- Develop, lead and execute purchasing strategies
- Track and report key functional metrics to reduce expenses and improve effectiveness
- Craft negotiation strategies and close deals with optimal terms
- Partner with stakeholders to ensure clear requirements documentation
- Forecast price and market trends to identify changes of balance in buyer-supplier power
- Perform cost and scenario analysis, and benchmarking
- Assess, manage and mitigate risks
- Seek and partner with reliable vendors and suppliers
- Determine quantity and timing of deliveries
- Monitor and forecast upcoming levels of demand
- Implement procurement systems and tools to streamline processes and enhance efficiency.
- Source and negotiate with potential suppliers, assess their capabilities and evaluate their suitability based on predefined criteria.
- Manage supplier relationships, including regular communication, performance evaluations and issue resolution.
- Collaborate with internal stakeholders to understand their requirements and develop procurement plans accordingly.
- Analyse inventory levels, demand forecasts and consumption patterns to optimise stock levels and reduce carrying costs.
- Continuously evaluate and improve procurement practices, including identifying cost-saving opportunities and process enhancements.
- Prepare and present reports on procurement activities, performance metrics and cost savings to higher management.
- Develop and maintain procurement metrics to track performance, identify areas for improvement and report on sourcing effectiveness.
- Implement sustainable and socially responsible strategic sourcing practices, including supporting local suppliers and promoting ethical sourcing.
- Stay updated on regulatory requirements and ensure compliance with applicable laws and regulations related to sourcing activities.
Proven working experience as Purchasing Manager, Senior.Familiarity with sourcing and vendor managementInterest in market dynamics along with business senseA knack for negotiation and networkingWorking experience of vendor management softwareAbility to gather and analyse data and to work with figuresSolid judgement along with decision making skillsStrong leadership capabilitiesBS degree in supply chain management, logistics or business administration