What makes the exciting world of procurement the perfect place for a curious engineer?
Some people begin their procurement careers with a big bang. Others start theirs with lots of sweat and toil. I started mine with a freak event. I was an Accidental Procurement Engineer.
Since this freak event, I have never looked back. I went on to have a fifteen-year career that would take me across North America, the Middle East, Europe and Asia. Now I work on improving the Procurement experience with the software solution, POOL4TOOL.
Procurement is an ideal career for an engineer at the beginning or in the middle of their career, especially if you’re looking for a little more from life.
Procurement by Accident
Let’s start with the freak event. I was working for a large multinational company headquartered in France. My job was based in Turkey and was technical. It also happened to be the first job I had after the completion of my engineering degree in France.
Following Turkey’s 2001 economic crisis, the stock market crashed and the interest rate shot up to 3000 per cent. There was an immediate slowdown in our business activities and an immediate impact on my income.
The Turkish Lira lost approximately 50 per cent of its value against foreign currencies which meant that, in one day, I had lost 50 per cent of my salary against the French Franc.
These circumstances, of course, made me consider leaving Turkey. I got help from the local management who took my CV and forwarded it to their network in the company.
Among the proposals was the offer of a position in Procurement for manufacturing plants in France. I knew nothing about Procurement so I rushed to the office of the Purchasing Manager in the Turkish plant and within two hours had made my decision.
I was going to become a Procurement professional! It was a perfect career move: an ideal profession for the Curious Engineer.
The Curious Engineer
In recent years it has become evident that Procurement is an ideal professional path for engineers. Many people choose to embark on this path at the start by studying Supply Chain Management.
More and more mechanical engineers are coming into the profession and the Head of Material Flow & Logistics at the famous Fraunhofer Institute has even campaigned for there to be educational opportunities for Procurement Engineers.
What makes Procurement a great career path for engineers? The field of engineering attracts curious people and, whilst many engineers are curious about how things work, some have an even broader scope of curiosity.
They are interested in a wide range of fields and want to pick up skills outside of what is normally associated with engineering.
Procurement and Supply Chain gives these people the opportunity to exercise their technical knowledge but also allows them to follow market and business developments and develop networking and people skills. It’s a place to use both your right and left brain.
The Pros of Procurement
1. Procurement is a Great Place to Use Technical Knowledge
A technical background is a clear advantage in direct procurement, in fields such as discrete manufacturing. It’s important to understand how your company’s product is made and what material properties and specifications are needed and why.
Moreover, a technical background gives you insight into quality management and standards. Be it consumer goods or automotive industries, understanding quality standards is useful when it comes to sourcing parts and selecting the right suppliers.
2. Procurement Satisfies Your Analytical Side
Engineers are trained to be analytical and data-driven. We design and then we implement – with analysis being a key preparation process of the design. Procurement and supply chain produces a vast amount of data to analyse.
In this profession, you collect and analyse data to then be able to make optimum sourcing decisions, be it operational or strategic. You also need to calculate hidden costs and incorporate business priorities and market behaviour into your decisions.
3. Procurement Takes the Curious Engineer Into an Exciting World
Procurement gives you the chance to add to your knowledge and skills well beyond traditional engineering. It requires you to hone your people and networking skills.
This means managing not only suppliers, but also relationships with other departments. It requires sales skills: selling change and ideas to your colleagues across the organisation. And, of course, a whole new set of skills comes in with Change Management.
I’m a huge advocate for engineers considering procurement careers as a serious option. It will be interesting to see if more educational and training opportunities come up for this kind of talent in the future and how that changes peoples interest in the function.
Bertrand Maltaverne is Senior Business Consultant and Product Marketing and Content Manager (Int’l) at POOL4TOOL. POOL4TOOL is the market leader for electronic process optimisation in direct procurement.