Procurement Manager
5 months ago
**Responsibilities**:
- Develop and implement comprehensive procurement strategies for material sourcing, supplier performance, and cost optimization.
- Conduct market research to identify and qualify potential suppliers.
- Negotiate and secure favorable pricing, terms, and conditions with suppliers.
- Develop and implement processes for cost reduction, rebate management, and cost-saving initiatives.
- Lead and manage the procurement team, providing coaching, mentoring, and performance feedback.
- Monitor and analyze price variations to identify cost-saving opportunities.
- Review and evaluate supplier selection processes and criteria.
- Manage and negotiate critical projects to ensure their successful completion within budget and timeline.
- Oversee vendor-managed inventory (VMI) and cost-saving projects.
- Review and approve all purchase orders (P/O) in accordance with company policies and procedures.
- Prepare and present monthly performance reports to the procurement Group Manager.
- Monitor and track supplier delivery and quality performance against agreed-upon metrics.
- Identify and implement strategies to improve supplier performance.
- Develop and foster strategic partnerships with key suppliers.
- Conduct supplier audits to assess compliance with quality, safety, and ethical standards.
- Review and estimate the annual procurement budget.
- Identify and propose opportunities for improvement within the procurement function.
- Negotiate project contracts, including cost and payment terms.
- Provide support to other departments as assigned, meeting their needs and requests efficiently.
- Assess the training needs of procurement team members and recommend appropriate programs.
Requitements:
- Bachelors degree in business administration, supply chain management, purchasing, or a related field.
- Minimum of 3-5 years of experience in a procurement role, with demonstrated success in strategic planning, supplier management, and cost reduction.
- Strong analytical and problem-solving skills.
- Excellent negotiation and communication skills, both written and verbal.
- Ability to work independently and as part of a team.
- Proficient in MS Office Suite and procurement software.
- Experience with VMI and cost-saving projects is a plus.
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