PROCUREMENT MANAGER

As a Procurement Manager, you will be responsible for managing the procurement process to ensure the timely acquisition of goods and services required for the operation of the organization. You will develop and implement procurement strategies, negotiate contracts with vendors, and oversee the purchasing process from requisition to delivery. The ideal candidate will have excellent negotiation skills, strong analytical abilities, and a thorough understanding of supply chain management principles.

Responsibilities:

• Procurement Strategy:
• Develop and implement procurement strategies aligned with organizational goals and objectives.
• Identify opportunities for cost savings, process improvements, and supplier consolidation.
• Collaborate with key stakeholders to understand their procurement needs and requirements.
• Vendor Management:
• Identify and evaluate potential suppliers based on quality, cost, reliability, and other factors.
• Negotiate contracts, terms, and pricing agreements with vendors to ensure favorable terms for the organization.
• Maintain relationships with key suppliers and monitor their performance against established metrics.
• Purchasing Process:
• Oversee the procurement process from requisition to purchase order issuance to ensure timely delivery of goods and services.
• Review purchase requests and determine the most appropriate procurement method (e.g., RFQ, RFP, sole-source).
• Ensure compliance with procurement policies, procedures, and regulatory requirements.
• Inventory Management:
• Work closely with inventory management teams to optimize inventory levels and minimize stockouts and excess inventory.
• Monitor inventory levels and usage patterns to identify opportunities for inventory optimization.
• Contract Management:
• Manage contract lifecycle from negotiation to renewal, including contract drafting, review, and execution.
• Monitor contract performance and compliance with terms and conditions.
• Identify and mitigate risks associated with contract non-compliance or supplier performance issues.
• Cost Analysis and Reporting:
• Conduct cost analysis to identify cost-saving opportunities and track procurement savings.
• Prepare and present procurement reports and metrics to management on a regular basis.
• Analyze procurement data to identify trends and patterns and make data-driven decisions.

Qualifications:

• Bachelor’s degree in business administration, Supply Chain Management, or related field; Master’s degree preferred.
• 10+ years of experience in procurement or supply chain management roles in a managerial or supervisory position.
• Strong negotiation skills and experience in contract negotiation and vendor management.
• Proficiency in procurement software and tools (e.g., SAP, Oracle, Netsuite).
• Excellent analytical and problem-solving skills.
• Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
• Knowledge of procurement best practices, regulations, and compliance requirements.