are a good fit for the company strategically and financially.
They negotiate contract terms and purchase price in order to get the best possible deal for their company while also making sure it is beneficial to the seller.
To help ensure continued growth and profitability, acquisition managers create long term purchasing strategies. These strategies also aid in the decision-making process as it relates to acquisitions.
Produce and Maintain Reports
Company executives frequently review analysis, deal prep, and inventory management reports prior to and after acquisitions. Acquisition managers are responsible for creating and maintaining these reports.
Acquisition managers keep record files that include: items purchased, item costs, inventories, and product performance.
Functions : Human Resources
Industries : Import/Export
Skills/Roles I hire for: IT
level Hiring For: Junior Level, Mid Level
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