who is in charge of purchasing in a company
Purchasing manager A Purchasing Manager is an employee within a company, business or other organization who is responsible at some level for buying or approving the acquisition of goods and services needed by the company. Responsible for buying the best quality products, goods and services for their company at the most competitive prices, purchasing managers work in a wide range of sectors for many different organizations. The position responsibilities may be the same as that of a buyer or purchasing agent, or may include wider supervisory or managerial responsibilities. A Purchasing Manager may oversee the acquisition of materials needed for production, general supplies for offices and facilities, equipment, or construction contracts. A Purchasing Manager often supervises purchasing agents and buyers, but in small companies the Purchasing Manager may also be the purchasing agent or buyer. The Purchasing Manager position may also carry the title "Procurement Manager" or in the public sector, "Procurement Officer". He or she can come from both an Engineering or Economics background.
Bass Pro Shops In October 2016, Bass Pro Shops announced that they had reached a deal to acquire competitor Cabela's for $5.5 billion. The deal is being financed via preferred equity financing from Goldman Sachs and Pamplona. Goldman Sachs will contribute $1.8 billion towards financing and Pamplona will contribute the remainder for a total commitment of $2.4 billion.[13] The new entity is expected to be formed and in operation in Q1 or Q2 of 2017.[5] The new entity will keep Cabelaâ€™s base in Sidney and Lincoln, Nebraska. Morris will continue as CEO of the new entity. He will also be the majority shareholder of the new privately held entity. Tommy Milner stressed that the company had reviewed a range of options that would maximize value, with the board choosing to go the route of Bass Pro Shops.