- Strategy Development and Execution: Develop and implement procurement strategies that support organizational goals, focusing on cost reduction, quality improvement, and risk mitigation.
- Supplier Management: Identify, evaluate, and select qualified suppliers based on comprehensive assessments. Build strong relationships with suppliers, negotiate favorable contracts, and monitor supplier performance.
- Market Analysis: Conduct thorough market research to identify trends, pricing fluctuations, and potential new suppliers. Leverage this information to optimize procurement decisions.
- Financial Management: Oversee procurement budgets, track expenditures, and ensure compliance with financial guidelines. Conduct cost-benefit analyses and identify cost-saving opportunities.
- Contract Management: Develop, review, and manage contracts to protect the company's interests and mitigate risks. Ensure adherence to legal and regulatory requirements.
- Inventory Management: Collaborate with internal stakeholders to optimize inventory levels, reduce carrying costs, and ensure timely delivery of goods and services.
- Performance Measurement: Establish key performance indicators (KPIs) to measure procurement efficiency, cost savings, and supplier performance. Analyze data to identify areas for improvement.
- Cross-Functional Collaboration: Work closely with departments such as finance, operations, and engineering to align procurement activities with overall business objectives.
- Team Leadership: Manage and develop a high-performing procurement team, providing guidance, training, and support.
Bachelor’s degree in supply chain management, Business Administration, or a related field. A master’s degree or professional certification (e.g., Certified Professional in Supply Management - CPSM) is preferred.Minimum of 5 years of progressive experience in procurement or supply chain management, with at least 2 years in a managerial role.Strong negotiation and communication skills.Proficiency in procurement software and Microsoft Office Suite.Analytical and problem-solving abilities.Ability to analyze data and generate actionable insights.Excellent organizational and project management skills.Knowledge of contract law and procurement regulations.Leadership and team management skills.Strategic thinker with a proactive approach to problem-solving.Detail-oriented with strong analytical skills.Ability to manage multiple priorities and work under pressure.Strong understanding of the market and industry trends.