Procurement Manager

The Procurement Manager oversees and manages the company’s purchasing activities, establishes and implements purchasing policies, and ensures the timely acquisition of goods and services at the best possible price and quality.

Key Responsibilities:

1. Strategic Procurement Planning:

  - Develop and implement strategic procurement plans for cost-effective purchases.

  - Analyze market trends, supplier performance, and internal requirements to identify cost reduction and process improvement opportunities.

2. Supplier Management:

  - Identify, evaluate, and select reliable suppliers based on quality, price, and delivery speed.

  - Negotiate contracts and terms of agreement with suppliers to secure advantageous terms.

  - Monitor and evaluate supplier performance, addressing any issues or discrepancies as necessary.

3. Budget Management:

  - Develop and manage the procurement budget, ensuring optimal allocation and utilization of funds.

  - Track and report key functional metrics to reduce expenses and improve the effectiveness of the procurement process.

4. Process Improvement:

  - Streamline and optimize the procurement process to enhance efficiency and effectiveness.

  - Implement procurement best practices and procedures to ensure compliance with company policies and regulatory requirements.

5. Stakeholder Engagement:

  - Collaborate with internal stakeholders, including finance, operations, and inventory management, to understand and meet their procurement needs.

  - Provide timely and accurate information to support decision-making and strategic planning.

6. Risk Management:

  - Identify and mitigate procurement-related risks through effective planning and execution.

  - Establish and maintain a robust supplier risk assessment and management program.

7. Contract Management:

  - Oversee the preparation, review, and execution of procurement contracts and agreements.

  - Ensure compliance with contractual obligations and terms, and manage any contract disputes or renegotiations.

Qualifications:

- Bachelor’s degree in Business Administration, Supply Chain Management, or related field. Master’s degree preferred.

- Minimum of 5 years of experience in procurement or purchasing management, with a proven track record of success.

- Strong knowledge of procurement best practices, contract management, and negotiation strategies.

- Excellent analytical, problem-solving, and decision-making skills.

- Proficient in Microsoft Office and procurement software tools.

- Certified Purchasing Manager (CPM) or similar certification is a plus.

Procurement Activities, Procurement Functions, Procurement Management, Procurement Policies, Procurement Processes, Procurement Requests, Procurement Strategy, Purchasing Procurement, Procurement, Supplier Management, Process Improvement, Stakeholder engagement, Contract Management