Job Purpose: The Procurement Manager is responsible for overseeing the procurement process within TERM, ensuring that the acquisition of goods and services is conducted efficiently, cost-effectively, and in alignment with the company's objectives. This role involves managing supplier relationships, negotiating contracts, and ensuring the timely delivery of quality materials to support the company's production and operational needs.

Key Responsibilities:

Strategic Sourcing and Supplier Management:

• Develop and implement procurement strategies that align with the company's goals and objectives.
• Identify, evaluate, and manage relationships with suppliers to ensure high-quality products and services at competitive prices.
• Conduct regular supplier performance reviews and address any issues or discrepancies.

Contract Negotiation and Management:

• Negotiate contracts and agreements with suppliers to secure favorable terms and conditions.
• Ensure all contracts comply with company policies and legal requirements.
• Manage and oversee the renewal of existing contracts and agreements.

Procurement Planning and Execution:

• Develop and manage the procurement plan, ensuring timely acquisition of materials and services.
• Coordinate with internal departments to understand their procurement needs and requirements.
• Monitor market trends and conditions to make informed purchasing decisions.

Cost Control and Budget Management:

• Develop and manage the procurement budget, ensuring cost-effectiveness and adherence to financial targets.
• Identify cost-saving opportunities and implement measures to reduce procurement costs.
• Monitor and report on procurement expenditures and variances.

Quality Assurance and Compliance:

• Ensure all procured goods and services meet the required quality standards and specifications.
• Maintain compliance with company policies, industry standards, and regulatory requirements.
• Implement and enforce procurement policies and procedures.

Inventory Management and Optimization:

• Work closely with inventory management teams to maintain optimal stock levels.
• Implement inventory control procedures to minimize waste and reduce holding costs.
• Ensure the timely delivery of materials to avoid production delays.

Team Leadership and Development:

• Lead, mentor, and develop the procurement team, fostering a culture of continuous improvement and professional growth.
• Conduct performance reviews and provide feedback to team members.
• Identify training needs and opportunities for the procurement team.

Risk Management:

• Identify potential risks in the supply chain and develop strategies to mitigate them.
• Monitor and manage supplier performance to prevent disruptions in the supply chain.
• Develop contingency plans to address potential supply chain issues.