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Responsible for developing and executing procurement strategies that align with the organization's goals. This role involves managing supplier relationships, negotiating contracts, and ensuring the procurement process is efficient, cost-effective, and compliant with company policies. The Procurement Manager will drive continuous improvement initiatives within the procurement function to optimize the supply chain and enhance overall operational effectiveness.
Job Responsibility:
Develop and implement procurement strategies that align with organizational goals
Manage the procurement process from sourcing to contract negotiation and supplier management
Identify and evaluate potential suppliers, negotiating contracts to secure favorable terms
Monitor supplier performance and conduct regular assessments to ensure compliance with agreements
Collaborate with cross-functional teams to understand procurement needs and specifications
Analyze market trends and supplier pricing to make informed purchasing decisions
Maintain accurate records of procurement activities, contracts, and supplier information
Lead initiatives for cost reduction and process improvement in procurement operations
Ensure compliance with company policies, procedures, and regulatory requirements
Manage procurement budgets and forecasts to optimize financial performance
Develop and maintain strong relationships with key suppliers and stakeholders
Conduct regular market research to identify new products and suppliers
Prepare and present procurement reports and recommendations to senior management
Train and mentor procurement team members to enhance their skills and performance
Implement best practices and procurement standards across the organization
Coordinate with legal teams to review and finalize contracts with suppliers
Facilitate communication between suppliers and internal teams to resolve issues
Participate in supplier development initiatives to enhance capabilities and performance
Monitor inventory levels and coordinate with inventory management teams
Stay updated on industry trends, market dynamics, and emerging procurement technologies
Requirements:
Bachelor’s degree in business administration, Supply Chain Management, or a related field
4-5 years’ experience in procurement or supply chain management
Strong understanding of procurement regulations and best practices
Excellent analytical skills for evaluating supplier performance and market trends
Proven experience in leading procurement teams and managing supplier relationships
Strong background in contract negotiation and vendor management
Familiarity with procurement software and tools
Experience in developing procurement strategies and policies
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